Amaan AhmedJuly 20, 2021 04:32:13 IST
Hero Electric’s medium-speed scooters have seen a massive, changing price drop thanks to initiatives taken by the state governments of Maharashtra and Gujarat to increase the introduction of electric vehicles. In addition to the Center’s increased FAME-II support, electric two-wheelers are also eligible for many incentives from the state where they sell and are registered. Gujarat EV Policy 2021 and Maharashtra EV Policy 2021 offer large subsidies for electric two-wheelers, and thanks to this incentive, the prices of Hero Electric kickboards in both states fell enormously, making them much cheaper, as the range now starts at less than Rs 40,000.
Hero Electric scooter prices in Gujarat
The State of Gujarat will extend the subsidy of Rs 10,000 per kilowatt-hour of battery capacity (the maximum subsidy is Rs 20,000) to the first 110,000 e-bikes sold. This means that the highest kWh subsidy of all the states of India makes Hero Electric scooters the most affordable scooters in Gujarat.
The Hero Optima HX (one battery) used to cost Rs 53,600, but with support just over Rs 15,000, which drops to around Rs 38,000. But it gets better – the price of the dual-battery version of Optima (called ER) used to be Rs 58,980, but with support of Rs 20,000, it now costs around Rs 39,000. For a thousand surcharges, buyers will receive a dual-battery Optima with an claimed range of 122 kilometers, a significant step for a 82-kilometer single-battery model.
Meanwhile, the price of Hero Electric Photon was previously 71,449 rubles – but with Gujarat’s state aid of nearly 19,000 rubles, it will drop to 53,000 rubles. Photon is currently the flagship of the Hero Electric ‘City Speed’ electric motorcycle, with a larger, single 1.8 kWh battery, top speed of 45 km / h and an claimed range of 108 km.
More interestingly, the Hero Electric Nyx – which is more aimed at buyers for commercial use – will greatly benefit from the support offered. Although the single-battery Nyx E5 is eligible for support of around Rs 15,000 (bringing the final price to almost Rs 45,000), the dual-battery Nyx E5 ER – at an alleged distance of 165 km – has a huge price drop when the total Rs 20,000 The aid reduced its price to around 43 000. For those who want even more range, there is a triple battery version called the Hero Nyx E5 HX (at a distance of 210 km) which benefits from the available support of Rs 20,000, bringing the price to Rs 65,000.
Hero Electric scooter prices in Maharashtra
As part of its EV policy in 2021, Maharashtra will provide incentives for the first 100,000 e-bicycles and expand support of Rs 5,000 per kilowatt hour of battery capacity (limited to Rs 10,000), which is only half that Gujarat has to offer. However, until the end of 2021, Maharashtra will also offer an ‘early bird incentive’, which will actually take the total amount of support from 10,000 to 25,000. As a result, some Hero Electric scooters are even more affordable in Maharashtra, at least until the early bird incentive is in place.
The Hero Optima HX costs around Rs 39,000 (including subsidies) in Maharashtra as much as in Gujarat, but the dual-battery Optima ER benefits from the Rs 25,000 subsidy currently available, lowering its price to a low Rs 33,000 – making it even cheaper than the single battery model!
Eligible for state aid close to Rs 16,000, Hero Electric Photon will cost around Rs 55,000 in Maharashtra.
The single-battery Nyx E5 is about the same price in Maharashtra (Rs 46,000) as in Gujarat, but once again the dual-battery Hero Nyx E5 ER is more affordable and costs around Rs 38,000 when the full Rs 25,000 state support is taken into account. eligible for the same subsidy, so in Maharashtra it now costs about 60,000 rubles (all prices, for exhibition space).
At this stage, it should be noted that both states waive registration fees and road taxes on electric two-wheelers, so their road fares are not too far from the showroom prices mentioned here.
Hero expects buyers to move to medium-speed e-scooters
The amazing impact of state aid on pricing will lead to a significant change in the preferences of Hero Electric’s scooter customers, according to the company. Interacting with the user Tech2Sohinder Gill, CEO of Hero Electric, said the company now expects slow scooters with a top speed limit of 25 km / h to account for only 20 per cent of total e-bike sales – a huge drop from the current 70 per cent – on medium-speed models with a top speed of around 45 km / h) account for the majority of the country’s sales of electric two-wheelers.
“With the introduction of government policy, the biggest thing is that medium speed scooters have become cheaper than slow scooters. Many people bought slow models for affordability, they plan to switch to medium speed models right away. For them, the price of the sticker was crucial. but instead of accounting for 70 percent of all e-two-wheel car sales, they are now down to 20 percent.Until now, buyers could choose a Honda Activa or a slow e-scooter for the same price, and therefore didn’t want electricity because there were too many differences in performance. With subsidies, medium-sized e-scooters are now a cheaper choice, ”Gill said.
Hero Electric’s medium-speed electric kickboards, with the support of the governments of the states of Gujarat and Maharashtra, are currently the most affordable scooters in the country, and most models are even below entry-level gasoline engines in two states. by a large margin.