KEY HIGHLIGHTS
- iQube electric will get affordable variants soon
- New variants will be equipped with fewer features
- Launch possible around the festive season this year
TVS iQube electric scooter is all set to receive a range expansion. As per the latest statement by the top officials, the iQube scooter will get more affordable versions very soon in India. These new variants will be priced aggressively as per the market rivals. Read the complete details about the upcoming variants of iQube and what these possibly are. Also, before you proceed to scroll down and read further details, make sure to join our 91Wheels WhatsApp Group for all the latest automotive updates.
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TVS iQube New Variants: Cheaper Yet Practical?
During the recent earnings call, Mr KN Radhakrishnan, Director and CEO of TVS Motors, told the investors that the iQube scooter range will be expanded this year. This expansion will be based on the addition of new affordable variants. Revealing not many details, the CEO informed that the new variants will be aggressively priced to meet the competitive market demands. Additionally, the battery pack and range of these variants will be less than the current variants.
Not long ago, the FAME 2 subsidy was suspended and replaced by the EMPS 2024 scheme. Due to this, the prices of major EVs hiked steeply. However, it is the iQube that managed to keep the price hikes minimal. Additionally, it is the second best-selling electric scooter in India due to its balanced price proposition. With the new variants, TVS is expected to take the brand one step ahead of its competition.
The current iQube models start from Rs 1.36 lakh and go up to Rs 1.46 lakh. With the new variants on the chart, the starting price can very well drop as low as Rs 1 lakh. If so, TVS would be able to compete with rivals like Ola S1 Air and the upcoming Bajaj Chetak affordable variant. In terms of changes, a smaller battery pack and fewer features like an LCD console with limited connected features shall be offered with these new variants.
Also Read: Bajaj Pulsar NS400Z Fuel Economy Revealed: Biggest Pulsar Ever!
Verdict
TVS has been eyeing on the EV two-wheeler segment for long. While it took time for the iQube to gain traction among the Indian audience, it is now selling as a proven product. The new variants will add to the felxibility of the TVS EV portfolio, further expanding the iQube brand in a positive direction.
