Udayavni Special

TVS Motor cuts price of iQube Electric scooter by Rs 11,250


PTI, Jun 15, 2021, 6:30 PM IST

New Delhi: TVS Motor Company on Tuesday said it has reduced the price of 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, TVS Motor Company said in a statement.

The improved incentives would increase the penetration of electric two-wheelers in the country, it added.

Last week, the government made a partial modification of the scheme for Faster Adoption and Manufacturing of Electric Vehicles in India Phase II (FAME India Phase II), including increasing the demand incentive for electric two-wheelers to Rs 15,000 per KWh from the earlier uniform subsidy of Rs 10,000 per KWh for all EVs, including plug-in hybrids and strong hybrids except buses.

In the latest modification, the department of heavy industries also capped incentives for electric two-wheelers at 40 per cent of the cost of vehicles, up from 20 per cent earlier.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Mumbai cops save Kerala man who hinted about suicide on Twitter

China, India miss UN deadline to update emissions targets

CM directs dists bordering Kerala to take up spl surveillance measures

Ajendra Shetty murder case: Police arrested prime accused

Likely to get message from BJP high command in 2 days on cabinet expansion: Bommai

1,987 new COVID-19 cases, 37 deaths in Karnataka

Women’s hockey enters QFs for 1st time in 41 years


Related Articles More

CESL inks pact with HPCL for EV charging points in metro cities across India

Govt looking for prospects about green hydrogen as potential transport fuel, says Min Gadkari

Tata Motors launches Tata Ace trim with price starting at Rs 3.99 lakh

Hyundai pitches for import duty cut on EVs

Bajaj Auto, Pierer Industrie AG to rejig shareholding in KTM

MUST WATCH

DC G Jagdish talked covid case in udupi

Accused should be punished

COMEDY KHILADIGALU’S RAKESH POOJARY ON HIS BBM DEGREE

WHY AGRICULTURE IS A BETTER PROFESSION THAN ANY OTHER JOBS?

Cattle thief at koppa

Latest Additions

Shiradi ghat tunnel work to start soon?

Mumbai cops save Kerala man who hinted about suicide on Twitter

China, India miss UN deadline to update emissions targets

CM directs dists bordering Kerala to take up spl surveillance measures

Ajendra Shetty murder case: Police arrested prime accused

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.