- First electric two-wheeler company to receive FAME-II approval and incentivization
- Receives subsidy of Rs 17,000 on the I-Praise and Rs 26,000 on the Ridge+
- Complies with FAME-II norms of having a top speed over 40kmph, minimum range of 80km and 50 per cent localization of components
Okinawa Scooters, the Delhi-based electric two-wheeler manufacturer has become the first company to qualify for FAME-II approval and incentivization for its electric two-wheeler portfolio. The Automotive Research Association of India (ARAI) has also provided the company with a certificate of eligibility for its Lithium-ion powered e-scooter – I-Praise and Ridge+.
Introduced under the ‘Make in India’ initiative, FAME-II is the Government’s incentive plan to strengthen the electric vehicle eco-system in India. It follows a conducive policy that keeps in mind the concerns and expectation of the industry for electric vehicle makers to have 50 per cent local content in e-vehicles if they want to avail the incentive. The manufacturers have to gain an eligibility certificate for facilitating the registration of their vehicles under FAME-II.
With the set parameters, Okinawa’s products have met all the factors which include having a speed of around 40kmph, range of about 80 km per charge and 50 per cent localisation and incentivising on the lithium-ion battery packs. With this incentive, the Okinawa I-Praise and Ridge+ have received a subsidy of Rs 17,000 and 26,000, respectively.
