Electric mobility company Revolt Motors has announced that the brand has received the approvals for the eligibility for Government of India’s EV subsidy schemes. Revolt Motors has officially received approval from the Ministry of Heavy Industries for the subsidy. Furthermore, the brand also revealed that as a responsible corporate the company has already paid back the subsidies availed in the past under the FAME-II scheme. In addition to this, Revolt Motors also announced that all the past issues related to the FAME-II regime also stand resolved fully resolved.
This makes Revolt Motors eligible for the current Electric Mobility Promotion Scheme (EMPS) 2024. EMPS 2024 subsidy for two-wheelers is likely to be followed by the FAME-III subsidy scheme, which the brand is likely to be eligible for in the future. The EMPS scheme has been extended till the 30th of September 2024, and Revolt Motors will be eligible for the INR 10,000 subsidy per motorcycle from the Government of India.
This eligibility for the subsidy will also help the brand price its electric motorcycle competitively in the Indian market. Furthermore, the eligibility for the EMPS will also help in boosting sales which will in turn increase the profitability of the company. Thanks to the subsidy approval, Revolt Motors will also join a select group of manufacturers which are in-line with the government’s greener and energy efficient future policy.
Currently, the Revolt RV 400 BRZ starts with a price tag of INR 1.43 lakh ex-showroom. The electric motorcycle is also available with INR 0 down payment and can be booked online as well as through Revolt Motors’ showrooms in India. The RV400 comes with a top speed of 85 Kmph and offers a range of 150 km on a single charge. The electric motorcycle can be recharged from 0-100% in 4.5 hours. The Revolt electric motorcycle also gets AI enabled features and smartphone connectivity.
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