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The iQube, priced at LKR 10,99,760 (Rs 304,933), is available for test rides and bookings at TVS Lanka dealerships in Colombo, Gampaha, Kalutara, Galle and Jaffna; buyers can make a downpayment of LKR 110,000 (Rs 30,500) and monthly instalments starting from LKR 27,000 (Rs 7,486).
Bajaj Auto has open over four-fold build up in gross sales of its Chetak electrical scooter to 36,260 devices in FY23 as in comparison to the former fiscal when the e-scooter clocked 8,187 devices, the corporate famous in its annual document for 2022-23. Then again, it noticed a ten% be on one?s
In all, the iQube range now spans five variants, with the company lowering the price barrier and making its most popular e-scooter attractive to a larger pool of customers – those on a budget, and those wanting all the bells and whistles from their electric scooter.
The growth is expected to be driven primarily by price hikes, as volume growth is forecasted to be modest for medium and heavy CVs (M&HCVs) and flat for light CVs (LCVs). Despite challenges, operating margins are expected to maintain pre-pandemic peaks of around 10%, supported by price hikes and stable raw material prices.
Given the sluggish demand and higher input cost in the recent past, how is the pricing scenario? Have price hikes impacted the farmer sentiments? The commodity costs went through the roof during the pandemic and the year after, it is very unfortunate to see prices increase for everything, including tractors.
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