TVS Motor to launch complete range of 2- and 3-wheelers in next two years; eyes dominance in EV space
The Hindu
The company has earmarked an investment of ₹1,000 crore on its electric vehicles business.
Chennai-based TVS Motor Company will launch a complete range of electric two- and three-wheelers with power output ranging from 5 to 25 kilowatts in the next two years as it seeks to play a leading role in the country’s emerging electric vehicle space, according to a top company official.
The company, which has earmarked an investment of ₹1,000 crore on its electric vehicles (EV) business, will also continue to invest on conventional engine vehicles, where it sees growth opportunities.
“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,” TVS Motor Company Joint Managing Director Sudarshan Venu told PTI.