Thirukkurungudi Vengaram Sundram (TVS) Motor is investing big on the electric vehicle category, with a lineup of two-wheeler and three-wheeler models spanning different EV platforms.
Sudarshan Venu, the company's Managing Director (MD), stated at the Annual General Meetings (AGM) that TVS will roll out goods for both the Indian and worldwide markets in order to "grab the tremendous opportunity that Electric Vehicles (EVs) provide." The business is already developing a variety of new platforms for future EV launches and has recently introduced the improved iQube e-scooter, which has received over 15,000 orders.
We will introduce electric automobiles ranging from 5 to 25 kilowatt hours. These will be two-wheelers as well as three-wheelers. He also stated that the business is working with BMW Motorrad on an electric two-wheeler platform with a range of less than 15 kilowatt hours.
Norton, a TVS company, is developing an electric superbike as a premium worldwide product. This is part of Norton's intentions to develop electric bikes in the United Kingdom after receiving major funding from the United Kingdom government's Advanced Propulsion Centre project. Norton has immense worth and heritage, and we will rebuild it in a modern approach, according to Venu.
Production of new Norton bikes has begun, and we are building an electric superbike that will serve as the foundation for a bid in the luxury EV category in developed countries, he added. In Fiscal year (FY) 21-22, TVS sold over 10,700 iQube electric vehicles. Electric scooters now account for 10% of the overall scooter market.
TVS also intends to leverage its European electric acquisitions Swiss E-Mobility Group and Exhaust Gas Oxygen (EGO) Movement to enter Europe's rapidly rising e-mobility industry, which is the largest outside of China.
Surface Electromyography (SEMG) is already profitable, and along with EGO, we will capitalize on Europe's electric mobility expansion, according to Venu.