EV sales lose charge after FAME subsidy reduction in June 2023
With brands suffering up to 70 percent loss in sales numbers after seeing consistent growth year-on-year, it is quite clearly the impact of the revamped FAME-II subsidy. Prices for Ola electric scooters were hiked by Rs 15,000 on average and Ather scooters got costlier by approximately Rs 32,500 among similar price adjustments within other manufacturers.
With brands suffering up to 70 percent loss in sales numbers after seeing consistent growth year-on-year, it is quite clearly the impact of the revamped FAME-II subsidy. Prices for Ola electric scooters were hiked by Rs 15,000 on average and Ather scooters got costlier by approximately Rs 32,500 among similar price adjustments within other manufacturers.
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