TVS Motor Company, a renowned global manufacturer of two-wheelers and three-wheelers, continues to showcase its dedication to sustainable future mobility solutions. This aligns with the Government of India’s vision to promote electric mobility and TVS Motor’s commitment to supporting this initiative by facilitating the rapid adoption of electric vehicles and the development of the overall electric vehicle ecosystem in the country.
KN Radhakrishnan, Director and CEO of TVS Motor Company, stated, “TVS Motor is at the forefront of the electric vehicle transformation in the country. As part of this electrification journey, TVS iQube achieved a significant sales milestone of 100,000 units for its range of scooters in the last fiscal year, demonstrating the loyalty of our satisfied customers. In May 2023, TVS iQube surpassed 20,000 retail units and continues to maintain a robust booking pipeline of over 30,000 units.”
He further added, “Over the next few quarters, FAME II (Faster Adoption and Manufacturing of Electric Vehicles) incentives will gradually reduce. However, TVS Motor will continue to offer delightful product options and attractive value propositions to drive electrification and the penetration of green energy in the two-wheeler segment. In line with our customer-centric approach, the company will introduce a loyalty benefit program for customers who have booked the TVS iQube until May 20, 2023, for a limited period, to ease the cost burden following the revision in the FAME II subsidy. Additionally, new customers will also be able to avail the new prices without bearing the full impact of the FAME II revision upon booking the vehicle starting from June 1, 2023.”
“Taking our sustainable electrification journey forward while prioritizing customer satisfaction, after the FAME II revision, the price increase for TVS iQube from June 1, 2023, will range from Rs. 17,000 to Rs. 22,000, depending on the variant. TVS Motor is also extending an additional loyalty benefit to customers who have pre-booked the scooter before May 20, 2023. Further specifics and details about this initiative will be available on our website soon,” said Manu Saxena, Senior Vice President – Electric Vehicles, TVS Motor Company.
In pursuit of this exciting electric vehicle journey, TVS iQube is guided by three core principles: empowering customers with a wide POWER OF CHOICE in terms of range, connected capabilities, chargers, and colours; ensuring complete PEACE OF MIND regarding vehicle safety by adhering to the latest norms and offering a seamless purchasing experience that includes on-time delivery; and delivering the SIMPLICITY OF OPERATING the TVS iQube, which is both impactful and hassle-free. Presently, the scooter is available in 140 cities across India.
