TVS Hikes Electric Scooter Prices: iQube and Orbiter Now Costlier
TVS Motor Company has introduced a fresh round of price revisions for its zero emission portfolio in the Indian market. Buyers planning to bring home a new electric scooter will now have to stretch their budgets, as the company has significantly increased the ex-showroom prices for its popular TVS iQube and the recently launched TVS Orbiter series.
The price adjustments vary widely based on the model, variant, and battery capacity, with some top end trims seeing hikes of over ₹10,000.
TVS Orbiter: The Steepest Price Bumps
The newly introduced TVS Orbiter lineup has taken the most noticeable hit in this round of revisions. The exact price jump depends on the specific variant and regional state taxes, but buyers across the country will feel the pinch.
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Orbiter V1: The base variant has seen a substantial price increase. Depending on the region, the V1 has witnessed a hike ranging from ₹3,700 up to ₹11,000, pushing its ex-showroom price up to approximately ₹99,250.
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Orbiter V2: The higher spec V2 variant experienced an even steeper revision. With increases reaching up to ₹13,580 in certain markets, the new price tag now hovers around ₹1.14 lakh to ₹1.18 lakh.
TVS iQube Range: Variant-Wise Price Updates
The TVS iQube, which has been a strong performer in the family electric scooter segment, has also received proportional price bumps across most of its battery configurations. The hike appears to be directly proportional to the battery size.
Here is the breakdown of the revised pricing for the iQube lineup:
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iQube 2.2 kWh: The entry level model saw a moderate increase of ₹5,000, bringing its new price to ₹1.16 lakh.
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iQube 3.1 kWh: Interestingly, the price for the mid-tier 3.1 kWh variant remains unchanged at ₹1.33 lakh.
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iQube 3.5 kWh: This variant saw one of the sharpest jumps in the iQube family, getting dearer by ₹9,000 for a new price tag of ₹1.42 lakh.
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iQube S (4.7 kWh): The premium 'S' trim has become costlier by up to ₹6,000, now retailing at ₹1.61 lakh.
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iQube ST (5.3 kWh): The flagship ST model with the largest battery pack witnessed a massive hike of ₹10,400, bringing its ex showroom price to ₹1.75 lakh.
Why Are EV Prices Going Up?
While TVS has not released a detailed public statement outlining the precise reasons for the model wise hikes, industry trends point to a combination of external economic factors. Rising input costs, fluctuations in battery raw material pricing, and ongoing supply chain constraints are the primary drivers behind the escalating costs of electric two-wheelers.
Despite the price bump, TVS has not introduced any new mechanical updates, battery capacity upgrades, or feature additions to the current iterations of the iQube and Orbiter.
