TVS Motor Company has reduced the price of the iQube Electric scooter by Rs 11,250 in line with revision in subsidy under the FAME II Scheme. The electric scooter is now priced at Rs 1,00,777 in Delhi from Rs 1,12,027 earlier. The new pricing is in line with the recently announced revision in subsidy under the FAME II scheme by the government. The improved incentives would increase the penetration of electric two-wheelers in the country.
TVS Motor Company is a reputed two and three-wheeler manufacturer.