Matter Increases Prices of Aera E-Motorcycle Following FAME-II Subsidy Reduction

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Matter Aera Electric Motorcycle

 

Matter, an electric vehicle (EV) start-up, has announced a significant price hike for its Aera e-motorcycle. This increase comes in response to the reduction in subsidies for electric two-wheelers (E2Ws) under the FAME-II scheme. The Aera, originally positioned as a sporty alternative to petrol commuter motorcycles, will now cost Rs 2 lakh or more, including on-road charges. The price hike will take effect from June 6, 2023.

Background: FAME-II Subsidy Reduction

The Aera's price escalation can be attributed to the drastic reduction in incentives provided to electric two-wheelers. Previously, the Aera, with its large battery pack, qualified for a maximum subsidy of Rs 60,000 under the FAME-II scheme. However, the Ministry of Heavy Industries has capped incentives at 15% of the E2W's ex-factory price and revised the subsidy to Rs 10,000 per kWh of battery capacity. As a result, the Aera will now be eligible for a maximum incentive of Rs 22,500. This reduction in subsidies has prompted other electric vehicle manufacturers, including Ola Electric, Ather Energy, TVS, Hero MotoCorp (Vida), and Tork Motors, to consider announcing price hikes for their battery-powered models.

Price Revision and Delivery Timeline

From June 6 onwards, the Aera 5000 variant will be priced at Rs 1.74 lakh, while the Aera 5000+ variant will cost Rs 1.84 lakh (ex-showroom). These revised prices will apply to bookings made after June 5, 2023. Matter has also delayed the delivery schedule for the Aera, which was initially planned for June, to September 2023.

Key Features of Matter Aera

The Aera stands out as the only electric motorcycle in India equipped with a four-speed sequential manual transmission. All variants, except the Aera 6000, come with a fixed 5 kWh liquid-cooled lithium-ion battery pack, utilizing either NMC or NCA chemistry cells. This battery pack incorporates a liquid-cooling system, a pioneering feature for Indian E2Ws. The Aera delivers a peak power output of 14 bhp and offers a claimed real-world range of 125 kilometers. Matter had also announced the Aera 6000, featuring a larger 6 kWh battery with an expected real-world range of nearly 150 kilometers. However, the introduction of this variant remains uncertain due to its potential price exceeding Rs 2 lakh (ex-showroom).

Charging Capabilities

The Aera comes with a 1 kW onboard charger that fully charges the bike in less than five hours. It also supports DC fast charging, enabling a fast-charging time of under two hours, as stated by Matter.

Conclusion

Matter's decision to increase the prices of the Aera e-motorcycle in response to the FAME-II subsidy reduction reflects the impact of policy changes on the electric vehicle market. As EV manufacturers adapt to the revised subsidy framework, consumers can expect price adjustments across various electric two-wheeler models.


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