TVS Motor Company has big plans in the electric two-wheeler segment. It is working on a range of new offerings for the two- and three-wheeler classes across different BEV architectures according to a recent report that emerged on the internet. While speaking at the AGM, Sudarshan Venu, Managing Director, TVS Motor Company confirmed the matter.
The Hosur-based company aims to take advantage of many opportunities presented by EVs by launching products for both the Indian and foreign markets. In the two- and three-wheeler space, Venu said TVS would launch “electric vehicles in the 5-25 kilo watt hour range,” on the back of updating the iQube recently.
His AGM talk revealed TVS is developing an electric two-wheeler platform with BMW Motorrad in the sub-15 kWh range. TVS’ subsidiary, Norton, is also developing an electric superbike, and Venu explained that this will serve as the company’s foundation for “a play in the luxury EV segment in developed markets.”
TVS has been keen on extending the reach of its iQube electric scooter across India in recent months, and it shows in its sales figures. In FY2021-22, the company sold more than 10,700 units of iQube. In order to take advantage of Europe’s electric mobility growth, TVS acquired EGO Movement and Swiss E-Mobility Group. They will play a significant role in TVS’s global expansion plans.
Norton unveiled the V4SV superbike with race-level performance, lightweight handling, and touring range to compete with Ducati. With UK government funding in place, Norton also announced the electric superbike project, spanning a period of two and a half years, and it has partnered with Delta Cosworth, the University of Warwick, Formaplex Technologies, and others.
TVS introduced new variants of the iQube with a larger battery pack and longer range last month. IQube ST’s top-spec model has a riding range of 140 kilometers on a single charge.