TVS iQube vs Ampere (Greaves) franchise India 2026: is the ₹55 lakh capex gap worth it?
Ampere (Greaves) is 3.2× cheaper to get into — ₹25 L vs ₹80 L (about ₹55 lakh less). TVS iQube runs the bigger network at 900 vs 400 outlets.
01 What actually matters
Numbers that separate them on a 5-year horizon — not the dealer-pitch summary.
None of the brands here charge recurring royalty — the economics run purely on product margin or fixed monthly fees, which is rare in Indian franchising and favourable for operators.
TVS iQube has 2.3× more outlets than Ampere (Greaves) (900 vs 400) — more brand recognition and supplier scale, but also denser intra-brand competition in saturated markets.
02 The numbers, visualised
Primary (flagship) format per brand. Smaller kiosk / express formats may have different economics.
Entry investment
Primary (flagship) franchise format per brand. Some brands also offer smaller kiosk / cloud-kitchen formats at lower capex — check the brand page for full format options.
Network scale — total outlets
Bigger networks mean more brand recognition and supplier scale; smaller ones mean less intra-brand competition in your territory.
Customer ratings Exact star rating + review volumePlus per-city Brand Health for both brands.Unlock with Pro →
Which brand's outlets are rated higher by customers, aggregated across locations. Exact star rating and review volume are in Brand Health.
Direction only — the underlying rating & review count are Pro data.
03 Side-by-side
Every verified data point. Green badge marks the more favourable value for a typical first-time operator.
| Metric | TVS iQube | Ampere (Greaves) |
|---|---|---|
| Entry capex | ₹80 L | ₹25 L ↓ Lower |
| Royalty | 0% | 0% |
| Gross margin | — | — |
| Min space (sqft) | 1200 ↓ Smaller | 2000 |
| Total outlets | 900 ↑ Bigger | 400 |
| Franchise fee | ₹5 L | ₹3 L ↓ Lower |
| Working capital | ₹40 L | ₹10 L |
Not sure if TVS iQube or Ampere (Greaves) actually fits *you*?
BrandFit asks 6 visual questions about your operator profile, capital, and location — then ranks all 240 brands by predicted success-fit for your situation. See where these brands really stand for someone like you.
Compare TVS iQube + Ampere (Greaves) + 2 EV Two-Wheeler peers in the full tool
Open this pair plus Hero Vida and Ather Energy (the next-largest EV Two-Wheeler brands by network size) side-by-side in the full comparison tool. Add or swap brands to fit your decision.
04 Explore these brands in depth
Same data plus galleries, store-locator, margin economics, legal vault — free on every brand page.
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05 Frequently asked
Wrapped in FAQPage JSON-LD for SERP rich-result eligibility.
Which EV Two-Wheeler brand has the largest network in India?
TVS iQube operates the largest network among these — 900 outlets. Large networks offer more brand recognition and supplier scale, but also mean denser intra-brand competition in already-saturated markets.
How long does it take to break even on a EV Two-Wheeler franchise?
Typical break-even on a EV Two-Wheeler franchise in India is 24–42 months, depending on location traffic, format size, and whether the brand charges recurring royalty. The brands on this page range from ₹25 L upward in capex; pair that with your expected monthly contribution margin to estimate your own payback. FRANticc's per-industry calculators (petroleum, auto, ATM) model this explicitly.
What is the best EV Two-Wheeler franchise in India in 2026?
Among the 2 brands FRANticc compares, the top options by network size are TVS iQube, Ampere (Greaves) (TVS iQube: 900 stores, Ampere (Greaves): 400 stores). The lowest investment entry is Ampere (Greaves) from ₹25 L. "Best" depends on your budget, location tier and involvement — this page gives you the data for all three dimensions.
Do these EV Two-Wheeler franchises offer territorial rights?
Territorial exclusivity varies sharply across EV Two-Wheeler operators and is rarely enforced uniformly. Most Indian franchise agreements carve out a "protected radius" (typically 500m–2km) rather than exclusive geographic zones. Always read the "Non-Competition" and "Protected Territory" clauses of the franchise agreement — and verify by asking existing franchisees if the brand has honoured them.