TVS Motor Scales Up Production for Electric Scooter iQube in Thane

TVS Motor Company is planning to expand its electric two-wheeler portfolio over the next one year with the objective to cater to customers at multiple price points. The company also seeks to launch a series of products in the range of five to 25 KW in the next year.

Key Highlights

Production capacity of the electric scooter iQube has been ramped up to 25,000 units per month and has plans to enhance it gradually.
Sales of the new electric scooter TVS X will commence in the current quarter.
TVS X would play a significant role in both domestic and international markets.
The firm intends to scale up its electric vehicle sales infrastructure. TVS has around 400 touchpoints for e-scooters and plans to expand in the same landscape.
Current Electric Two-Wheeler Portfolio

TVS Motor currently has two e-scooters in its portfolio:

iQube

TVS NTorq

Future Plans

In addition to the iQube and TVS X, TVS Motor is also developing an electric three-wheeler. The company is also planning to launch a series of new electric two-wheelers in the next year.

Global Expansion

In the next two to three-quarters, iQube is likely to be available in many markets, including Europe. TVS X would play a significant role in both domestic and international markets.

News by Rahul Yelligetti