Bike will have a small battery pack
Features will be less
Base models are launched due to reduction in Fame II subside
TVS is all set to get a new iQube base model with small battery pack and low cost against the Ather, Bajaj and ola. TVS is the second highest seller in the premium two-wheeler EV market. To counter the space, which was reduced due to changes in fame 2 subside, many manufacturers are coming up with affordable models by getting smaller battery packs, lesser features and giving affordable EV to the masses. Revisions in FAME II subsidy include a reduction in subsidy per kWh from Rs. 15,000 to Rs. 10,000. Also, this revision brings a 15% cap for subsidies with respect to their ex-sh prices. This was pegged at 40% earlier. And is a primary reason why manufacturers are turning towards less expensive electric scooters. TVS iQube has two variants of its popular iQube scooter. The base Standard iQube variant and mid-spec iQube S variant. The new base model will have a smaller battery pack, less then 3Kw. A LCD console to cut the price, and a range not less then 80kms.