Hero Lectro C3
E-cycle models can range from Rs 25,000 to upwards of Rs 70,000, making them out of reach for the majority of public. An average e-cycle features a Li-ion 36V, IP67 battery pack combined with a 250W motor. These cycles can get up to speeds of 25 kmph and have a range of about 25 to 45 km (depending on the model). As better components are added to the cycles such as magnetic charging, LED displays, 7-speed gear sets and disc brakes, their prices go up. So the subsidy being offered for Delhi residents can potentially boost the sales of these cycles in the city.
In terms of availing of this subsidy, once the scheme goes live it will be driven through the Delhi government’s online portal ev.delhi.gov.in. When a dealer sells a bike they will log in to the website and register the purchase along with the buyer’s Aadhar card details. The incentives program will verify the buyer’s address and the pre-determined subsidy amount will be deposited into their accounts within a month. Currently, only dealers will be able to make a login and apply for the incentives on behalf of the buyer. This way, the government is hoping to boost the current user base in their EV incentives program. The e-cycle subsidy is expected to go live sometime in April end.
Heavy-duty cargo e-cycles also come under the government’s subsidy scheme with Rs 15,000 being waived off for the first 5,000 buyers, however, there is more. A company or corporate house buyers of such e-carts will also be given a subsidy of Rs 30,000, as mentioned by Gahlot.
Post the Rs 5,500 subsidy, popular models such as Hero Lectro’s C3 (Retail 28,999) would cost a Delhiite Rs 23,499. EMotorad’s Lil E which retails at Rs 29,999 would effectively cost Rs 24,499 to buyers who are among the first 10,000 to buy an e-cycle under the subsidy. These prices will be lower by an additional Rs 2,000 for the first 1,000 buyers, once the scheme goes live. Speaking on the subsidy, Mr. Sumedh Battewar, Co-founder, EMotorad said, ‘We appreciate this step taken by the Delhi State Government and hope that all the other states and the central government follow suit.’