With the coming of the FAME II scheme amendment, Okinawa too decided to reduce the prices of its electric scooters. Okinawa has reduced the prices on its scooters from Rs. 7,200 to Rs. 17,900, with the Okinawa iPraise+ getting the biggest price cut. The FAME II scheme subsidy allows a further discount of Rs. 15,000 per kWh. The new prices came into effect from June 11, 2021. Okinawa has sold over 90,000 scooters in India as of May 2021. The company has plans of investing Rs. 150 crore to set up a new manufacturing facility in Rajasthan near the company's existing plant in the state.
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(The Okinawa PraisePro gets a price reduction of Rs. 7,947)
Commenting on the same: Jeetender Sharma, Managing Director & Founder, Okinawa Autotech, says, "We are excited and thrilled to provide users with the most innovative electric scooters at even more affordable prices now. Lowering the prices of electric scooters in the country will serve as a stepping stone and help persuade more riders to switch from a combustion-engined model to an electric one. We thank the government of India for taking this crucial step."
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| Model | Previous Price | Current Price | Reduction |
|---|---|---|---|
| iPraise+ | Rs. 117,600 | Rs. 99,708 | Rs. 17,892 |
| Praise Pro | Rs. 84,795 | Rs. 76,848 | Rs. 7,947 |
| Ridge+ | Rs. 69,000 | Rs. 61,791 | Rs. 7,209 |
Okinawa said that the iPraise+ is one of the best-selling products from the company and has seen a three-fold increase in demand in the last few months owing to a number of factors. The smart electric scooter comes with an IOT-enabled Mobile Application - 'Okinawa Eco App'. The iPraise+ gets a range of 160-180 km on a single charge and has a charging time of 2-3 hours, as well as a weight that is 30-40 per cent less than many other EVs in its category.
