TVS iQube Electric Scooter Price Hiked: Here’s The New Price

  • Published April 4, 2024
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It looks like a fair bit of the increase in price has been absorbed by TVS, resulting in only a nominal price increase for the e-scooter

TVS iQube Price Increase

Prices for the TVS iQube electric scooter range have now increased thanks to the end of the FAME 2 (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) subsidy in March 2024. Despite the inclusion of the new EMPS 2024 (Electric Mobility Promotion Scheme) subsidy, the scooter is costlier than before because EMPS doesn’t give as much of a subsidy as FAME 2 

TVS iQube Model

Old Ex-showroom Price without FAME 2

Old Ex-showroom Price without EMPS

FAME 2 Subsidy Amount

EMPS Subsidy Amount

Old Final Price

New Final Price

Final Price Difference

iQube STD

Rs 1,55,553

Rs 1,46,628

Rs 21,131

Rs 10,000

Rs 1,34,422

Rs 1,36,628

Rs 2,206

iQube S

Rs 1,62,090 

Rs 1,56,420

Rs 22,065

Rs 10,000

Rs 1,40,025

Rs 1,46,420

Rs 6,395

The iQube Electric STD now costs Rs 1,36,628, whereas the iQube Electric S is now available at Rs 1,46,420 (both prices ex-showroom Bengaluru including EMPS subsidy). However, looking at the difference in ex-showroom prices without the subsidies, it looks like TVS has absorbed some of the amount – Rs 8,925 in the STD and Rs 5,670 in the S variant. This resulted in a nominal price increase of Rs 2,206 for the iQube STD and Rs 6,395 for the iQube.

The TVS iQube goes up against other premium electric scooters like the Ather 450X, Hero Vida V1 range, Ola S1 Pro, Bajaj Chetak and the upcoming Ather Rizta.

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