RattanIndia’s Revolt Motors welcomes Maharashtra Electric Vehicle Policy 2021
New Delhi/ Mumbai : RattanIndia’s Revolt
This is over and above the FAME II incentives of for EV manufacturers recently announced by the Central Government which amounts to Rs. 48,000 per bike in case of Revolt. Combining these incentives it would mean incentives of atleastRs. 64,000 per bike sold by Revolt in Maharashtra. In addition, EV bikes will be exempted from road tax and registration charges which will further boost customer savings. Also, the petrol two wheelers owners changing to EVs bikes will get Rs. 7,000 as scrappage incentive.
Maharashtra was one of the first states where Revolt started its sales in February 2020 and looking at the huge demand, company is fast scaling up its sales dealership network in the state. The implementation of Maharashtra Electric Vehicle Policy 2021, in addition to the FAME II incentive, will accelerate the process of EV adoption in the state. The increased subsidy being offered under the new scheme will make EV motorcycles more affordable and accessible to consumers.
These incentives in Maharashtra come in addition to the incentives given by the Central Government. Maharashtra follow
These incentives by the Central Government and various State Governments show the seriousness of the government to encourage manufacturing and EV adoption in country. With falling battery prices, EV bikes prices are already comparable to their petrol counterparts. With EV running cost of approximately Rs. 9 per 100 kms, these bikes have very low running cost as compared to petrol bikes which cost Rs. 250 per 100 kms.