Key Highlights
- TVS iQube e-scooter range prices revised
- End of Fame II subsidies increase prices
- Prices hikes in a nominal range
Its seems that the offers on E2Ws are coming to end. TVS Motors is amongst the first brands to announce price hike for its iQube e-scooter range. The price revisions for the TVS iQube e-scooter lineup comes in effect with the latest EMPS scheme. Let’s take a look at the latest prices of the TVS iQube lineup in India:
TVS iQube ST Electric Scooter Updated India Prices
| TVS iQube Model | Old Price With Fame II Subsidy | New Price Under EMPS Scheme |
| iQube ST | Rs. 1.34 lakh (ex showroom) | 1.36 lakh (ex showroom) |
| iQube S | 1.40 lakh (ex showroom) | Rs. 1.46 lakh (ex showroom) |
Both TVS iQube ST and the iQube S has received a price hike with the end of Fame II subsidies. The prices are being updated under the EMPS scheme which is the new EV subsidy program announced by the Indian government for the year 2024. While the prices are increased, the differences aren’t significantly higher.
The TVS iQube ST model which was retailing for around Rs. 1.34 lakh (ex showroom) with the Fame II subsidy will now be selling at around Rs. 2,200 more at Rs. 1.36 lakh (ex showroom). On the other hand, the affordable TVS iQube S variant has received a significant price hike of up to Rs. 6,000. This model has been retailing at around 1.40 lakh (ex showroom) with the Fame II subsidy has now received a revised price of Rs. 1.46 lakh (ex showroom). As mentioned, these new prices for both the models are in effect with the EMPS scheme.
Also Read: Okaya EV’s Ferrato Bringing Two New Electric Motorcycles, One E-Scooter In India
Any Impact On Sales?
The updated prices for the iQube ST and the iQube S electric scooter might not have a major impact on the sales. Considering the new prices are breaking budgets for the consumers. Also, we will possibly see this trend of price hike with other popular e-scooter models this year. Therefore, it should hardly disrupt the sales figure if the brand maintains the premium user experience with its product range.
