It is the second EV from the corporate’s steady after iQube which loved a gross sales of 1.5 lakh items to date.
| Photo Credit: N. Anand
TVS Motor Company Ltd. on Wednesday unveiled ‘first-of-its-kind’ crossover electric two-wheeler, concentrating on Gen Z and millennials globally.
Priced at ₹2.50 lakh, TVS X might be initially rolled out in India by November with exports beginning subsequent fiscal.
It is the second EV from the corporate’s steady after iQube which loved a gross sales of 1.5 lakh items to date. TVSM had invested ₹250 crore within the undertaking. The firm plans to supply 100 autos per day, or about 30,000 items per yr. It might be rolled out in phases from This fall in 15 cities.
Speaking to the press, Sudarshan Venu, MD mentioned presently electric autos accounted for 20% of TVS’ complete gross sales and it could be doubled in two years. To a query, he mentioned they’d proceed to spend money on inner combustion engine (ICE) autos in addition to EVs.
“Both will continue to grow and that’s why we are investing in these segments. A new vehicle based on ICE will be rolled out next month,” he added.
Claiming that TVS X had a excessive stage of localisation, firm officers mentioned the battery pack, design, motor and software program had been developed inhouse.
(The author is in Dubai on the invitation of TVS Motor Co.)
