E-scooter companies gear up for gradual price hikes
But not everyone is on board with the price hikes. Hero Electric, which sells the Optima among other brands, has decided not to increase prices immediately. "Despite the recent reduction in the FAME-2 subsidy, the company remains dedicated to promoting the adoption of e-two-wheelers and dispelling misconceptions about their cost of ownership," the company said in a statement on Wednesday. FAME refers to faster adoption and manufacturing of hybrid and electric vehicles.