TVS
TVS IQube on-road price in Indore
₹1.35 Lakh on-road for the base variant, against ₹1.19 Lakh ex-showroom.
On the road in Indore the base IQube comes to ₹1.35 Lakh: ₹1,13,476 ex-showroom, ₹6,180 in Madhya Pradesh road tax and registration (5.4%), ₹6,298 for first-year insurance and ₹9,046 in helmet, standard accessories and handling charges. Dealers add handling and accessory packs on top; both are negotiable.
That is ₹12,579 more than in Delhi (₹1,22,421), mostly because Madhya Pradesh charges 5.4% in road tax and registration against Delhi's 0.6%.
Within Madhya Pradesh the IQube ranges from ₹1,24,056 to ₹1,35,000 on-road across the 10 RTO cities we track; the road-tax rule is the same statewide, so the gap is dealer ex-showroom and insurance pricing.
Charging at Madhya Pradesh's domestic tariff of about ₹7.5/unit, running cost is roughly ₹0.20 per km, or ₹159 a month at 30 km a day.
All variants on-road in Indore
| Variant | Ex-showroom | RTO | Insurance | On-road |
|---|---|---|---|---|
| 2.3 kWh | ₹1,13,476 | ₹1,35,000 | ||
| 3.1 kWh | ₹1,36,553 | ₹1,58,500 | ||
| MillionR Special Edition | ₹1,35,138 | ₹1,49,038 | ||
| 3.5 kWh | ₹1,42,256 | ₹1,64,500 | ||
| S 4.7 kWh | ₹1,60,340 | ₹1,88,000 | ||
| ST 5.3 kWh | ₹1,75,384 | ₹2,03,000 |
Dealer quotes for Indore via BikeWale, used under licence; last checked 2026-09-06. Extras such as accessory packs and PDI are included where the dealer lists them.
Where the money goes
| Ex-showroom price2.3 kWh variant, Indore list price | ₹1,13,476 |
|---|---|
| Road tax and registration (Madhya Pradesh RTO)5.4% of ex-showroom, paid once | ₹6,180 |
| Insurance, first yearOwn-damage cover plus the mandatory five-year third-party premium | ₹6,298 |
| HelmetIncluded in the dealer quote | ₹1,099 |
| Standard AccessoriesIncluded in the dealer quote | ₹6,447 |
| Handling ChargesIncluded in the dealer quote | ₹1,500 |
| On-road price | ₹1,35,000 |
Rivals on-road in Indore
Base variants, same RTO, so the ranking is fair.
EMI in Indore
EMI calculator
On an estimated on-road price of ₹1,35,000 for the IQube.
- Monthly EMI
- ₹3,890
- Loan amount
- ₹1,21,500
- Total interest
- ₹18,540
Indicative only. Lenders add a processing fee (usually 1–3%) and quote rates by credit score; banks are typically cheaper than dealer-tied NBFCs.
Elsewhere in Madhya Pradesh
Same Madhya Pradesh road-tax rule; the small differences are dealer pricing.
Other cities
Every RTO city in India. Type a town and pick from the list.
| City | RTO share | On-road price |
|---|---|---|
| DelhiDelhi | 0.6% | ₹1,22,421 |
| ChandigarhChandigarh | 0.9% | ₹1,25,284 |
| AhmedabadGujarat | 1.6% | ₹1,29,242 |
| BengaluruKarnataka | 1.1% | ₹1,21,969 |
| MumbaiMaharashtra | 1.1% | ₹1,19,323 |
| Navi MumbaiMaharashtra | 1.1% | ₹1,19,323 |
| PuneMaharashtra | 1.1% | ₹1,19,323 |
| ChennaiTamil Nadu | 0.8% | ₹1,19,614 |
| HyderabadTelangana | 3.6% | ₹1,24,734 |
| KolkataWest Bengal | 7.5% | ₹1,24,073 |
Indore is one of 189 RTO cities on the IQube price page.
IQube in Indore: questions people ask
- What is the on-road price of the IQube in Indore?
- ₹1,35,000 for the base 2.3 kWh and up to ₹2,03,000 for the ST 5.3 kWh, including Madhya Pradesh road tax, registration and first-year insurance. The figures come from Indore dealer quotes and were last checked in 2026-09. Handling and accessory packs can add a few thousand rupees.
- How much is RTO on the IQube in Madhya Pradesh?
- ₹6,180 on the base variant, which is 5.4% of the ex-showroom price. That covers road tax, registration and the number plate, and is paid once at registration.
- Is the IQube cheaper in Indore or Delhi?
- Delhi, by about ₹12,579, because Madhya Pradesh road tax is higher. You must register where you live, so this is not a saving you can chase.
IQube from
₹1.19 Lakh