Upcoming TVS E-Bikes– Country’s leading two wheeler manufacturer TVS is working on plans to launch several electric two wheelers in India soon. TVS Company is moving ahead as part of its plan to maintain its enduring dominance in the Indian Electric Vehicle segment by leveraging the PLI and FAME-II schemes. The company has disclosed its strategy in the Annual Report (for 2021-22). The company has a better and stronger strategy to expand its operations in the Electric Vehicle segment.
The company aims to take full advantage of government initiatives like PLI and FAME-II. Along with this, it has to maintain its supremacy in the EV segment by continuously launching new products with a better strategy. At the same time, the company further said that the EV industry is going to grow rapidly and we have a strong strategy of (TVS) for this category. TVS has further revealed that as part of its strategic collaboration with German auto giant BMW, TVS is to work on joint design and development of urban EV options for global markets.
Focus on Electric Vehicles– It can be understood from TVS’s statement that TVS and BMW will together focus on developing electric two-wheelers for both domestic and international markets. For information, let us tell you that TVS has already created a dedicated division for electric vehicles. More than 600 engineers are employed in this division.
TVs iQube gets better response- Speaking on the sales of its electric vehicles, TVS has claimed that it has sold more than 10,000 EVs in 2021-22. This includes the auto company’s electric scooter iQube. For information, let us tell you that this electric scooter was recently updated with more power and range and additional features.