- Hop Electric announces price cuts across its range of electric scooters and bike
- Hop Leo, Hop Lyf electric scooters and Hop Oxo electric bike have seen a price reduction
- Recently multiple EV makers have upped prices on their range of products after the Indian Government tightened incentives via the FAME II scheme
Hop Electric has announced a price on three of its EV offerings at a time when EV makers are scrambling to increase prices on their products thanks to the reduction of FAME II subsidy-derived incentives. Hop Electric has announced price cuts for the Lyf and Leo electric scooters and the Oxo electric bike.
Popular EV makers such as Ola Electric, Ather Energy and TVS have announced a hike in the prices of their products after the Central Government tightened the FAME II subsidy norms.
Hop Electric announced a price cut across its range of EVs
- The Hop Leo electric scooter is available in a high-speed and a low-speed variant both of which have become more affordable.
- The Hop Leo electric scooter in its low-speed variant now costs Rs 84,000 while the high-speed variant now sells for Rs 97,500.
- The Hop Lyf electric scooter has also witnessed a price cut and will now retail for Rs 67,500.
- Hop Electric’s flagship product, the Hop Oxo electric bike is now priced at Rs 1.48 lakh. This is substantially less than the price of Rs 1.65 lakh at which it was first launched.
The Hop Oxo electric bike gets a 5.2kW electric motor paired with a 3.75kWh battery pack which is good for a 140km of claimed range in Eco mode. The number drops to 65km when ridden aggressively in Sports mode. The Hop Oxo electric bike sprints from zero to 40kmph in 4 seconds and has a top speed of 88kmph. It also gets a 5-inch display, alloy wheels, disc brakes, LED DRLs, and ride telematics.
