After 43 months of dedication and exhausting work, it is a vital accomplishment
The TVS iQube from TVS Motor receives lots of consideration for its distinctive efficiency and companies. It is among the best electrical scooters obtainable. The corporate is now proud to announce its newest achievement, which is certain so as to add to its already spectacular popularity. Primarily based on the studies of Vahan, the Autocar Skilled has make clear the gross sales figures the corporate has achieved in its profitable historical past.
Since January 2020 till now, TVS has been elated to witness exceptional gross sales figures. TVS Motor Co’s iQube electrical scooter has offered over 150,000 items in India, with 154,263 offered as of July 22. Manufacturing particulars for July 2023 can be introduced in mid-August. iQube’s success showcases the rising demand for eco-friendly transportation in India.
TVS iQube was launched in January 2020, coinciding with the Bajaj Chetak launch. It took 43 months for the e-scooter to succeed in 150,000 gross sales in India. Its highest gross sales efficiency was recorded in FY2023, with 96,654 items offered. It was simply shy of 100,000 gross sales with 3,346 items.
TVS iQUBE SALES IN INDIA SINCE LAUNCH
(supply: Vahan)
FY
UNITS
2020 (JAN-MARCH ’20)
62
2021
1061
2022
10773
2023
96654
2024 (APRIL-JUNE ’23)
38602
JULY ’23 (RETAIL TILL 22ND)
7111
TOTAL
154263
TVS iQUBE PRODUCTION FIGURES
(Supply: SIAM)
FY
UNITS
2020 (JANUARY-MARCH ’20)
134
2021
1035
2022
10798
2023
97808
2024 (APRIL-JUNE ’23)
37534
TOTAL
147309
TVS offered 38,602 items within the first three months of the fiscal 12 months 2024. It is a vital enhance of 342% in comparison with the identical interval final 12 months. This contains 6,227 items accomplished in April 2023, 17,913 items in Could 2023, and 14,462 items in June 2023. General, since its launch in January 2020 till June 2023, iQube has offered 147,192 items. That is simply 2,808 items away from 150,000 items.
As of July 22, 2023, the most recent retail gross sales information from Vahan signifies that the TVS iQube has exceeded the 150,000 unit gross sales mark, with 7,111 items offered to date. On August 1st, TVS Motor Co plans to formally announce iQube’s wholesale figures. Notably, June’s retail gross sales alone reached 7,848 items. These statistics counsel that iQube has achieved greater than 100,000 gross sales in India in simply 4 months, representing a major milestone for the corporate.
TVS Motor Co, together with different electrical two-wheeler producers, confronted a decline in gross sales beginning in June 2023. This was as a result of discount in FAME II subsidy from 40% to fifteen%. In Could 2023, iQube skilled its highest month-to-month retail gross sales of 20,253 items. Prospects made early buy selections in anticipation of the value enhance on June 1.
Refreshed mannequin boosts gross sales
The iQube skilled a surge in demand in FY2023 following the launch of its up to date model. This boasted enhanced options and capabilities in Could 2022. In consequence, gross sales elevated considerably. This culminated within the scooter being awarded the celebrated ‘Inexperienced Two-Wheeler of the 12 months’ award on the Autocar Awards in 2023.
There are three variations of the TVS iQube obtainable on the Indian EV market: the iQube, the iQube S, and the iQube ST. After the FAME II subsidy discount (from 40% to fifteen%) and state subsidies, the on-road worth in Delhi for the iQube and iQube S ranges from Rs 117,000 to Rs 124,000. It’s worthwhile to notice that earlier than June 1, 2023, the on-road worth for these two variants in Delhi was considerably decrease at Rs 98,564 and Rs 108,690, respectively.
The most recent iQube ST model presents a 140km vary on a single cost. That is virtually twice the gap the first-generation mannequin may journey. The up to date iQube mannequin nonetheless has its all-LED lights and 12-inch wheels, but in addition has new connectivity options. These options are pushed by completely different TFT instrument clusters, which differ relying on the mannequin you select. The iQube entry-level mannequin has a 5-inch unit that helps turn-by-turn navigation, whereas the iQube S has a bigger 7-inch TFT cluster that gives music controls and theme personalization. The highest-end ST variant has a 7-inch touchscreen instrument cluster that can also be prepared for OTA updates and presents voice help.
TVS Motor Co has expanded the retail community for its iQube e-scooter since its launch. At present, the iQube is on the market in over 140 cities and round 310 touchpoints throughout India. As a part of its ongoing efforts to extend market penetration, TVS Motor Co has set a purpose of increasing the iQube showroom community to almost 600 touchpoints by the top of this 12 months.
The esteemed firm is devoted to offering ease and comfort to iQube homeowners. At present, they’ve entry to an unlimited community of over 2,000 charging factors. These charging factors could be availed of by the extensively acclaimed TVS iQube cell utility, which is seamlessly built-in with varied famend charging companions.
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