The increased FAME-II subsidy is narrowing the price gap between electric and petrol-powered two-wheelers, making electric scooters more accessible to a broader audience. High acquisition costs have traditionally hindered widespread adoption of electric scooters. Although year-on-year sales are rising, electric vehicles still represent a small fraction of the overall two-wheeler market dominated by petrol-powered models. The recent boost in the FAME-II subsidy is expected to drive a significant increase in electric two-wheeler sales in the coming months.
Several electric vehicle (EV) manufacturers have responded to the FAME-II subsidy increase by lowering their prices. The latest company to announce price reductions is Ampere Vehicles, a subsidiary of Greaves Cotton Limited. Ampere electric scooters are renowned for their competitive pricing, reliable range, and robust performance.
Ampere has reduced the prices of its electric scooters by up to ₹9,000. The Ampere Zeal, previously priced at ₹68,990, is now available for ₹59,990. The Magnus Pro’s price has been cut from ₹74,990 to ₹65,990. These prices are ex-showroom, Bengaluru, and reflect the company’s decision to pass on the benefits of the FAME-II subsidy revision to consumers.
With these new prices, electric scooters are now more competitive than ever. For instance, the Honda Activa 6G, India’s top-selling scooter, is priced at ₹69,924 for the standard model and ₹71,670 for the DLX model in Bengaluru. The TVS Jupiter, the second-best selling scooter, starts at ₹66,824, ex-Bengaluru. Both the Ampere Zeal and Magnus Pro are now priced lower than these popular petrol scooters.
The Ampere Zeal and Magnus Pro offer ranges of 85-90 km and 80 km, respectively, making them ideal for daily commutes. Both models provide quick acceleration and a top speed of 55 km/h, easily handling city riding conditions such as upslopes and flyovers. A key feature of these scooters is their detachable batteries, allowing users to recharge them at home.
One of the most significant advantages of these electric scooters is their extremely low running cost—just 15 paise per kilometre. For a 100 km commute, the cost is a mere ₹15, which is cheaper than using public transport like buses, local trains, or metros.
Customers purchasing the Ampere Zeal or Magnus Pro can choose from various ownership plans tailored to their budget. The full subscription plan allows customers to select their preferred down payment amount.
The ‘power + subscription’ plan offers low monthly EMIs. Both plans include comprehensive benefits such as full vehicle insurance, complete service and maintenance coverage, registration and RTO charges, and unlimited kilometre usage. These flexible options make switching to an electric scooter an even more attractive proposition.