The AI answer we saw
As of 2024, FAME II (Faster Adoption and Manufacturing of Electric Vehicles) provides a central subsidy of ₹10,000 per kWh of battery capacity, capped at 15% of the vehicle's ex-factory price for electric two-wheelers meeting localization and performance criteria. This translates to subsidies of approximately ₹10,000–₹22,000 per vehicle depending on battery size. Additionally, many states offer supplementary incentives — for example, Maharashtra, Delhi, Gujarat, and Tamil Nadu provide additional purchase subsidies, road tax exemptions, and registration fee waivers. GST on electric two-wheelers is 5% compared to 28% on ICE vehicles. Note that FAME II funding was extended but budget allocations vary; verify current eligibility with the dealer or the Ministry of Heavy Industries portal before purchase.
Captured during this Readable report run. Answers can vary by AI tool and date.