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TVS Motor plans to launch a range of 2 and 3 wheelers In Next two years

TVS Motor plans to launch a range of 2 and 3 wheelers In Next two years

TVS Motor Company (TVS) is an Indian multinational automotive company that manufactures motorcycles, scooters, and three-wheelers, headquartered in Chennai, India. This Chennai based TVS plans to launch a complete range of electric two and three-wheelers with power output ranging from 5 to 25 kilowatts in the next two years. TVS is making their presence playing a leading role in the country's emerging electric vehicle market. 

TVS Motor Company Joint Managing Director Sudarshan Venu told "We are excited about EVs. We're investing in building capability and products to play a leading role in this in the EV space going forward, which we believe will grow fast." 

Further, He added,” "We will have a complete range, which we will launch in stages over the next two years from 5 to 25 kilowatts -- two-wheelers and three-wheelers in both passenger and cargo (segments) as well."

Is TVS investing 1000 crore?

Moreover, he said, "We will also in the next couple of months announce an upgrade on the TVS iQube (the company's existing electric scooter)." The iQube, which has a peak power of 4.4 kW and a range of 75 km on a single charge, is currently sold in four cities.

He told more about iQube,” "We plan to take this nationwide before the end of the fiscal year.

We certainly believe that TVS has a good international business and we will look to export EVs as well."

How much Investment by TVS?

This is a remarkable act as TVS is investing over Rs.1000 crore on its electric vehicles business that will increase the opportunities, jobs and growth of the company. This huge project of producing electric two and three-wheelers will be handled by the 500 engineers who will engage completely in the development of new electric vehicles.

To point out the conventional internal combustion engine vehicles (ICE) Sudarshan Venu said,” TVS will continue to invest where it sees growth opportunities and potential.”