DiscoverCars.Com

TVS iQube crosses 1,50,000 sales milestone

-

TVS’ first ever electric scooter, the iQube, has surpassed the 1,50,000-unit sales milestone in the domestic market (it was also recently launched in Nepal). As of July 22, 2023, the iQube has clocked cumulative sales of 154,263 units. Total iQube production till end-June 2023 was 147,309 units, with July 2023 output details to be announced by mid-August 2023.

Launched in January 2020, the same month that the Bajaj Chetak was also introduced, the TVS iQube has taken 43 months to achieve sales of 1,50,000 units in India. The e-scooter delivered its best fiscal performance in FY23, when it registered wholesale volumes of 96,654 units, just narrowly missing the 100,000 mark.

In the first three months of the ongoing fiscal year (FY24), TVS has recorded wholesale volumes of 38,602 units, up 342% year-on-year (April-June 2022: 8,724 units) comprising 6,227 units in April 2023, 17,913 units in May 2023 and 14,462 units in June 2023. That means from launch in January 2020 through to end-June 2023, total iQube wholesales were 147,192 units, 2,808 units shy of the 150,000 units mark.

With July now drawing to a close, TVS will soon announce its iQube wholesales for the month. But a close look at Vahan retail sales numbers reveals that 7,111 units have been sold till July 22, 2023 – ample proof that the TVS iQube has gone past the 150,000 unit mark, roughly four months since it surpassed 1,00,000 sales mark in India.

Like most electric two-wheeler OEMs, TVS has seen sales slow down from June 2023, when the FAME-2 subsidy was slashed dramatically. The iQube saw its best monthly retail performance in May 2023 (20,253 units), when buyers advanced their purchase decisions ahead of the reduced subsidy and resultant price hikes.

One of the reasons the iQube saw strong demand in FY23 was the introduction of the refreshed iQube lineup in May 2022, with improved range and features. Sales picked up speedily and the e-scooter also bagged the ‘Green Two-Wheeler of the Year’ title at the Autocar Awards 2023.

Currently available in two variants (Standard and S), the iQube is priced between Rs 1,17,000 and Rs 1,24,000 (on-road, Delhi, after FAME-2 subsidy). Prior to June 1, 2023, the iQube’s pricing was Rs 98,564 and Rs 108,690 (on-road, Delhi, after FAME-2 subsidy) for these two variants, respectively.

A top-spec ST variant was shown last year but has yet to officially go on sale. It claims a range of 140km on a single charge, nearly twice the range of 75km on the first-gen model. Since the e-scooter’s launch, TVS has gradually expanded the retail network for the iQube which is currently available in 140 cities and over 200 touch points across the nation.

 



from Autocar India https://ift.tt/9jC7T2c

Comments

Post a Comment

Popular posts from this blog

550hp BMW M3 CS is the most powerful M3 yet

-
Image
BMW has taken the wraps off its most powerful M3 ever, the F80 M3 CS, which is even more powerful than the BMW M3 competition. The BMW M3 CS will be sold in sedan bodystyle only and in limited numbers worldwide.  BMW M3 sedan gets 550hp twin-turbo petrol Does 0-100kph in 3.4 seconds Gets BMW’s xDrive AWD tech with selectable RWD BMW M3 CS: design and interior  The M3 CS is set apart from the M3 Competition visually by a raft of design tweaks, such as an angrier-looking, open front grille designed to match the front end of BMW’s GT4-spec M4 racer. Gaping air intakes round off the new-look nose. These are joined by a host of items that enhance aerodynamics, such as a wide front splitter and a lipped rear spoiler. It gets special V-spoke gold wheels – 19-inch at the front and 20-inch at the rear – shod with track-focused tyres. The M compound brakes come with red calipers, while carbon-ceramic brakes are also available. The interior broadly matches that of the M3 Compe...
Read more

Electric Volvo S90 replacement specifications leaked

-
Image
Details have emerged of Volvo 's new flagship electric saloon – a model internally codenamed as the V551, but expected to take the ES90 name when it goes on sale in 2025. The model will be produced at a factory owned and operated by Volvo’s parent company Geely in China, as revealed in a photograph and specifications leaked by the company’s board, beginning in May 2024. All-electric ES90 sedan to share underpinnings with EX90 SUV Will come with 111kWh battery pack with up to 600km range Will rival the likes of Mercedes EQE sedan and BMW i5 A photograph published to Volvo's employee intranet shows members of Volvo’s production team in Zhejiang huddled around signs that read “Volvo Cars V551 First VP Car Celebration” and “Confidential Top Secret". The reference to VP stands for 'Verification Prototype'. The car, however, is completely obscured from view, ahead of an expected unveiling in the coming months.   Volvo electric sedan specifications leaked The lux...
Read more

TVS’ scooter market share increases in the April-January period

-
Image
After seeing a sustained slowdown for over two years, India's scooter market is finally recovering. As per the wholesale numbers, released by Society of Indian Automobile Manufacturers (SIAM), a total of 43,61,347 units were dispatched in the April 2022 to January 2023 period. This is an increase of 9,79,594 units or a 29 percent year-on-year increase - April 2021-January 2022 was 33,81,753 units. Petrol scooter OEMs market share: details The top five OEMs account for 41,35,615 units or 95 percent of the total but dissect this further and the top three players – Honda Motorcycle & Scooter India (HMSI), TVS Motor Company and Suzuki – cumulatively have 36,69,244 units or 84 percent of the industry numbers. While these three have each recorded over 20 percent growth, the fastest growth (at 50 percent) comes from TVS, which is reflected in its 24 percent market share, up from 20.42 percent a year ago. Scooter market leader HMSI with 20,43,993 units has recorded 24 percent grow...
Read more