TVS iQube Price Increased by Rs. 22,000 Due to the Removal of FAME II Subsidies; View the Most Recent Price
Future-focused sustainable mobility solutions are a focus for TVS Motor Company, a well-known worldwide producer of motorbikes and three-wheelers.
The company’s image is completely consistent with the Indian government’s goal of boosting electric transportation. Additionally, it is actively assisting them in their attempts to broaden the use of electric cars and improve the ecology around them throughout the nation.
TVS Motor Company is making tremendous strides in sustainable electrification as part of its dedication to customer satisfaction. Following the modification to the FAME II subsidy, the price of the TVS iQube would rise starting on June 1, 2023 by a sum ranging from Rs. 17,000 to Rs. 22,000, depending on the individual configuration.
After all of that, the TVS iQube is now on sale for Rs. 1.68 lakhs (ex-showroom). In contrast, the TVS iQube S is available at Rs. 1.69 lakhs (ex-showroom).
Additionally, clients who booked their reservations before to May 20, 2023, would be entitled to a special loyalty incentive. The company’s website will soon include comprehensive information regarding this offer, so those who are interested are welcome to visit and learn more.
The Director and CEO of TVS Motor Company, KN Radhakrishnan, proudly said, “TVS Motor is leading the way in the electric vehicle transition story in our country. Our TVS iQube brand of scooters reached a sales milestone of 1,00,000 units in the most recent fiscal year, demonstrating the strength and satisfaction of our client base. TVS iQube sold over 20,000 units in May 2023 alone, and we continue to have a strong booking backlog with over 30,000 units on order.
“The FAME II subsidy will gradually reduce over the next few quarters,” Radhakrishnan said. To promote the electrification and penetration of green energy in the country’s two-wheeler market, TVS Motor will continue to provide enticing product alternatives and a superior value proposition. As part of our customer-centric strategy, the business will launch a limited-time loyalty incentive program for clients who have reserved the TVS iQube until May 20, 2023. This will lessen the financial strain caused by the FAME II subsidy change. Additionally, when reserving a vehicle beginning on June 1, 2023, new customers will be able to take advantage of the improved costs without experiencing the full effects of the FAME II amendment.
The amazing electric car, TVS iQube, adheres to three key criteria. Customers may choose from a variety of ranges, linked features, chargers, and colors. In addition, it stresses prompt delivery, the most recent safety requirements, and a hassle-free shopping experience. Last but not least, it makes running the TVS iQube simple, easy, and efficient. Since this scooter is presently offered in 140 Indian cities, more individuals may now enjoy sustainable transportation.
