TVS-BMW electric 2-wheeler will be in the sub 15 KWH range. Multiple EV platforms are also under works in 2Wheeler & 3Wheeler segments…
So, TVS Motors concluded their Annual General Meeting (AGM) recently, and from this event some very interesting & significant information has come to surface regarding the future plans of the company.
It appears that TVS Motor Company is going all-in and betting big on the EV segment and its future. The new information shared in the AGM tells us that the company is in development and planning to launch a range of EV products both in two-wheeler and three-wheeler categories across multiple platforms.
While speaking at the AGM, Mr. Sudarshan Venu (MD, TVS Motor Company) shared that TVS will be rolling out various EV products for both the Indian market and for global markets in an effort to ‘grasp the large opportunities that the EVs are offering’.
He further shared that the company is already working on a number of new platforms for their upcoming EV launches. Mr. Venu added –
“We will launch electric vehicles in the 5- 25 kWh range in both two-wheeler and three-wheeler segments’.
Another big surprise that came out of the AGM is that the company is working closely with their German partners – BMW Motorrad – in developing a sub-15 kWh EV platform as well. Furthermore, TVS’s subsidiary company – Norton – is also developing an electric superbike which will be offered as a luxury product for a global audience.
Mr Venu further added-
“Norton as a brand has tremendous value and legacy and we will reinvent it in a modern way. Production has started for new Norton bikes, and we are developing an electric superbike which will be our basis for a play in the luxury EV segment in developed markets”.
Finally, TVS Motors is also looking to leverage their Europe based electric acquisitions – Swiss E-Mobility Group and EGO Movement – to carve out their share in the fast growing e-mobility market on the continent, which is the largest outside of Republic of China.