5 Low-Price Electric Scooters Under ₹1.5 Lakhs to Buy on EMI

Electric scooters are quite popular in India due to their cost-efficiency, environmental benefits, and convenience. For those looking to buy an electric scooter without a hefty upfront cost, EMI options make it more accessible. Here are 5 low-price electric scooters under ₹1.5 Lakhs that one can buy on EMI:

TVS iQube Electric

The TVS iQube Electric stands out with its modern design, smart connectivity features, and efficient performance. It comes with a multifunctional touchscreen dashboard, SmartXonnect, and HMI controller. The scooter is available at a Delhi ex-showroom price of approximately ₹1,17,299. TVS offers flexible EMI options through various financing partners. This makes it easier to manage your budget when buying a reliable electric scooter.

Key Features:

• Range: 75 km on a single charge
• Top Speed: 75 km/h
• Battery: Li-ion batteries with a capacity of 2.25 kWh
• Charging Time: 0 to 80% in 2 hours

Ather 450S

The Ather 450S is known for its sleek design, quick acceleration, and smart features. These include a DeepView display, Bluetooth connectivity, and switchgear. It is designed for urban commuters who need reliability and performance. It carries an ex-showroom price of ₹1,25,599. Ather Energy collaborates with multiple lenders to ensure that the bike is within reach for a broader audience.

Key Features:

• Range: 115 km on a single charge
• Top Speed: 95 km/h
• Battery: 2.9 kWh Lithium-ion battery
• Charging Time: 0 to 80% in 6 hours 36 minutes

Bajaj Chetak Electric

Reviving the iconic Chetak, Bajaj recently launched its electric variant. It comes with a premium build quality and seamless design. The EV consists of advanced features such as regenerative braking, reverse assist, and a digital console. Its high-end model is available at a starting Delhi ex-showroom price of ₹1,47,243. Bajaj Auto Finance and other financial institutions provide tailored loans for the Chetak. This makes it a financially viable option for those looking to switch to electric mobility without breaking the bank.

Key Features:

• Range: 126 km on a single charge
• Top Speed: 73 km/h
• Battery: 3.2 kWh battery
• Charging Time: Full charge in 4 hours 30 minutes

Hero Electric Flash LX

The Hero Electric Flash LX is one of the most affordable options in this list. It offers a decent range and comfortable seating. This low price electric scooter also comes with essential features like a digital instrument cluster, telescopic suspension, and portable battery. This two-wheeler is available at a Delhi ex-showroom price of ₹59,640. Hero Electric provides various financing options, including zero down payment schemes. This makes the scooter easily accessible, even for those with a limited budget.

Key Features:

• Range: 85 km on a single charge
• Top Speed: 25 km/h
• Battery: 51.2V/30Ah battery
• Charging Time: Full charge in 4 to 5 hours

Ola S1 PRO

Ola S1 PRO is known for its high performance and long range. It includes features such as a proximity unlock, multiple ride modes, and cruise control. This makes it a top choice for tech-savvy riders. Ola offers competitive financing options through its lending partners. This allows customers to purchase the S1 PRO with manageable EMIs. This high-tech scooter carries a starting ex-showroom price of ₹1,29,999.

Key Features:

• Range: 195 km on a single charge
• Top Speed: 120 km/h
• Battery: 11 kWh Li-ion battery
• Charging Time: Full charge in 6 hours 30 minutes

Electric scooters offer an efficient and environmentally friendly mode of transportation. The scooters listed above are some of the best options available under ₹1.5 Lakhs, offering excellent features, performance, and reliability. Buying these scooters on EMI can significantly ease your financial burden. It enables you to enjoy the benefits of electric mobility without a substantial upfront investment.

When considering an EMI purchase, it’s important to:

• Compare Interest Rates: Different lenders offer varying interest rates, so it's crucial to compare them to get the best deal
• Use Digital Tools: To gain a comprehensive understanding of your loan repayment costs, use a two-wheeler loan EMI calculator. It helps you get an estimate of your monthly payments and the cost of the loan.
• Check Eligibility: Ensure you meet the eligibility criteria for the EMI scheme, which may include a good credit score, proof of income, and other documentation
• Read the Terms and Conditions: Understand the repayment terms, including the tenure, processing fees, and any prepayment charges

Switching to an electric scooter is a step towards sustainable living. With the availability of these affordable EMI options, making the switch has become much easier.