TVS Motor Company, one of the leading manufacturers, has joined the growing list of companies revising the prices of their iQube electric scooter. While the exact amount of the price increase has not been revealed yet, it is expected to be in the range of Rs 17,000-Rs 22,000, varying based on the variant. The manufacturer's website has not been updated to reflect the new prices, and it is anticipated that the process will take a few days to complete.
TVS Motor's Commitment to Electric Mobility:
KN Radhakrishnan, the director and CEO of TVS Motor Company, expressed that the FAME II subsidy is gradually decreasing over the coming quarters. However, TVS Motor remains committed to providing customers with delightful product options and a great value proposition in order to promote the electrification and adoption of green energy in the two-wheeler segment across the country.
Loyalty Benefit Program for Existing Customers:
In line with their customer-centric approach, TVS Motor Company has announced a loyalty benefit program for customers who have made bookings for the TVS iQube electric scooter until May 20, 2023. This program aims to alleviate the cost burden for customers following the revision in the FAME II subsidy. The loyalty benefit program will be available for a limited period.
New Customers to Avail Revised Prices:
Starting from June 1, 2023, new customers will also be able to benefit from the revised prices without bearing the full burden of the FAME II subsidy revision. This move is aimed at encouraging new customers to embrace electric mobility and make the transition to eco-friendly alternatives.
Conclusion:
With the revision in prices, TVS iQube electric scooter is expected to become costlier, with an estimated increase ranging from Rs 17,000 to Rs 22,000 depending on the variant. However, TVS Motor Company remains committed to providing valuable options for customers and supporting the growth of electric mobility and green energy adoption in the Indian two-wheeler market. The loyalty benefit program for existing customers and the availability of revised prices for new customers starting from June 1, 2023, demonstrate TVS Motor's dedication to customer satisfaction and promoting sustainable transportation solutions.
