The halt on Faster Adoption and Manufacturing of (Hybrid &) sidies by the Centre has pushed defaulter original equipment manufacturers (OEMs) to increase the price of electric vehicles (EVS).
A majority of EV players have increased the prices of their line-up in proportion to the subsidies they had received earlier, or by at least 20 percent of the subsidy amount.
However, large players, such as Hero Electric, claim they are still selling EVs at subsidised prices.
"We are selling all our products with subsidy benefits despite not getting it from the government for the past 16 months," said Manu Sharma, spokesperson, Hero Electric.
Although the company has increased the price of its models by *8,000-10,000, Sharma said the price changes were due to "enhancement in technologies, not due to subsidy halt".
Okinawa Scooters, the country's second-largest electric two-wheeler manufacturer, has also increased prices by *10,000-40,000.
Okinawa Scooters did not respond to Business Standard's queries seeking clarification on the subsidy issue.
Both Okinawa Scooters and Hero Electric were on the first list of OEMs to have their subsidies arrested in September.
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