Following the recent announcement revision of the subsidy under the FAME II scheme by the government, TVS Motor Company revised the price of its electric scooter, the iQube Electric.

The iQube Electric now costs Rs 11,250 less. From Rs 112,027 in New Delhi, the ecological scooter now costs Rs 100,777 in the capital. And in Bangalore, prices went from 121,756 to 110,506 Rs.

Launched in January 2020, the iQube Electric sold 62 units in FY2020, 1,061 units in FY2021 and 307 units in April 2021.

Commenting on the revised FAME II grant, Sudarshan Venu, Deputy General Manager of TVS Motor Company, said, “We welcome the government’s continued support for electric vehicles. Sustainable mobility solutions are very important for the future and TVS is investing heavily in this direction. Improved incentives for electric two-wheelers will increase penetration. Such political orientation should lead to the local development of future technology. “

Financial year 2021 1,061

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