Since launching its well-liked iQube electric scooter in 2020, TVS has consistently placed in the top three in terms of monthly EV sales. We now know that the corporation is developing a new, low-cost EV model that will probably be released before the holidays and fall below the iQube.
- One of the best-selling EVs in India is the TVS iQube.
- Pricing is anticipated to be in the neighborhood of the base iQube 2.2 or below.
- Jupiter CNG is also getting ready to enter the market.
TVS is developing an entry-level EV.
Before the holiday season, the launch is planned, with a base price of iQube Ballpark.
With five distinct models available across three battery capacities, the TVS iQube boasts one of the most extensive lineups in the electric scooter market. The iQube’s price ranges from over Rs 1 lakh for the smallest 2.2 kWh model to almost Rs 2 lakh for the top-of-the-line 5.1 kWh model. We have been informed that the new TVS electric scooter will sit beneath the iQube, so it makes sense to anticipate a smaller battery, simpler components, and fewer functions.
Manufacturers are under pressure to release newer goods at competitive price points due to dwindling government subsidies and rising inflation, and TVS appears to be accomplishing just that with its new entry-level electric scooter. Although there are currently few specifics available, it is expected that this new TVS EV will use a hub-mounted motor (supplied from Bosch), similar to the iQube. To keep costs down, it will probably be a straightforward, no-frills model.
Insiders claim that TVS wants to launch its entry-level electric scooter before the holidays in order to take advantage of consumer demand and launch its new product quickly. It’s unclear exactly where it stands in the market right now, but we anticipate it to be in the vicinity of Rs 90,000–1 lakh (ex-showroom). The business will most likely accomplish this by providing either the same 2.2 kWh battery pack or a little smaller one, along with simpler features than the iQube.
Although the name of the entry-level TVS e-scooter is still unknown, considering how well-known the Jupiter brand is, it is extremely likely. This year, TVS is also planning on launching the Jupiter CNG scooter, which would make it the first two-wheeler brand to offer gasoline, CNG, and electric versions.
Another hypothesis is that this type is the XL moped’s electric counterpart. The electric moped may be introduced under the designations XL EV and E-XL, for which TVS has filed patents. The TVS moped has historically offered a good value proposition, and the XL 100 is currently the most reasonably priced ICE two-wheeler available in India. Whether the forthcoming TVS EV joins the Jupiter, XL, or iQube lineups or establishes a whole new brand is still up in the air.
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