Ampere Electric announces revised prices post GST rate cut

08/08/2019 - 19:12 | ,   | Suvil Susvirkar

After Ather Energy and Okinawa Autotech, Ampere Electric has announced the revised price of its products. The new, lowered prices are a result of GST rate cut for all-electric vehicles. Regular readers would know that the government has reduced the GST rate to 5% (from 12%) on electric vehicles.

Ampere Zeal Electric Scooter Front
The flagship Ampere Electric product, the Zeal, is now available at an INR 5,000 lower (ex-showroom) price tag.

Also Read: Ampere Vehicles to get Greaves Cotton Lithium-ion battery tech

The Ampere Electric scooters are now cheaper by INR 2,000 to INR 5,000. Check out the revised prices (vs. old rates) in the table below:

Model Old Price* New Price*
V-48 LA INR 36,000 INR 34,000
V-48 Li INR 53,000 INR 50,000
Magnus INR 48,000 INR 45,000
REO LA INR 43,000 INR 40,000
REO LI INR 56,000 INR 52,500
Zeal INR 72,000 INR 67,000

The V-48 LA has received the lowest price decrease (INR 2,000), while the Zeal has received the maximum benefit (INR 5,000) among the complete portfolio. With the price reduction, the entry-level model is available from INR 34,000*. The range-topping Zeal now retails at INR 67,000*.

In comparison, the Okinawa Autotech’s Lead Acid range got cheaper by INR 2,500-4,700. Its Li-ion range got a price cut of INR 3,400-8,600. Ather Energy’s 340 and 450 got cheaper by INR 8,187 and INR 8,932 in Bangalore.

Do note that Ampere Electric is among the five electric two-wheeler manufacturers who qualify under the FAME-II guidelines and benefit from the subsidy. Other brands to benefit from FAME-II subsidy include Ather Energy, Okinawa Autotech, Jitendra Electric Vehicles and Hero Electric. In comparison, as many as 88 models from 18 manufacturers were eligible for the subsidy under the FAME-I scheme.

The new eligibility criteria for the FAME subsidy bring revised parameters to gain from the subsidy. The parameters include a minimum top speed of 40 km/h, a range of at least 80 km per charge and regenerative braking system.

Ampere Zeal Electric Scooter Right
Ampere Electric is among the five electric two-wheeler manufacturers who benefit from subsidy under the FAME-II scheme.

Also Read: Srivaru Motors to launch Prana performance electric bike soon

While electric vehicles are benefiting by FAME-II subsidy, reduced GST rates and other tax benefits, internal combustion vehicles are soon likely to suffer from revised registration charges. The Ministry of Road Transport & Highways (MoRTH) has proposed a 10 to 20 fold increase in the Registration Charges of new vehicles, Check out the proposed changes to the registration fee and the existing charges in the table below:

Vehicle Class Proposed Registration Fee Current Registration Fee
Two-wheelers INR 1,000 INR 50
Cars INR 5,000 INR 600
Trucks/buses INR 20,000 INR 1,500
Medium good/passenger vehicles INR 20,000 INR 1,000

*Ex-showroom Bangalore

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