Saturday, January 22, 2022

2.5 lakh discount on buying electric car in this state, offer till 31 March

Mumbai. Maharashtra government’s early bird benefit scheme for electric vehicle buyers has been extended till March 31, 2022. The scheme was earlier scheduled to end on December 31, 2021. Under this scheme, two models in the 4-wheeler category can be availed on Tata’s Nexon EV and Tigor EV.

Maharashtra offers an incentive of Rs 5,000 per kWh of battery capacity under the EV policy, subject to a maximum of Rs 1.50 lakh. This means, buyers of qualifying variants of the Neon EV get a discount of Rs 2.5 lakh (Rs 1.5 lakh as subsidy and Rs 1 lakh for early bird incentive). Due to this there has been a huge drop in the price of the car. Also, all variants of the Tigor EV are eligible for subsidy and are now being sold with additional early bird benefits.

Also read- Should You Buy Electric Car Or Petrol-Diesel Car? Know here the advantages and disadvantages of both

Will MG ZS EV and Hyundai Kona also get benefits?
The subsidy benefit for Maharashtra EV policy is more than the subsidy given by the central government under the FAME II scheme. Under this, the cost of subsidized vehicles should be less than Rs 15 lakh. This means that other electric SUVs like the MG ZS EV and Hyundai Kona are not eligible for these benefits.

Delivery of two wheelers continues without subsidy
Under the Maharashtra EV policy, the maximum incentive is Rs 10,000 and Rs 30,000 for 2-wheeler and 3-wheeler vehicles. According to the information, most of the 2-wheeler brands are providing vehicles to the customers in the state without any incentive benefits. However, you can also avail this scheme on these vehicles by talking to the dealer.

Also Read – Good News For Mahindra XUV700 Buyers, Waiting Period Reduced; Know in how many days the delivery will take place

delivery pending
According to the report, a few months back, dealers had reported that a large number of buyers were shifting to the qualifying variants of the Nexon and also making many new bookings to avail the subsidy. However, due to delays in policy implementation, semiconductor shortage issues and delays due to COVID-19, a large order of vehicles is yet to be delivered. With this, the qualifying variant of the Nexon EV could be delivered in around 6 months, depending on availability, while the waiting period of the Tigor EV is around two months.

Tags: auto news, Autofocus, Car Bike News, Electric Vehicles, Maharahstra

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