Companies

Okinawa Scooters gets nod for FAME II subsidy

PTI New Delhi | Updated on May 01, 2019 Published on May 01, 2019

Electric two-wheeler maker Okinawa Scooters on Wednesday said it has received regulatory approvals for two models, making it eligible to receive incentives under the government’s FAME-II scheme.

The company has received certificate of eligibility from Automotive Research Association of India (ARAI), the prime testing and certification agency notified by the government, for its lithium-ion products — Okinawa i-Praise and Okinawa Ridge+, it said in a statement.

“With eligibility under Fame-II, our customers will be able to enjoy standard subsidy depending upon the model battery KWH (kilowatt hour). For Okinawa Ridge+ & i-Praise the subsidy would be between Rs 17,000 and Rs 26,000 based on KWH,” Okinawa Autotech Pvt Ltd Founder and Managing Director Jeetender Sharma said.

Under the government’s FAME II scheme to popularise electric and hybrid vehicles, up to 10 lakh electric two-wheelers powered by new advanced technology battery of 2KWH are pegged to get subsidy of up to Rs 20,000.

To avail the government subsidy, the maximum ex-factory price of an electric two-wheeler is up to Rs 1.5 lakh.

The company said, “With this testing, Okinawa products have met all the government parameters of having a speed of around 40km/h, range of about 80 km/charge, 50 per cent localisation and incentivise on the Li-ion battery capacity”.

Published on May 01, 2019
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