Director and CEO, KN Radhakrishnan, of TVS Motor Company, stated that the company intends to increase the sales of its electric vehicles to both developed and developing markets, placing a significant wager on India’s potential to become a major export hub for electric two-wheelers.
The business intends to utilise its facility in Indonesia to serve adjacent markets in the ASEAN area, where it began selling its electric scooter, the TVS iQube, last year. Compared to 39,000 units during the same period last year, TVS Motor Co. sold 52,000 units of electric two-wheelers in the first quarter of the current fiscal.
Radhakrishnan stated that they firmly believe India would become a significant two-wheeler EV export hub. They have no doubt that the company will remain a major force in the EV market owing to the ongoing improvements made to the infrastructure and supply chain for electric vehicles. The company is planning the launch of several of its well-planned electric mobility product lineup.
According to Radhakrishnan, TVS has a plant of its own in Indonesia and uses some local suppliers. The ASEAN Free Trade Agreement will also enable the corporation to export from Indonesia to other member countries of the bloc. Approximately 750 dealers, serving more than 450 Indian locations, are currently selling the company’s iQube.
