Following a significant wave of discounts on electric two-wheelers, particularly on e-commerce platforms such as Flipkart and Amazon, TVS has officially announced a substantial festive offer of up to Rs 27,000 on the iQube, valid until October 31, 2024.
Diwali Sale: What is the massive discount?
Aligning with the Government of India’s initiative to promote affordable electric vehicles (EVs) for increased market penetration, TVS Motor is offering substantial discounts across its iQube EV range. As per the official TVS Motor website, all iQube models are eligible for a Rs 10,000 discount under the new PM E-Drive initiative, except the iQube ST 5.1 kWh. The entry-level 2.2 kWh variant is available with rebates totaling Rs 27,300, which includes a cashback of Rs 17,300. The iQube 3.4 kWh and S 3.4 kWh variants come with a cashback offer of up to Rs 10,000 and an extended warranty of 5 years or 70,000 km, valued at Rs 5,999, respectively. The ST 3.4 kWh model is exclusively offered with the PM E-Drive incentive of Rs 10,000.
Apart from this, TVS Motor has partnered with HDFC and Bank of Baroda credit cards that offer discounts up to Rs 7,500 and Rs 10,000.
Diwali Sale: TVS iQube price range
| TVS iQube Variants | Price, Ex-showoom Bengaluru |
| iQube 2.2 kWh | Rs 1,17,299 |
| iQube 3.4 kWh | Rs 1,46,628 |
| iQube S 3.4 kWh | Rs 1,56,420 |
| iQube ST 3.4 kWh | Rs 1,65,555 |
| iQube ST 5.1 kWh | Rs 1,85,373 |
