Ola, TVS, Bajaj, Hero and Anther get energy subsidies for EVs

  • Top electric two-wheeler makers in India are offering retail incentives to boost buying sentiment during the festive season. 
  • Bajaj Auto Ltd is offering lower prices for its Chetak EV, with plans to increase sales to 10,000 units per month. 
  • TVS Motor Co. is advertising festive offers worth ₹10,000, including a cashback offer. 
  • Hero MotoCorp’s Vida V1 is offered with benefits of ₹21,000, including a ₹2,000 cash discount. 
  • Ola Electric and Ather Energy have launched exchange bonuses and cash discounts on their scooters to market their new products and variants. 
  • Ather Energy is offering ₹5,000 cash discount on its newly launched Ather S, its most affordable electric scooter, and Ola Electric is giving ₹5,000 discount on its Ola S1X. 
  • The top four manufacturers account for almost 80% of the industry’s volumes, making retail success crucial for growth. 
  • The electric two-wheeler industry is showing signs of recovery, with companies launching new low-cost models.
Posted in Current Affairs.