Bring home TVS iQube scooter on Diwali with a down payment of only Rs 10,000, understand the complete EMI math here

Auto News Desk – iQube is offered by TVS as an electric scooter. Many variants of this scooter are made available for sale. If you are also going to buy its base variant 2.2 kWh (TVS iQube base variant) on the occasion of Diwali 2024, then how much EMI can you have to pay to bring it home. We are telling you in this news.

TVS iQube base variant price
2.2 kWh is made available as the base variant of the electric scooter iQube introduced by TVS. Its ex-showroom price is Rs 117299. But subsidy is given on EV by the government. After which its effective price in Delhi becomes Rs 107299. On this, Rs 9384 is charged as RTO, Rs 300 as RTO charge, Rs 200 for smart card, Rs 5626 for insurance and Rs 500 as handling charge. After which its on road price becomes Rs 123309.

How much EMI after down payment of Rs 10 thousand
If you buy the base variant of TVS iQube 2.2 kWh on the occasion of Diwali 2024, then it will be financed by the bank at the ex-showroom price only. In such a situation, after making a down payment of Rs 10 thousand, you will have to finance an amount of around Rs 113309 from the bank. If you are given Rs 113309 by the bank for three years with 11 percent interest, then you will have to pay EMI of only Rs 3710 every month for the next three years.

How much will the scooter cost?
If you take a two wheeler loan of Rs 113309 from the bank for three years with 11 percent interest rate, then you will have to pay EMI of Rs 3710 every month for three years. In such a situation, in three years you will pay about Rs 20 thousand as interest for the 2.2 kWh variant of TVS iQube. After which the total price of your electric scooter including ex-showroom, on-road and interest will be around Rs 1.43 lakh. TVS iQube has been brought in the electric scooter segment. In this segment, it competes with electric scooters of companies like Ola, Ather.