Chief Guest Debasish Mishra, Dy. GM, SBI; unveils the new variants from TVS
Interest paid on bank finance for electric two-wheelers is exempted from Income tax
3 units electricity consumption costing Rs 20/- gives 100 kms mileage
Has smartphone connectivity features
Hyderabad, 23rd May 2022: Nanesh Automotives Pvt Ltd., Hyderabad’s leading TVS dealership with new CI norms; announced the launch of the latest series of TVS iQube electric scooters. Chief Guest Debasish Mishra, Deputy General Manager, State Bank of India; unveiled the three variants of Standard TVS iQube, TVS iQube S, and the top-spec TVS iQube ST, at NANESH TVS at Tadbund junction, Secunderabad.
Mr Vivek Jain, Director, Nanesh Automotives Pvt Ltd., was present on the occasion.
The newly launched updated TVS iQube electric scooters from the TVS Motor Company, come as a series consisting of three variants of standard TVS iQube, TVS iQube S, and the top-spec TVS iQube ST. The iQube base model and iQube S model give a mileage of 100 kms and the top-spec ST model gives a mileage of 140 kms.
These electric scooters can reach acceleration from 0-40 kmph in less than 5 seconds. The ST variant can achieve a top speed of 82 km/h while the others can achieve a top speed of 78km/h.
The daily running cost of new electric scooters is around Rs 3 per day, for an average daily commute of 20 km.
Electric scooters price in Hyderabad
The base model is priced at Rs.1,08,556 /- (Ex-Showroom Hyderabad, including FAME subsidy), while the price of the other two models is yet to be announced.
Debasish Mishra speaking on the occasion said, this is one of the greatest initiatives in the green journey of the country, here we are getting rid of the fossil fuel as we will not be burning fossil fuel and the best part is for Rs 20/- you can ride 100 kms on TVS iQube electric scooters, which normally costs Rs 1000/- if it is petrol, which is enormous cost saving. All the concerns of climate change and global warming are due to the burning of fossil fuels, therefore as soon as possible we should adopt the green initiative of the country. There is also an Income tax benefit for the loan you take from the bank for buying these vehicles. The interest that is paid on it will have an income tax exemption, that’s again a government’s initiative to promote electric vehicles. This green solution will go a long way for India to tide over the geopolitical crisis, and our dependence on imported fuel and will strengthen our economy. This launch is welcomes green energy and green initiative. Our country is actually fighting inflation because of the imported fuel prices, Electric vehicles is the solution not only to control inflation but also to take it to a cleaner and green energy system. According to TVS representatives, just 3 units gives 100 kms mileage, that means just Rs 20/- worth of electric units achieve what petrol costing Rs 1000/- give. Also when the bank finances the vehicle, the interest paid towards the loan is exempted from Income tax, that’s a very good initiative from the Government of India. I request everyone to buy electric vehicles for the country to have a greener and clean energy system.
Mr Ravi Kiran, Zonal Manager, TVS, AP & TS; said, we launched the TVS iQube electric scooters, with an 100km range pan India through 85 dealers. The response has been overwhelming till now and pan India we are doing very well in terms of numbers. This upgraded version has 100km range, earlier it was 75 kms range. One needs to charge for 4.30 hours, the electricity consumption will be 3 units, which will in turn cost around Rs 20/- and can travel around 100 kms with that charge, approximately 20 paise per kilometre. As per the consumer feedback, we enhanced the range to 100 kms and offered three more colour options. It has got smartphone connectivity features where you can track your vehicle, last parking location, antitheft with an alert, geofencing and several other connectivity features. It has an Infotainment feature, you can switch on and off the music, and increase and reduce volume. In Hyderabad we have five dealers, you can visit the showrooms and have a look at it. The current waiting period for these models is 120 days.
All this information is given in a press release.