Right time to buy Electric Two Wheeler in Maharashtra | How much is subsidy on two wheelers?
Is it right time to buy a two wheeler? There are many companies in the electric two wheeler market. The demand for two wheeler is increasing along with rising interest of the customers to buy green and less polluting products. As part of FAME II policy , the Government offers subsidy on two wheeler electric vehicles . Many states have declared further incentives on top of this. Maharashtra state offers the best incentives as of now. Hence buying a two wheeler in Maharashtra will be the cheapest option . What are the subsidies offered by Central Government? What is the criteria for availing subsidy for electric vehicle ? Central government offers subsidy of Rs 15000 / KWh of the vehicle rating with a cap of 40% cost of vehicle. The vehicle eligibility criteria is as follows. Type: L1/ L2 Max Range: 60 Km Max Speed: 50 Km/hr Comprehensive warrantee : 3 years Max Battery capacity : 3 KWh What is additional subsidy offered by Maharashtra Government on electric two wheeler? M...