The Government of India is striving to promote the adoption of electric vehicles (EVs) in India. The recent amendment to the FAME-II (Faster Adoption and Manufacturing of Electric Vehicles in India) scheme is proof of their efforts. The new FAME-II scheme now gives manufacturers a subsidy of ₹15,000 per kWh as opposed to the ₹10,000 per kWh it provided earlier. Ather was the first OEM to pass a ₹14,000 price cut on their 450 Plus and 450X and now TVS is following suit with their iQube.
The TVS iQube which is currently available only in Delhi and Bangalore has received a price cut of ₹11,250/- in both cities. The effective on-road price for Delhi is ₹1.01L and that for Bangalore is ₹1.10L. Delhi state government’s mission to reduce pollution in the capital qualifies EV manufacturers for some additional subsidies hence the price difference.
This subsidy is a blessing in disguise for TVS as they plan to launch the iQube in 20 new cities. They will be able to target more customers with the new price. TVS has partnered with Convergence Energy Services Limited (CESL) to set up charging infrastructure in the 20 cities which include Pune, Mumbai, Hyderabad, Ahmedabad and Chennai.
Performance & Range
The iQube electric scooter is powered by a 4.4 kW electric motor that tops off at 78 kmph. Do note that the aforementioned top speed is available only in Sport mode. In total, the TVS iQube e scooter gets two riding modes, namely, Eco and Sport. As for the battery, it can be charged to 100 per cent in just about 5 hours. Finally, the TVS iQube riding range; the company claims the scooter can deliver a maximum riding range of 75 km on a single charge in Eco mode. In Sport mode, however, the range drops to 55 km per charge.
With the recent price cut, the iQube is now ₹40,000 cheaper than its closest rival, the Bajaj Chetak. The Chetak does not get a price cut as it has not yet got its approval under the FAME II scheme. The Bajaj Chetak Urbane is priced at ₹1.43L while the Premium is priced at ₹1.45L. The Ather 450 Plus and the 450X priced at ₹1.25L and ₹1.44L are also more expensive than the iQube even after the recent price revision.