FAME II subsidy impact: TVS revises IQube prices by Rs 17,000-20,000
TVS Motor Company on Thursday increased the price of its TVS IQube scooter by Rs 17,000 to Rs 20,000 depending on the variant, making the announcement after the government’s FAME II programme revised subsidies for electric two-wheelers (E2W).
SoftBank-backed Ola Electric and Ather Energy increased prices of their scooters earlier, reports said. Ola Electric is reportedly increasing the prices of its S1 and S1 Pro scooters by Rs 15,000 each.
“TVS Motor is spearheading the EV transformation narrative in the country. Backed by this electrification journey, TVS iQube recorded a sales milestone of 1,00,000 units for its range of scooters in the last financial year.
