TVS iQube: TVS Motors has released the sales figures of its iQube electric scooter. The company has sold a total of 7,791 electric scooters in the last June month. Compared to May 2023, there has been a huge decline in the sales of iQube. For information, let us tell you that in May, TVS had sold 20,254 units of iQube, in comparison to which a decline of about 12,500 units has been recorded in the month of June.
Along with TVS, Ather Energy, Ola Electric, Hero Electric, Okinawa, Ampere have also seen a huge decline in sales. If we look at the sales figures of electric two-wheelers in May 2023, 1,04,755 units were sold while in June 2023 this figure has come down to less than half with 45,734 units.
Why the decline in sales?
The reason for the decline in electric scooters sales is being attributed to the reduction in subsidy under the FAME-2 scheme. The Central Government has reduced the subsidy on electric two-wheelers from June 1, 2023. This has been the reason that in May 2023, customers bought electric scooters fiercely and suddenly there was a big jump. However, the effect of subsidy cut has been seen in the sales of the month of June. The prices of electric two-wheelers have increased by Rs 25,000-30,000 after the central government reduced the subsidy.
Let us tell you that Ola Electric has been the only company which has sold 17,552 units above 10,000 units in the month of June. On the other hand, if we talk about Ather, only 6,479 units have been sold.
Let us tell you that TVS Motors currently sells only one electric scooter, TVS iQube, the entry-level variant of iQube is priced at Rs 1,41,000 (ex-showroom).
TVS will bring new bike
TVS is about to bring a naked streetfighter bike based on its Apache RR 310 sportsbike. It will be named TVS Apache RTR 310. After launching, it will compete with bikes like Honda CB300R, KTM 390 Duke, Bajaj Dominar 400 and BMW G 310R. The company has not disclosed about this bike at the moment. But its spy pictures have come to the fore, due to which some major details about it have come to the fore.
Also read :- Triumph Bikes: Booking started for Triumph Speed 400 and Scrambler 400X, prices to be revealed on July 5
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