TVS Motor Company has outlined a capital expenditure (capex) strategy of approximately Rs 1,000 crore for the fiscal year 2025. This plan includes the introduction of new two- and three-wheelers across both internal combustion engine (ICE) and battery segments. The company’s initial focus will be on launching various versions of its electric scooter, the iQube. Responding to customer preferences, TVS Motor will offer diverse battery capacities and pricing options for these electric vehicles, catering to both domestic and international markets. Notably, the iQube electric scooter, already popular in several Asian markets, will see expanded availability.
Additionally, TVS Motor is preparing to launch the TVS X, a premium electric two-wheeler that debuted in Dubai last year, and expects to start deliveries shortly. In FY24, the company witnessed a significant surge in electric two-wheeler sales, doubling from 97,000 units to 1.94 lakh units, contributing to cumulative sales exceeding three lakh units. Bolstered by this momentum and favourable industry trends, particularly in the EV sector, TVS Motor is poised to maintain its robust presence in the market.
