A 64-year-old man from Marin died on Friday after the Vespa scooter he was driving near the Jerry Russom Memorial Park in San Rafael collided with a deer.
The driver of the scooter was identified by authorities on Monday as Melvin “Scott” Lockard of Kentfield, according to a statement by Deputy Chief Coroner Roger Fielding of the Marin County Sheriff’s Office and Coroner’s Division.
ChoiceCash Securities Lending, Managed by LoanMart, Expands in Nebraska, Arkansas and Montana
/ EIN News / – VAN NUYS, Calif., June 23, 2021 (GLOBE NEWSWIRE) – ChoiceCash Title Loans is proud to announce its expansion into Nebraska, Arkansas and Montana. Starting in 2021, qualified residents of these areas of the Midwestern and Western United States now have the option of using their vehicle equity through a ChoiceCash title loan, managed by LoanMart.
Regarding expansion, Rainer Walk, SVP Corporate Development at LoanMart, said, “Providing service in Nebraska, Arkansas and Montana has been one of our goals. It’s great to see this goal come to fruition after everyone’s hard work.
Last month, ChoiceCash Title Loans announced the availability of the service in Wisconsin and Virginia. Previously, California, District of Columbia, Florida, Indiana, Kansas, Kentucky, Michigan, Mississippi, Ohio, Oklahoma, Oregon, South Dakota, Tennessee, Texas and Washington were the only regions to offer the ChoiceCash Title Loan product.
For more information, residents can dial 855-914-2945.
LoanMart is a distributor and service for ChoiceCash securities lending provided by Capital Community Bank, a Utah chartered bank located in Provo, UT, member of the FDIC. All loan applications are subject to the Capital Community Bank’s credit criteria, which includes the provision of acceptable real estate as collateral. Customers must demonstrate their ability to repay the loan. Not all applicants are approved. The application process may take five (5) minutes. Upon completion, conditional approval may be given pending review of documentation. Funding time is based on the time elapsed from final approval following receipt and review of all required documents and signing, by 5:00 p.m. PST on a business day.
The priority of EIN Presswire is transparency of the source. We do not allow opaque clients and our editors try to be careful to eliminate bogus and misleading content. As a user, if you see anything that we missed, please bring it to our attention. Your help is welcome. EIN Presswire, Every’s Internet News Presswire ™, tries to define some of the limits that are reasonable in today’s world. Please see our editorial guidelines for more information.
Komaki announces price subsidy for its electric two-wheelers and continues to expand its dealer network
Following further updates to the Fame II EV policy last week, manufacturers stepped in to announce a price cut almost immediately. India’s electric vehicle industry, although small, has seen a lot of activity from new age electric two-wheeler manufacturers in recent years.
Being a nascent industry has ensured a level playing field for new entrants. Considering that a transition is expected in the coming years, new players are using the current timeline to establish their brand and products. Komaki announced a price subsidy in Delhi for its limited product line. The company also set foot in Delhi with the launch of a new dealership this month. Komaki is already selling its vehicles through dealers in Kerala, Gujarat, Karnataka and West Bengal, starting in February 2021.
Komaki Delhi Dealers
The dynamics of gasoline prices continued to increase. These numbers are now consistently bouncing above the Rs 100 mark. This too can be a serious consideration when it comes to buying a two-wheeler. This, and the current drop in prices, puts the manufacturers of electric two-wheelers in an enviable position.
At the very least, the situation is likely to improve public interest in electric two-wheelers. An opportune moment for manufacturers of electric two-wheelers to establish their position not only as a greener choice, but also as a cheaper alternative to vehicles with combustion engines.
Until 2021, Komaki has sold more than 14,500 vehicles. This counts for something since the company has only recently started its sales operations and is currently continuing to build its sales network. The most recent concession covers 1,500 square feet in the Jhandewalan area (110055). Since the start of operations, the dealership has sold over 120 vehicles. At the same time, its order book continues to swell. 12 other concessions will become operational in Delhi over the next 2 months.
Electric two-wheeler industry
With the Fame II policy now extended until 2025, EV manufacturers can continue to strengthen their long-term plans. Despite the constraints related to the ongoing Covid-19 pandemic, sales of electric two-wheelers continued to grow over the past fiscal year.
Of course, it helped that industry collective sales turned out to be a small base number to start with. But with the 2W electric vehicle industry receiving a 50% per kWh subsidy, by 2025 this industry could very well be a force to be reckoned with.
Komaki TN-95, a large family scooter is now available with a subsidy of Rs 20k. The price reduction for Komaki SE amounts to Rs 15k. The electric vehicle maker has implemented an online vehicle reservation system to ensure safe scanning, as well as overall security given the current circumstances. The company said, “Komaki is not asking for a price cut under the Fame 2 subsidy because the price will be different from what the company is going to announce soon.”
Increased FAME-II subsidy narrowed the price gap between electric and gasoline powered two-wheelers
The high acquisition cost has been a major obstacle to the spread of electric scooters. Even though sales have been higher year over year, they still only represent a fraction of gasoline two-wheeler sales. Fortunately, with the increase in the FAME-II subsidy, sales of electric two-wheelers may increase in the coming months.
Several electric vehicle manufacturers reduced their prices after the increase in the FAME-II subsidy. The latest price reduction announcement comes from Ampere Vehicles, which is a subsidiary of Greaves Cotton Limited. Ampere electric scooters are known in the market for their competitive prices, decent range and dynamic performance.
Ampere Zeal and Magnus Pro new prices
Ampere electric scooters have become cheaper up to Rs 9,000. Zeal, which was previously available at Rs 68,990 is now priced at Rs 59,990. Likewise, the Magnus Pro price has been reduced from Rs 74,990 to Rs 65,990.
All prices are excluding showroom, Bangalore. The lower prices are made possible by the company‘s decision to pass on the benefits of the revised FAME-II subsidies to its customers. Below are the revised prices, ex-sh Bangalore.
Amp electric scooter
With reduced prices, users can definitely think about switching to an electric scooter. As an example, we can compare prices with Honda Activa, which is the best-selling scooter in the country. The standard Activa 6G model is priced at Rs 69,924 while the DLX model sells for Rs 71,670 in Bengaluru. TVS Jupiter, which is the 2nd best-selling scooter, is priced at Rs 66,824, ex-Bengaluru. Thus, Ampere Zeal and Magnus Pro are now cheaper than Activa as well as Jupiter – the 2 best-selling scooters in India.
Ampere Zeal and Magnus – features and specifications
With a range of 80 km for Magnus and 85-90 km for Zeal, scooters should be sufficient for the daily commute. Both scooters offer quick acceleration and a top speed of 55 km / h. They can easily negotiate the city driving environment, which includes things like uphill gradients and overflights. Both scooters come with removable batteries, which allow users to charge them from the comfort of their own homes.
Another benefit that users can get is an extremely low running cost of just 15 pence per km. For a 100 km journey, the running cost will be only Rs 15.00. This is even cheaper than the price you will be charged on a bus, local train or metro.
Customers who buy Ampere Zeal or Magnus Pro can choose a property plan that best suits their budget. One option is the full subscription plan where customers can select the deposit amount as per their choice.
In the “power + subscription” plan, customers have everything to gain in the form of low monthly EMI. Both plans come with benefits such as full vehicle insurance, vehicle service and maintenance fees, registration and RTO fees, and unlimited mileage.
Hero Electric lowers the prices of its scooters to Rs 15,600 after the FAME II Incentive review. The Optima HX dual battery variant is now priced at Rs 58,990, excluding showroom (India).
Variants and prices
Revised FAME II grant price
Optima HX (dual battery)
Optima HX (single battery)
Reservations for the Optimax HX electric scooter can be made online at brand website for a symbolic amount of Rs 2,999.
Speaking of the Optima HX, the electric scooter is part of the brand’s high-speed model offering. The difference between the two variants of the scooter is an additional battery on the top variant. All other features and specifications remain the same.
As for the specs of the scooter, the Optima HX has a 550W BLDC electric motor paired with a 51.2V / 30Ah lithium-ion battery. This gives a maximum range of 82 kilometers and 122 kilometers on the single and dual battery variants, respectively.
The battery is portable and also has fast charging. Each battery can be charged from 0 to 100% in 5 hours. The maximum speed of the scooter is rated at 42 km / h
Features and mechanics
The Optima HX has regenerative braking which increases the range of the scooter. Some of the other highlighting features include:
Fully digital instrument cluster
LED tail light
Remote lock with anti-theft device
USB charging port
The suspension tasks on the scooter are handled via a telescopic fork at the front and a dual shock absorber unit at the rear. Braking is done via a drum brake at both ends. The scooter is also equipped with alloy wheels shod with tubeless tires.
Revision of the FAME II grant
The Indian government has increased the incentives for electric two-wheelers in India. The subsidy is now increased by 50% to Rs 15,000 per kWh against Rs 10,000 per kWh of battery used in the electric scooter.
Besides Hero Electric, a few other two-wheeled electric vehicle manufacturers in India have also lowered the price of their scooters, including Okinawa Autotech. Here is the price list by model.
Thoughts on Hero Electric Scooters Prices Reduced Due to FAME 2 Grant Revision
The Hero Optima HX is particularly popular among young buyers nationwide. The lower prices will help students who want to buy an electric scooter, as the prices have increased by 15,000 rupees. Hero Electric Joins List of Electric Vehicle Manufacturers Announcing Price Cut After Overhaul of FAME 2 Incentives.
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Article published on: Saturday June 19th, 2021, 10:44 AM [IST]
A cheaper iQube may become a more attractive option compared to rival Bajaj Chetak
In line with the changes introduced in FAME II (Faster Adoption and Manufacture of Electric Vehicles in India), the available subsidy has been increased to Rs 15,000 per kWh. Previously, the available subsidy was Rs 10,000 per kWh.
The new subsidy rates will apply to all electric and hybrid vehicles, except buses only. In addition, the government has increased the level of incentive to 40% of the cost of the vehicle. Previously, this was set at 20%.
Revised prices of TVS iQube
With the changes to the FAME-II subsidy program, the on-road price of iQube is now 11,250 rupees lower than before. iQube is currently offered in Delhi and Bangalore. In Delhi, the effective road price fell to 1.01 lakh.
In comparison, Bengaluru customers will have to pay Rs 1.10 lakh. The cost is lower in Delhi because the state government provides additional subsidies for electric vehicles. Promoting the use of electric vehicles is an integral part of the overall plan to reduce pollution in the National Capital Region.
With a significant price reduction, iQube can be in an advantageous position over its rival Bajaj Chetak. At the time of its launch, Chetak was offered at an attractive introductory price of Rs 1 lakh. However, with subsequent price revisions, Chetak has become quite expensive. The Chetak Urbane and Premium variants are available at Rs 1.43 lakh and Rs 1.45 lakh, respectively.
Chetak is currently not eligible for an increased grant, as it has not yet been approved under the FAME-II program. It will have to continue with its current prices. For this reason, Chetak prices are now at the same level as those of the Ather 450X.
Ather was the first electric two-wheeler manufacturer to announce lower prices due to increased subsidies. In Bengaluru, Ather 450 Plus and 450X are now priced at Rs 1,25,490 and Rs 1,44,500, respectively.
TVS iQube expansion plans
The rising subsidies couldn’t have come at a better time for iQube. This is because TVS is currently working to introduce iQube in 20 new cities. With lower prices, it might become easier for the business to attract customers. New cities that will be covered include Mumbai, Pune, Chennai, Ahmedabad and Hyderabad.
However, things won’t be easy for iQube, as Bajaj is also working on launching Chetak in new cities. Bajaj plans to cover around 30 new cities by the end of this fiscal year. Ather is already ahead of the game, having launched his scooter in more than a dozen cities. Other locations will be covered in the coming months.
Following the recent announcement revision of the subsidy under the FAME II scheme by the government, TVS Motor Company revised the price of its electric scooter, the iQube Electric.
The iQube Electric now costs Rs 11,250 less. From Rs 112,027 in New Delhi, the ecological scooter now costs Rs 100,777 in the capital. And in Bangalore, prices went from 121,756 to 110,506 Rs.
Launched in January 2020, the iQube Electric sold 62 units in FY2020, 1,061 units in FY2021 and 307 units in April 2021.
Commenting on the revised FAME II grant, Sudarshan Venu, Deputy General Manager of TVS Motor Company, said, “We welcome the government’s continued support for electric vehicles. Sustainable mobility solutions are very important for the future and TVS is investing heavily in this direction. Improved incentives for electric two-wheelers will increase penetration. Such political orientation should lead to the local development of future technology. “
Financial year 2021 1,061
/ news-national / tvs-cuts-iqube-escooter-price-by-rs-11-250-after-fame-ii-subsidy-revision-79392 TVS cuts price of iQube electric scooter by 11,250 rupees after FAME II subsidy review Launched in January 2020, the iQube Electric sold 62 units in FY2020, 1,061 units in FY2021 and 307 units in April 2021. https://www.autocarpro.in/Utils/ImageResizer.ashx?n=http://img.haymarketsac.in/autocarpro/95a2f0d2-7540-4bd3-a490-3b85a9718fe9.jpg
The subsidy on electric two-wheelers has been increased by 50 percent under the FAME II program – up to 40 percent of the total cost of the vehicle
For a year and a half, the electric vehicle (EV) segment has experienced significant growth, especially for two-wheelers. With new manufacturers entering the Indian automotive market, the electric vehicle space has shown tremendous promise for the future.
The Indian government is also doing its part to boost sales of electric vehicles and reduce vehicle emissions by introducing the FAME II (Faster Adoption and Manufacture of Electric Vehicles in India) program. This was done in order to extend support to the right models amid a gradual increase in the number of two-wheelers in the EV space.
Revised FAME II grant
When introduced in 2019 by the Ministry of Heavy Industry (MHI), this policy offered benefits to models that met the eligibility criteria such as a minimum range of 80 km and a minimum top speed of 40 km / h. This scheme offered the advantages of a subsidy amounting to Rs 10,000 per kWh. Now the government has announced a 50 percent subsidy increase which now stands at Rs 15,000 per kWh for all electric vehicles (EVs) and hybrids except buses.
Additionally, MHI has now capped incentives for electric two-wheelers at 40 percent of vehicle cost from the old cap of 20 percent. From now on, the revised policy will apply to electric two-wheelers.
Any other changes to the program will be published in the coming days. Given the central government’s intention to make India an electric vehicle nation by 2030 by helping the adoption of electric vehicles, the latest revisions could be extended to the passenger vehicle segment as well.
Ather 450X, 450 Plus price reduction
The increase in the subsidy was immediately reflected in the prices of electric scooters. Ather Energy was the first to follow up on this initiative by reducing the prices of its first 450X offer to Rs 14,500 as a result of this amendment. For Bangalore, Ather 450X now costs Rs 1.44 lakh and Ather Plus now costs Rs 1.25 lakh. All prices are ex-sh.
Calling it a phenomenal move, Tarun Mehta, CEO and co-founder of Ather Energy, added, “Sales of electric two-wheelers have increased despite the pandemic and with this additional subsidy we expect sales of electric two-wheelers are disrupting the market. , and register more than 6 million units by 2025.
MHI has also notified its intention to use aggregation through Energy Efficiency Services Limited (EESL) in order to bring the cost of electric 3-wheelers to the same level as that of IC-powered 3-wheelers. EESL would classify the demand for 3-wheel electric 3 lakhs into several user segments. To date, 76,008 vehicles have been sold under the FAME II program.