Business Standard

Tuesday, December 24, 2024 | 09:50 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

TVS to bet on electric vehicles; to come up with 5-25-kW products

TVS Motor Company is coming up with multiple products in the two- and three-wheeler segments

TVS Group
Premium

The company has already formed a strategic partnership with Tata Power to build EV charging infrastructure across the country.

Shine Jacob Chennai
Chennai-based two-wheeler major TVS Motor Company has said the company is focusing on electric vehicles (EVs), and is coming up with multiple products in the two- and three-wheeler segments.

Addressing the company’s annual general meeting (AGM), the company’s managing director, Sudarshan Venu, said the company was going to invest heavily on electric vehicles. “We will come up with EVs under the 5-25 kilo watt range (in two- and three-wheelers). We have recently launched iQube with over 15,000 orderbook and we are ramping this up to more cities,” Venu said.

“EVs offer a large opportunity and TVS is investing a lot

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in