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TVS iQube scooter prices fall, Modi government’s decision on FAME 2 scheme yields results

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The prices of TVS iQube, an electric scooter from TVS Motor Company, have come down significantly. The company on Tuesday said it has reduced the prices of its iQube electric scooter in line with the change in subsidy under the FAME 2 scheme. Recently, the Central Government had partially amended the Faster Adoption and Manufacturing of Electric Vehicles in India Stage 2 FAME India 2 scheme. After which the company has announced a cut in the price of its electric scooter.

The company has informed that the TVS iCube electric scooter has now become affordable by Rs 11,250. Now the price of this electric scooter in Delhi has gone up to Rs 1,00,777. Earlier its price was Rs 1,12,027. At the same time, its price in Bangalore has now gone up to Rs 1,10,506, which was Rs 1,21,756 earlier. The company said in a statement that the new price is in line with the recent announcement made by the government regarding changes in subsidy under the FAME 2 scheme. This will help in increasing the sales of electric two wheelers in the country.

Commenting on the revision of FAME 2 subsidy, Sudarshan Venu, Joint Managing Director, TVS Motor Company said, “We welcome the Government’s continued support to electric vehicles. Sustainable mobility solutions are very important for the future and TVS on this. Is investing a lot. Better incentives for electric two wheelers will increase its penetration. Such a policy direction should lead to indigenous development of future technologies.”

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Improved version of Hyundai Creta launched in Indian market: Check it out here

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Hyundai India launched the much-awaited Creta Knight Edition in the country at a starting price of Rs 13.51 lakh (ex-showroom, all-India). This new variant is available in both petrol and diesel engine options and can be had either with a manual or an automatic transmission unit. To read more about the Creta Knight Edition, click here. In addition to this, the company has also introduced a model-year update for the Hyundai Creta with new feature additions.

The 2022 Hyundai Creta is now available in a new Denim Blue colour option and the Highline TPMS is now standard across all variants. The SX (O) trim now also gets a glossy black centre console. Furthermore, the company will offer the iMT option on the 1.5-litre petrol ‘S’ variant to further expand choices for the customers. The new S+ variant powered by a 1.4-litre T-GDi petrol engine with 7DCT now gets an additional set of features, such as –

– Smart panoramic sunroof

– 16-inch black alloy wheels

– Smartphone wireless charger

– Rear Disc Brakes

– Electronic Stability Control (ESC)

– Vehicle Stability Management (VSM)

– Hill start assist control (HAC)

– Paddle shifters

– Metal pedals

– Electric and auto-folding ORVMs

– Power window auto up/down

Mechanically, the SUV continues to be powered by the existing petrol and diesel engine options.

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