With this achievement, Okinawa becomes the first electric two-wheeler manufacturer in the country to become eligible for customer price rebates under the FAME-II initiative.
Recently, the Government of India announced certain guidelines under the FAME-II initiative that dictate the subsidy amount applicable on an electric two-wheeler. While every kind of battery-powered vehicle was earlier eligible for a subsidy under FAME-I, FAME-II guidelines dictate that only vehicles powered by advanced batteries (like those made of Lithium-ion) will be eligible for the rebate benefits. Industry reports suggest that due to this guideline overhaul, nearly 95 per cent of the electric two-wheelers sold in India have become ineligible for the incentives.
However, despite this crucial change in place, Okinawa Scooters has announced that it has become the first electric two-wheeler manufacturer in India to get the FAME-II subsidy/rebate compliance certificate from the Automotive Research Association of India (ARAI), which will allow it to pass on price rebates to its customers on select products. Products eligible under this certification belong to Okinawa's Lithium-ion range – the i-Praise and the Ridge+. Further, the subsidy amount will range between ₹ 17,000 and ₹ 26,000, depending on the kWh rating of the battery used in the product.
'With eligibility under FAME-II, our customers will be able to enjoy standard subsidy depending upon the model battery kWh. We are confident that this will motivate more environment-conscious customers to become a part of the Okinawa family to enjoy not only the benefits of e-scooters but also the advanced features offered in the Okinawa range,' said Mr Jeetender Sharma, Founder & MD, Okinawa Autotech Pvt. Ltd.