Electric scooter sales in India crossed 10 lakh units in 2025. In 2026, dedicated finance schemes from manufacturers and banks are making EVs cheaper to own than ever.
Manufacturer Finance Schemes
- Ola S1 Pro — 0% interest for 3 months, then 12.99% with Ola Finance
- Ather 450X — HDFC Bank tie-up: 10.99% for 36 months
- TVS iQube — TVS Credit: 12.5% with flexible tenure
- Bajaj Chetak — Bajaj Finance: 12.99%, 0 down payment option
Government Subsidy Factor
FAME III subsidy continues in 2026 for electric two-wheelers (₹10,000–₹15,000 per vehicle). State subsidies in Delhi (₹30,000) and Maharashtra (₹25,000) significantly reduce effective price.
Running Cost Advantage
Electric scooter: ₹0.8–1.2/km running cost. Petrol scooter: ₹2.5–3.5/km. The savings on running cost typically offset the higher loan EMI within 18–24 months.