Ola Electric Scooter Subsidy in 2023

A subsidy is provided by the government of India for the purchase of electric vehicles under the FAME-II (Faster Adoption and Manufacturing of Electric Vehicles Phase II) program. For electric scooters, the subsidy amount is Rs. 15,000 per kWh of battery capacity, up to a maximum of Rs. 40,000.

Ola Electric Scooters have a battery capacity of 3.97 kWh, so the maximum subsidy is Rs. 40,000. In recent years, however, the government has reduced the subsidy for electric scooters from 40% to 15% of the ex-showroom price. Consequently, the maximum subsidy for the Ola Electric Scooter is now Rs. 19,999.

Indian citizens who purchase an electric scooter from a registered dealer are eligible for the subsidy.

The Following Documents Must Be Submitted to the Dealer in Order to Qualify for the Subsidy:

• Proof of identity (such as a PAN card or Aadhaar card)

• Proof of address (such as a driving license or voter ID card)

• Bill of purchase of the electric scooter

The dealer will then apply for the subsidy on your behalf on behalf of you. Upon approval of your application, you will receive a credit to your bank account within 30 days of receiving the subsidy payment.

It is important to remember that the subsidy will not be applied to the Ola Electric Scooter S1 Pro which is an electric scooter. It is important to note that the S1 Pro is a more powerful and feature-rich version of the scooter, and it does not meet the requirements for the subsidy.

There is no doubt that the subsidy for electric scooters is an excellent way to reduce the cost of ownership of these vehicles. In case you are considering purchasing an Ola Electric Scooter, it would be a good idea to factor in the subsidy amount when making your choice.

Here Are Some of the Things to Keep in Mind About the Ola Electric Scooter Subsidy in 2023:

• The subsidy is only available for the purchase of new electric scooters.

• The subsidy amount is not applicable to the Ola Electric Scooter S1 Pro.

• The subsidy amount is subject to change.

• The subsidy amount may not be available in all states.

How to Apply for Subsidy for Ola Electric Scooter

The process of applying for a subsidy for an Ola Electric Scooter is different depending on the state in which you live. The general steps involved in claiming the subsidy can be summarized as follows:

1. Purchase an eligible electric scooter from a registered dealer.

2. Collect the following documents:

   • Proof of identity (such as a PAN card or AADHAAR card)

   • Proof of address (such as a driving license or voter ID card).

   • Bill of purchase of the electric scooter

3. Apply for the subsidy online or at the nearest electric vehicle dealership.

4. The dealer will submit the application on your behalf.

5. The subsidy amount will be credited to your bank account within 30 days of the application being approved.

Here are the specific steps involved in claiming the subsidy in some of the major states in India:

Kerala:

1. Visit the Kerala State Electric Vehicle Policy portal.

2. Click on the “Apply for Subsidy” tab.

3. Fill out the application form and upload the required documents.

4. Submit the application.

5. The subsidy amount will be credited to your bank account within 30 days of the application being approved.

Tamil Nadu:

1. Visit the Tamil Nadu Electric Vehicle Subsidy portal.

2. Click on the “Apply for Subsidy” tab.

3. Fill out the application form and upload the required documents.

4. Submit the application.

5. The subsidy amount will be credited to your bank account within 30 days of the application being approved.

Maharashtra:

1. Visit the Maharashtra State Electric Vehicle Subsidy Scheme website.

2. Click on the “Apply for Subsidy” tab.

3. Fill out the application form and upload the required documents.

4. Submit the application.

5. The subsidy amount will be credited to your bank account within 30 days of the application being approved.

Delhi:

1. Visit the Delhi Electric Vehicle Subsidy Scheme website.

2. Click on the “Apply for Subsidy” tab.

3. Fill out the application form and upload the required documents.

4. Submit the application.

5. The subsidy amount will be credited to your bank account within 30 days of the application being approved.

Andhra Pradesh:

1. Visit the Andhra Pradesh Electric Vehicle Subsidy Scheme website.

2. Click on the “Apply for Subsidy” tab.

3. Fill out the application form and upload the required documents.

4. Submit the application.

5. The subsidy amount will be credited to your bank account within 30 days of the application being approved.

It is possible for you to get more information about the subsidy for electric scooters in your state by visiting the website of the government of your state for more information.

Here are some of the things to keep in mind when claiming the subsidy for an Ola Electric Scooter:

• The subsidy amount is subject to change.

• The subsidy amount may not be available in all states.

• The subsidy amount may be exhausted before you apply.

• The process of applying for the subsidy may take some time.

The dealer from whom you purchased the Ola Electric Scooter as well as the government agency responsible for administering the subsidy in your state may be able to assist you if you have any questions regarding the subsidy for the Ola Electric Scooter.

How to Claim Subsidy for Ola Electric Scooter

It is important to note that the process for claiming the subsidy for the Ola Electric Scooter subsidy in August 2023 is dependent on the state in which you reside. As a general guide to the process of claiming the subsidy,

Here Are the Basic Steps That Need to Be Followed:

1. Purchase an eligible electric scooter from a registered dealer.

2. Collect the following documents:

   • Proof of identity (such as a PAN card or Aadhaar card)

   • Proof of address (such as a driving license or voter ID card)

   • Bill of purchase of the electric scooter

3. Apply for the subsidy online or at the nearest electric vehicle dealership.

4. The dealer will submit the application on your behalf.

5. The subsidy amount will be credited to your bank account within 30 days of the application being approved.

Here Are the Specific Steps Involved in Claiming the Subsidy in Some of the Major States in India:

• Kerala: You can apply for the subsidy online through the Kerala State Electric Vehicle Policy portal.

• Tamil Nadu: You can apply for the subsidy online through the Tamil Nadu Electric Vehicle Subsidy portal.

• Maharashtra: You can apply for the subsidy through the Maharashtra State Electric Vehicle Subsidy Scheme.

• Delhi: You can apply for the subsidy through the Delhi Electric Vehicle Subsidy Scheme.

• Andhra Pradesh: You can apply for the subsidy through the Andhra Pradesh Electric Vehicle Subsidy Scheme.

It is possible for you to get more information about the subsidy for electric scooters in your state by visiting the website of the government of your state for more information.

Here Are Some of the Things to Keep in Mind When Claiming the Subsidy for an Ola Electric Scooter in August 2023:

• The subsidy amount is subject to change.

• The subsidy amount may not be available in all states.

• The subsidy amount may be exhausted before you apply.

• The process of applying for the subsidy may take some time.

The dealer from whom you purchased the Ola Electric Scooter as well as the government agency responsible for administering the subsidy in your state may be able to assist you if you have any questions regarding the subsidy for the Ola Electric Scooter.