TVS Motor Company has updated the price of the iQube electric scooter with a bundled charger on its website.Updated prices are now reflected on the company’s website, from ¥166k for the standard variant, rising to ¥iQube S 168,000 (all prices are pre-showroom prices in Bangalore, without FAME II subsidies).the price has risen ¥9,000 for both models.
Once you add the FAME II subsidy ¥51,000, the retail price of TVS iQube Standard Edition is ¥121,000, while the retail price of iQube S is ¥132,000 (road, Bangalore has subsidies). Prices now include the bundled 650-watt charger.But the iQube S is much more expensive and requires additional software upgrades ¥9,440 is over and above the ex-showroom cost.
Also read: Recently purchased a TVS iQube?This is the refund amount
The TVS iQube has a 650-watt charger bundled with the fee, previously charged separately
Previously, the TVS iQube was sold with an external charger billed as a separate unit. So despite having two invoices, the customer still pays the same amount. However, fees are now bundled as directed by the FAME II policy. The factory cost of the iQube is still lower than ¥150,000 (ex-works) threshold, making it eligible for the subsidy.
Earlier this month, TVS Motor Company joined Ola Electric, Ather Energy and Hero MotoCorp’s Vida in announcing refunds to customers who charged their portable chargers extra.Under the goodwill benefit plan, payments in excess of ¥They have a vehicle purchase limit of Rs 1.5 lakh and are eligible for a refund.The average refund amount is approximately ¥1,700 per vehicle, the company confirmed. TVS has the lowest refund amount, and the total impact is said to be approximately ¥15-16 million.
First published date: May 10, 2023 at 17:15 PM CST
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