TVS Motor Company, a global manufacturer of two-wheelers and three-wheelers, is leading the charge in electric vehicle (EV) adoption, achieving retail sales of 20,000 units in May 2023. This success follows the satisfaction of 100,000 customers in the previous financial year. To sustain this momentum, the company has unveiled new prices for the TVS iQube electric scooter, ensuring that the full burden of the FAME II subsidy revision is not passed on to customers.
TVS Motor is dedicated to supporting the Indian government’s vision of promoting electric mobility and developing the EV ecosystem in the country. Manu Saxena, Senior Vice President – Electric Vehicles at TVS Motor Company, expressed the company’s commitment to spearheading the EV transformation narrative in India. The milestone of 100,000 TVS iQube units sold in the last financial year demonstrates the strong and satisfied customer base of the company.
In order to prioritize customer satisfaction, TVS Motor will introduce a loyalty benefit program for customers who have booked the TVS iQube scooter until May 20, 2023. This program aims to alleviate the cost burden resulting from the revision in FAME II subsidy. Starting from June 1, 2023, new customers will also be able to avail the new prices without bearing the full burden of the FAME II revision when booking the vehicle.
The price increase for the TVS iQube after the FAME II revision, effective from June 1, 2023, will range from Rs. 17,000 to Rs. 22,000, depending on the variant. Furthermore, customers who have pre-booked the scooter before May 20, 2023, will receive an additional loyalty benefit. Detailed information regarding these benefits can be found on TVS Motor’s website.
The on-road Delhi bookings for TVS iQube and TVS iQube S, made until May 20, 2023, are listed as 1,16,184 and 1,28,849 units respectively. From May 21, 2023, onwards, the on-road Delhi bookings for these models will be priced at 1,23,184 and 1,38,289 units respectively. It’s important to note that these prices are valid for a limited period.
TVS iQube, in its journey towards a sustainable EV future, is guided by three core principles: providing customers with the power of choice in terms of range, connected features, chargers, and colors; ensuring complete peace of mind through adherence to the latest safety norms and a seamless purchasing experience leading to promised delivery; and offering the simplicity of operating the TVS iQube, which is impactful yet hassle-free. The scooter is currently available in 140 cities across India.