TVS iQube price reduced to Rs 1 lakh

    The on-road Bengaluru cost, meanwhile, is Rs 1.10 lakh.

    Published On Jun 15, 2021 06:57:00 PM


    TVS iQube price reduced to Rs 1 lakh

    TVS has just announced revised prices for its electric scooter, the iQube.

    • FAME II subsidy results in a drastic reduction 

    • It now costs Rs 11,250 less than before

    • The on-road price in Delhi is Rs 1 lakh

    A few days ago, a new amendment increased the FAME II (Faster Adoption and Manufacturing of Electric Vehicles in India) subsidy on electric two-wheelers by 50 percent to Rs 15,000 per kWh. This has resulted in significant price reductions of electric two-wheelers. For reference, the Ather 450X electric scooter sees its price decrease by Rs 14,500, as a result of this amendment. However, the Bajaj Chetak will not witness a price drop because it hasn't received FAME II approval. 

    TVS has revealed that its electric scooter, the iQube now costs Rs 11,250 less thanks to the subsidy. What this means is that the iQube on-road price in Delhi has gone down to Rs 1 lakh, while the on-road Bengaluru price is now Rs 1.10 lakh. Electric scooters are significantly cheaper in Delhi because they also received an additional state subsidy in that region.

    The company also recently announced that the TVS iQube will be available in over 20 cities in India by March next year. TVS has also signed an MoU with Convergence Energy Services to set up public charging infrastructure across the country.

    Also see:

    TVS Ntorq 125 available with no cost EMI scheme

    TVS Bikes

    Copyright (c) Autocar India. All rights reserved.



    No comments yet. Be the first to comment.

    Ask Autocar Anything about Car and Bike Buying and Maintenance Advices
    Need an expert opinion on your car and bike related queries?
    Ask Now

    Search By Bike Price

    Poll of the month

    Tata is considering separate showrooms for EVs, do you think all carmakers should do this?

    Yes, EV buyers have distinct needs



    Yes, it shows a strong commitment to EVs



    No, splitting showrooms creates inconvenience



    No, it will dilute the brand



    Total Votes : 706
    Sign up for our newsletter

    Get all the latest updates from the automobile universe