Ather Announces Price Cut Of Up To Rs. 9000 On Electric Scooters Post New GST Rates

Bangalore-based electric two-wheeler maker Ather Energy has announced a price reduction on its range of scooters. The Ather 340 and the 450 ...

India's First Lamborghini Aventador SVJ 63 Delivered

Nissan Mulls Pulling Out Of South Korea As Trade Tensions Rise: Report

Asian Cities Turn To Electric Vehicles In Anti-Pollution Drive

Bangalore-based electric two-wheeler maker Ather Energy has announced a price reduction on its range of scooters. The Ather 340 and the 450 get a price reduction by up to Rs. 9000 over the on-road prices. The price drop comes with the change in the GST rates for EVs that now stands at five per cent instead of 12 per cent, applicable from August 1, 2019. The Ather 340 is now priced at Rs. 1.02 lakh, while the Ather 450 is priced at Rs. 1.13 lakh (all prices, on-road Bangalore). In Chennai, the Ather 340 is priced at Rs. 1.10 lakh with the Ather 450 is priced at Rs. 1.22 lakh (all prices, on-road).

Also Read: Ather 450 Road Test Review

The Ather 340 is now priced at Rs. 1.02 lakh, while the Ather 450 is priced at Rs. 1.13 lakh

Also Read: Ather Energy Commences Operations In Chennai

The new GST rates were proposed under the Union Budget 2019 by Finance Minister Nirmala Sitharaman to the GST Council. The new rates were approved late last month. The new GST rates come as part of the government's push towards faster adoption of electric vehicles. The lower rates coupled with the FAME II subsidy are intended to make electric vehicles more affordable for mass market adoption. The reduction in the GST rates will affect other electric vehicles on sale in India including the likes of the Okinawa scooters, Revolt Motors and more. The recently launched Hyundai Kona Electric will also get a price reduction of about Rs. 1.40 lakh on the on-road prices.

Also Read: Budget 2019 Electric Vehicles To Get More Affordable 

Ather Energy commenced sales in its home market - Bangalore - last year, while operations started in Chennai earlier this year. The company plans to expand its presence in 30 other cities including Mumbai, Pune, Hyderabad, Delhi NCR by 2023. The The Ather 450 is the company's flagship offering and promises a range of 75 km on a single charge, and comes loaded with tech features including a touchscreen display with navigation, park assist and more. The scooter offers a healthy 20.5 Nm of peak torque from its electric motor and draws power from a lithium-ion battery.

from NDTV CarAndBike - Latest News https://ift.tt/2LU6VLM