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The FAME-II subsidy revision, announced on May 19, 2023, brought about significant changes in the demand incentive and incentive cap for electric two-wheelers registered after June 1, 2023. The demand incentive per kWh was reduced to INR 10,000 from the previous INR 15,000, while the incentive cap was scaled down from 40% to 15% of the E2W's ex-factory price.
Okaya EV is offering several cashback offers with the purchase of a new Faast electric scooter.
Okaya EV, a renowned electric two-wheeler manufacturer, has unveiled an exciting monsoon cashback scheme for its customers. Valid until July 31st, 2023, this limited-time offer allows consumers who purchase from the Faast series scooter to enjoy attractive cashback rewards or stand a chance to win an exotic 4-day/3-night trip to Thailand worth Rs. 50,000.
Okaya EV has launched a new electric scooter in the Indian market at a price tag of Rs 83,999, called the Faast F2F, with a claimed range of 80 km.