TVS iQube MillionR Special Edition Launched at Rs 1.40 Lakh in India

TVS has launched the iQube MillionR Special Edition in India at Rs 1.40 lakh, ex-showroom, a limited run built off the 3.5kWh iQube to mark the scooter crossing the one-million production mark at TVS's Hosur plant this June. It isn't a new platform or a new motor. It's a dress-up job with a few genuinely useful additions, and the pricing puts it roughly Rs 29,000 above where the standard 3.5kWh iQube starts.

What the Rs 1.40 lakh actually buys you

The headline change is cosmetic: an Aurora Green dual-tone paint job that TVS says draws from the Northern Lights, paired with MillionR badging, fresh graphics, and upgraded seat upholstery. It's the kind of scooter that gets noticed at a signal, which is really the point of a milestone edition — TVS wants this one seen, not just sold.

Where it earns its keep is in the details most special editions skip. The front storage compartment has grown, taking total storage from 32 litres to 35.5 litres — a real difference if you're the one stuffing a helmet, a tiffin box, and a laptop bag into a scooter every morning. There's a Type-C charging port now, finally letting go of the micro-USB era, and TVS quotes more than 118 connected features running through the iQube app, covering everything from geo-fencing to ride stats. Mechanically, nothing has moved: same 3.5kWh battery, same claimed 145km IDC range, which in Delhi traffic with AC-heavy summer riding will realistically land somewhere between 100 and 115km.

What it costs to run, not just to buy

TVS hasn't published an official on-road price for the MillionR yet, but going by the roughly 2.7 percent markup the standard iQube carries in Delhi, expect the on-road figure to land near Rs 1.44 lakh. Finance that at TVS's usual terms — 20 percent down, 60-month tenure, 11 percent interest — and you're looking at a down payment of about Rs 28,800 and an EMI in the range of Rs 2,500 a month. That's a number most first-time EV buyers actually plan around, unlike a headline ex-showroom price that never quite matches what you sign for at the dealership.

The running cost is where the MillionR quietly wins arguments with in-laws who think EVs are a gimmick. A full charge on the 3.5kWh pack costs roughly Rs 28 at Delhi's average domestic power tariff of about Rs 8 per unit. Ride 1,200km a month — a fairly typical urban commute pattern — and you're spending close to Rs 290 on electricity. A petrol scooter doing the same distance at 45kmpl, with fuel at Rs 103 a litre, would cost about Rs 2,750 over the same month. That's a savings of roughly Rs 2,450 every month, which starts covering a meaningful chunk of the EMI itself within the first year of ownership.

iQube MillionR vs Bajaj Chetak 3502 vs Ather Rizta

At Rs 1.40 lakh, the MillionR sits in the thick of premium electric scooter territory, right where the Bajaj Chetak 3502 and Ather Rizta already compete hard for the same buyer.

On paper, the Chetak undercuts the MillionR while claiming a longer range, and the Rizta's top variant edges past it on both range and storage. TVS is betting that its 3,300-plus service touchpoints across more than 3,000 cities, and a six-year track record with the iQube nameplate, will matter more to a buyer than a few extra kilometres of claimed range — and for a lot of Tier 2 and Tier 3 city riders, dealer proximity genuinely does decide the sale over spec-sheet bragging rights.

Should you buy the iQube MillionR or wait?

If you were already circling the standard iQube 3.5kWh, the MillionR's extra 3.5 litres of storage and the Type-C port justify the Rs 29,000 premium on their own — those are things you'll notice every single day, not just at launch. Buyers chasing maximum range for longer commutes should cross-shop the Ather Rizta 3.7kWh or the Chetak 3502 before signing anything, since both claim more real-world distance per charge. For everyone else — city riders who want a scooter that looks the part, comes with TVS's service backing, and pays for a chunk of its own EMI in fuel savings — the MillionR does exactly what a milestone edition is supposed to do. Check the on-road price and EMI for the TVS iQube MillionR in your city on Drivio.