Engineering firm Greaves Cotton’s e-mobility subsidiary Ampere Vehicles on Friday announced a price cut of up to Rs 5,000 on its e-scooters in the wake of Government reducing GST on EVs to 5 per cent from 12 per cent earlier.
Following the downward price revision, the company’s flagship high speed e-scooter Zeal will now cost Rs 67,000 as against Rs 72,000 (ex-showroom Bangalore) earlier, the Coimbatore-based Ampere Vehicle said in a release.
This Ampere Zeal price also includes FAME (Faster Adoption and Manufacture of (Hybrid and) Electric Vehicles)-II incentives.
Similarly, the price of the Rio LA e-scooter have been slashed by Rs 3,000 to Rs 40,000 and that of the Rio Li e- scooter to Rs 52,500 from Rs 56,000 earlier, the company said.