Electric scooters are revolutionizing urban mobility in India, and the TVS iQube stands as one of the most compelling options in the market. If you're considering making the switch to electric, understanding the exact financial commitment is crucial. Here’s a detailed breakdown of the TVS iQube's pricing and EMI structure to help you plan your purchase.
TVS iQube Variant-Wise Ex-Showroom Pricing
The TVS iQube is available in several variants to suit different needs and budgets. The pricing is competitive and positions it squarely against rivals like the Ather 450S and Ola S1 Air.
- iQube STD: Priced at ₹1,17,499
- iQube S: Priced at ₹1,33,499
- iQube ST: Priced at ₹1,38,499
The higher-end S and ST variants come with additional features like a larger 7-inch TFT touchscreen, Bluetooth connectivity, and enhanced styling, justifying the price increment.
Your Complete EMI Breakdown
Financing an electric vehicle has never been easier. With attractive loan options, owning an iQube is within reach for many. The following EMI calculations are based on a 10% down payment and a 3-year loan tenure.
For the iQube STD (₹1,17,499)
- Down Payment: Approximately ₹11,750
- Loan Amount: ₹1,05,749
- Estimated Monthly EMI: Starts from ₹2,499
For the iQube S (₹1,33,499)
- Down Payment: Approximately ₹13,350
- Loan Amount: ₹1,20,149
- Estimated Monthly EMI: Starts from ₹2,899
For the iQube ST (₹1,38,499)
- Down Payment: Approximately ₹13,850
- Loan Amount: ₹1,24,649
- Estimated Monthly EMI: Starts from ₹2,999
Please note: The final EMI can vary based on the lender, your credit score, and the exact interest rate offered.
Is the TVS iQube a Smart Financial Move?
Beyond the initial price, owning an electric scooter like the iQube leads to significant long-term savings.
- Low Running Cost: Charging the iQube costs a fraction of what you would spend on petrol for a conventional scooter.
- Reduced Maintenance: With fewer moving parts, electric vehicles require less frequent servicing, saving you money on oil changes and engine maintenance.
- Government Incentives: State-level EV policies often offer additional subsidies and road tax exemptions, further reducing the effective cost of ownership.
When you factor in these savings, the slightly higher upfront cost of an electric scooter compared to a petrol model can be quickly offset.
The Final Verdict
The TVS iQube presents a strong case for itself in the growing Indian electric scooter segment. With clear variant differentiation and accessible EMI plans that bring monthly payments into the range of a few thousand rupees, it demystifies the process of going electric. Before you visit the showroom, use this price and EMI breakdown to assess your budget and ride away on the iQube variant that best suits your lifestyle and wallet.
