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Last Updated: Oct 13 2023, 17:00 PM IST

Factors Influencing Electric Scooter Price in India: A Detailed Analysis

Gen Zs always find alternatives to solve their daily life problems efficiently. Be it browsing online to save time to purchase products or devise intelligent strategies to solve some environmental crisis. Following this, they are also likely to opt for electric vehicles to save on fuel while contributing to a greener nation.


Consequently, the demand for electric scooters in India has skyrocketed, gaining popularity as an alternative to traditional petrol-based vehicles. With the nation’s growing emphasis on sustainable transportation, understanding the various elements that impact the electric scooter price in India becomes crucial.


Through the medium of this blog, we will examine the factors that have an influence on electric scooter prices. We will also check how the features of the Chetak electric scooter justify its price.

Chetak

6 Factors Influencing Electric Scooter Price in India

  1. Growing Demand for Electric Scooters


    The road transport sector is heavily dependent on imported fossil fuels, and procurement of crude oil has increased significantly over the years. Consequently, to create an environmentally friendly alternative, the adoption of electrical vehicles, especially two-wheelers, is witnessed.


    Statistics reveal a substantial surge in the adoption of electric scooters across urban and semi-urban areas in India. This surge is propelled by a growing awareness of environmental issues and the need for sustainable mobility solutions.


  2. Competitive Landscape


    In the Indian market, several manufacturers are vying for a share in the electric scooter segment. Competition among these brands significantly influences pricing strategies, leading to variations in electric scooter price in India.


  3. Battery Technology and Costs


    The cost of batteries forms a significant portion of the manufacturing expenses. Innovations and advancements in battery technology impact both performance and pricing. Variations in battery costs greatly affect the final retail electric scooter price in India.


  4. Raw Material Costs


    Steel, aluminium, and other raw materials used in scooter manufacturing are subject to market fluctuations. Any changes in raw material prices directly affect production costs, influencing the electric scooter price in India.


  5. Government Subsidies and Incentives


    The Indian government offers various subsidies and incentives to promote the adoption of electric vehicles. These interventions help manufacturers reduce electric scooter price in India and, in turn, provide competitive prices to consumers.


    Here is a brief synopsis from the explaining “Government Initiatives on Electric Mobility”:


    • The National Mission on Electric Mobility was approved in 2011, and its plan called the National Electric Mobility Mission Plan (NEMMP 2020), was released in 2013.
    • In April 2015, the Faster Adoption of Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) was launched as a part of the mission.
    • This scheme had three components – demand subsidy, infrastructure, and R&D support.
    • The first phase of the FAME scheme continued till 31 March 2019, and the second phase, termed FAME-II, was launched on 01 April 2019.
    • FAME-II aims to strengthen the electric vehicle manufacturing ecosystem in the country through demand incentives, establishing a network of charging stations and administration of schemes including publicity and IEC (Information, Education and Communication) activities.
    • In fact, certain state governments have also implemented their own subsidies. For instance, the Gujarat government has a ₹10,000/kWh subsidy scheme. However, the offered subsidy on a particular e-scooter cannot exceed 20% of the total vehicle value. Moreover, for Maharashtra, the electric two-wheelers get a flat ₹10,000 subsidy.

  6. Taxation and Regulations by the Government


    Taxation policies, including GST and other levies, are pivotal in determining the final electric scooter price in India. Compliance with regulations also incurs additional costs, affecting pricing strategies.


    Notably, in August 2019, there was a significant decrease in GST on electric vehicles, dropping from 12% to 5% (source: ET), which marked a pivotal move in promoting EV adoption. Prior to this, in June 2017, the basic customs duty and GST were reduced and rationalised on electric vehicles, their assemblies/sub-assemblies, and parts/sub-parts/inputs of the sub-assemblies. To know more, you can download the report published by Niti Aayog.


What Features Justify Chetak Electric Scooter Price in India?

Now that you have examined the factors that influence the electric scooter price in India, look at the features of our Chetak electric scooter. Read and decide for yourself if it truly justifies the price. Check the features below if you think you are getting value for money because we believe you are!


  1. Design and Styling:

    Chetak’s sleek and contemporary design combines elegance with functionality. Our electric scooter features a classic silhouette with modern elements, appealing to a wide range of riders.

  2. Battery and Range:

    Equipped with a lithium-ion battery, our Chetak electric scooter offers a decent range of 108 km on a single charge. It ensures practical usage for daily commuting needs.

  3. Performance:

    Chetak’s 3-phase permanent magnet synchronous electric motor delivers a balanced performance suitable for city commuting. It offers smooth acceleration and ease of handling in urban traffic conditions.

  4. Connected Features:

    Our electric scooter incorporates modern technology with features like smartphone connectivity. It allows you to access essential information, navigation, and ride statistics through a dedicated app.

  5. Safety Features:

    It includes advanced safety features such as a robust braking system, regenerative braking, and possibly additional safety aids for rider protection.

  6. Convenience and Comfort:

    The Chetak focuses on rider comfort with ergonomic design elements, a spacious footboard, and additional storage compartments for practicality.

  7. Quality Build:

    Chetak is known for its quality manufacturing, ensuring durability and reliability in the Chetak electric scooter.


  8. In the transportation market, the electric scooter price in India is a multifaceted aspect influenced by various interconnected factors. Understanding these factors is crucial for consumers making purchasing decisions. As the industry evolves with technological advancements and policy changes, the dynamics of electric scooter price in India will continue to fluctuate.


    If you want to make an intelligent choice, visit our e-showroom and check the specifications in detail. Get your very own Chetak electric scooter at an ex-showroom price starting from ₹1,15,000. Check our website today!

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