TVS iQube EMI & On-Road Price 2026 — Variants, Zero Road Tax, Monthly EMI

Key Takeaways

• TVS iQube ST on-road price in Delhi is ₹1,33,444 (ex-showroom ₹1,24,999 + 0% road tax + OD insurance + 5-year third-party insurance + registration).
• A 3-year loan at 10.5% with 20% down payment results in an EMI of ₹3,470/month on a loan of ₹1,06,755.
• The entry iQube S on-road price is just ₹1,07,054 — the most affordable path into the TVS EV ecosystem.
• Road tax is zero across all Indian states — Tamil Nadu and Karnataka buyers save ₹10,000–₹14,000 compared to equivalent petrol scooters.

The TVS iQube is TVS Motor Company's flagship electric scooter — India's third-largest two-wheeler manufacturer bringing its decades of engineering credibility to the EV space. The iQube lineup spans from the affordable S to the feature-rich ST Max, catering to budget-conscious and premium buyers alike. Key differentiators include TVS's SmartXonnect connected technology, a 5-inch TFT display (on ST variants), USB-C fast charging port, and the brand's 3,500+ dealer network. The 0% road tax in every Indian state makes the on-road cost calculation simple and predictable. This guide covers all three variants, road tax state comparisons, and complete EMI analysis. Prices verified in June 2026 (Delhi).

TVS iQube Variant Prices (2026)

The iQube comes in three variants: S (entry), ST (mid), and ST Max (top). Road tax is 0% for all EV variants in all Indian states.

All EMIs at 20% down payment. Use the car loan EMI calculator to personalise your EMI.

The iQube S is the entry point — under ₹1.07 lakh on-road in Delhi, it is one of the most affordable EV scooters from a major established manufacturer. The ST adds the 5-inch TFT display, enhanced connectivity, and extended range. The ST Max is the top-of-range with maximum battery, longest range, and all premium features. All variants share the same motor and build quality.

What Goes Into the On-Road Price

For the iQube ST at ₹1,24,999 ex-showroom (Delhi reference):

TVS's EV carries IRDAI TP insurance at the equivalent 124cc motor classification — the >75cc–150cc slab at ₹3,570 for 5 years. Road tax is fully exempt for all EV registrations.

The gap between ex-showroom and on-road is just ₹8,445 — compared to ₹12,000–₹18,000 for a petrol scooter in the same price band. This narrower gap is directly attributable to the EV road tax exemption.

Road Tax Saving: TVS iQube vs Petrol Across 10 States

For the iQube ST at ₹1,24,999 ex-showroom, here is the comparison with an equivalent petrol scooter:

Karnataka and Telangana buyers save over ₹15,000 on the iQube ST compared to an equivalent petrol scooter — more than 4 months of EMI at the 3-year rate.

TVS iQube EMI by Loan Tenure

Base scenario: iQube ST, 20% down payment (₹26,689), loan amount ₹1,06,755, at 10.5% p.a. Model your scenario with the car loan EMI calculator.

A 2-year tenure saves ₹18,876 versus 5 years. The ₹1,481/month premium to upgrade from 5-year to 3-year is very manageable for most urban salaried buyers. At ₹3,470/month (3-year, 20% down), the iQube ST is accessible to anyone earning ₹18,000+ net monthly once running cost savings are factored in. Check part-prepayment scenarios with the prepayment calculator.

Down Payment Impact

For the iQube ST (on-road ₹1,33,444), 3-year tenure at 10.5%:

Moving from 10% to 30% down saves ₹4,623 in interest and reduces the EMI by ₹867/month. For the iQube ST at ₹1.33 lakh on-road, a 30% down payment (₹40,033) is an achievable target that significantly reduces total loan cost.

Running & Ownership Costs: iQube vs Petrol

TVS's large service network gives the iQube a significant advantage over EV-only brands in tier-2 and tier-3 cities.

Monthly running cost saving of ₹1,100–₹1,800. Over 3 years: ₹39,600–₹64,800 in cumulative fuel and maintenance savings — 2–3.5x the total interest cost of the loan.

Is the TVS iQube EMI Affordable for You?

At ₹3,470/month (iQube ST, 3-year, 20% down), the iQube is accessible to most urban earners. After accounting for running cost savings of approximately ₹1,500/month, the net incremental cost versus petrol commuting is under ₹2,000/month. Check your borrowing capacity with the loan eligibility calculator.

The iQube S at ₹2,784/month (3-year) fits within the 15% guideline for anyone earning ₹18,600+ — one of the most accessible EMI thresholds in the EV segment.

How to Get the Best iQube Loan Deal

1. Check TVS Credit rates first. TVS's captive finance arm (TVS Credit) often offers promotional interest rates for iQube buyers. Compare against your bank at /rates.
2. Ask about state subsidies. Some states have active EV subsidy schemes beyond the central FAME program — confirm with your dealer or state transport department.
3. Maintain a 750+ CIBIL score. Read how CIBIL score affects loan interest rates for improvement strategies before applying.
4. Negotiate a longer OD warranty. TVS offers service contracts; a 3-year extended warranty for the battery and electronics provides peace of mind for minimal additional cost.
5. Plan your home charging. The iQube supports home charging via standard 5A socket — no special installation needed. Public charging via TVS's network and third-party chargers is growing.
6. Prepay when possible. RBI prohibits penalties on floating-rate loans. The prepayment calculator shows tenure reduction from any lump-sum payment.

Frequently Asked Questions

What is the on-road price of TVS iQube in Delhi in 2026?

The on-road price ranges from ₹1,07,054 (iQube S) to ₹1,53,744 (ST Max) in Delhi. All variants carry 0% road tax. For the iQube ST — the most popular variant — the on-road price is ₹1,33,444.

How much EMI for TVS iQube ST at 10.5% interest?

For the iQube ST with 20% down payment (loan ₹1,06,755): ₹4,951/month for 2 years, ₹3,470/month for 3 years, or ₹2,295/month for 5 years. Customise with the car loan EMI calculator.

What is the real-world range of TVS iQube?

Range varies by variant and riding mode. The iQube S offers approximately 75 km (IDC), the ST approximately 100–115 km, and the ST Max approximately 145 km IDC. Real-world city range is typically 80–85% of IDC figures. For a 30–40 km daily commute, the ST variant provides comfortable 2–3 day range between charges.

Is the TVS iQube suitable for highway riding?

The iQube's top speed of 78 kmph (governed) makes it suitable for city arterials and short highway stretches but not sustained highway riding at 80+ kmph. For primarily city and suburban commuting, it is an excellent choice.

What is the charging time for TVS iQube?

Standard 5A home charging takes approximately 4.5–5 hours for a full charge (iQube ST). TVS's fast charger (DC fast charging) supports faster charges at select TVS touchpoints. The convenience of charging at home overnight is one of the iQube's key practical advantages.

How does TVS iQube compare to Ola S1 Pro and Ather 450X?

The iQube S is the most affordable option at ₹98,999 ex-showroom. The Ola S1 Pro 3 kWh (₹1,34,999 ex-showroom) and Ather 450X (₹1,43,999 ex-showroom) are positioned above the iQube ST in price. The iQube's advantage is TVS's extensive service network in tier-2 and tier-3 cities. The Ola S1 Pro leads on range and tech features; the Ather 450X leads on performance acceleration. Choose based on your city's service network density and primary use case.

For other EV scooter comparisons, see the Bajaj Chetak EMI guide and Honda Activa e: EMI guide. For all two-wheeler models, visit the two-wheeler EMI hub.