By the top of this year, TVS expects to elevate the manufacturing output of its iQube electric-powered scooter to 25,000 gadgets per month thanks to the new investment. This will extra than double the modern manufacturing capacity. Additionally, TVS plans to manufacture 50,000 iQube scooter devices per month via 2023, a hundred percentage extend in manufacturing capacity. Looking at matters in the greater picture, a manufacturing capability of around 500,000 gadgets per yr would be required.
While TVS is investing closely in the EV market, it is no longer doing so at the rate of its mainstream portfolio powered by way of inner combustion engines. TVS is making an attempt to replace its ICE portfolio by coming into new markets. Currently, TVS is first-rate recognized for its inexpensive commuting bikes and high-performance Apache line. Its collaboration with BMW on the G 310 line of bikes has additionally made it pretty famous in other areas.
Like these days unveiled Ronin in neo-retro styling, TVS plans to unveil a new top-rate way of life mannequin for the gasoline-powered two-wheeler. It is predicted that greater versions, such as the much-awaited Zeppelin and Power Cruiser, will be on hand soon. The commercial enterprise is constructive that the present-day buoyant market sentiment will continue, which will assist acquire the much-needed increase in each of the ICE and electric-powered mobility segments.
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