TVS iQube prices to be hiked post FAME-II subsidy cut

TVS is the latest in the growing list of manufacturers to revise the prices of its iQube electric scooter. Currently, the manufacturer hasn’t revealed the exact amount by which the e-scooter’s prices will increase, but it will be in the range of Rs 17,000-Rs 22,000, depending on the variant. The manufacturer’s site isn’t updated yet to show the new prices and we’ve been told the entire process will take a couple of days. 

KN Radhakrishnan, director and CEO, TVS Motor Company, said, “FAME II will gradually reduce over the next few quarters. TVS Motor will continue to deliver delightful product options and great value proposition to propel the electrification and green energy penetration in two-wheelers in the country. In line with TVS Motor’s commitment of being customer centric, the company will offer a loyalty benefit programme for the customers of TVS iQube who have made bookings till May 20, 2023, for a limited period to ease the cost burden post the revision in FAME II subsidy. Additionally, new customers can also avail new prices without having to bear the full burden of FAME II revision on booking the vehicle starting June 1, 2023.”