Without sharing specifics, Radhakrishnan confirmed that another iQube e-scooter will be launched during this financial year.
The homegrown two-wheeler manufacturer expects the scooter segment to grow further and account for around 40 per cent of its overall two-wheeler sales.
The second-generation Jupiter by TVS Motor will be pitted against other 110 cc ICE scooters such as Honda Activa and Hero Pleasure Plus
The company, which posted its highest ever vehicle sales, revenue and net profit in FY24, has earmarked capex of about Rs 1,000 crore in FY25
Launched in 2005, the TVS Apache series is the fastest-growing premium motorcycle brands in the country, with a strong presence across global markets, the company said in a statement.
It features a first-time comprehensive white backlit, fully digital speedometer and low battery indicator, the Chennai-based company said in a statement.
The company claims the new scooterette would offer 62 km per litre. It is available at Rs 42,300 (Ex-showroom New Delhi).