TVS
TVS IQube on-road price in Ludhiana
₹1.24 Lakh on-road for the base variant, against ₹1.19 Lakh ex-showroom.
On the road in Ludhiana the base IQube comes to ₹1.24 Lakh: ₹1,16,571 ex-showroom, ₹1,182 in Punjab road tax and registration (1%), ₹6,625 for first-year insurance. Dealers add handling and accessory packs on top; both are negotiable.
That is ₹1,957 more than in Delhi (₹1,22,421), down to insurance and dealer charges rather than tax.
Elsewhere in Punjab the figure is the same to within a few hundred rupees: registration rules are set by the state, so Amritsar, Bathinda and Jalandhar all land at about ₹1.24 Lakh.
Charging at Punjab's domestic tariff of about ₹7/unit, running cost is roughly ₹0.19 per km, or ₹149 a month at 30 km a day.
All variants on-road in Ludhiana
| Variant | Ex-showroom | RTO | Insurance | On-road |
|---|---|---|---|---|
| 2.3 kWh | ₹1,16,571 | ₹1,24,378 | ||
| 3.1 kWh | ₹1,40,801 | ₹1,49,072 | ||
| MillionR Special Edition | ₹1,35,138 | ₹1,43,432 | ||
| 3.5 kWh | ₹1,42,868 | ₹1,51,178 | ||
| S 4.7 kWh | ₹1,60,515 | ₹1,75,653 | ||
| ST 5.3 kWh | ₹1,75,384 | ₹1,91,397 |
Dealer quotes for Ludhiana 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, Ludhiana list price | ₹1,16,571 |
|---|---|
| Road tax and registration (Punjab RTO)1% of ex-showroom, paid once | ₹1,182 |
| Insurance, first yearOwn-damage cover plus the mandatory five-year third-party premium | ₹6,625 |
| On-road price | ₹1,24,378 |
Rivals on-road in Ludhiana
Base variants, same RTO, so the ranking is fair.
EMI in Ludhiana
EMI calculator
On an estimated on-road price of ₹1,24,378 for the IQube.
- Monthly EMI
- ₹3,590
- Loan amount
- ₹1,11,940
- Total interest
- ₹17,300
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 Punjab
Same Punjab 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 |
Ludhiana is one of 189 RTO cities on the IQube price page.
IQube in Ludhiana: questions people ask
- What is the on-road price of the IQube in Ludhiana?
- ₹1,24,378 for the base 2.3 kWh and up to ₹1,91,397 for the ST 5.3 kWh, including Punjab road tax, registration and first-year insurance. The figures come from Ludhiana 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 Punjab?
- ₹1,182 on the base variant, which is 1% of the ex-showroom price. That covers road tax, registration and the number plate, and is paid once at registration. Punjab waives or heavily discounts road tax on electric two-wheelers, which is why the share is so low.
- Is the IQube cheaper in Ludhiana or Delhi?
- Delhi, by about ₹1,957, because Punjab road tax is higher. You must register where you live, so this is not a saving you can chase.
IQube from
₹1.19 Lakh