TVS Motor Company plans to widen the sales of its only electric two-wheeler, iQube, to more than 20 cities and expand its electric vehicle (EV) portfolio with higher investments this year, a top company official said.
According to company officials, a substantial portion of the capital expenditure (capex) of Rs 600 crore lined up for the year will be routed to EVs and emerging technologies.
The all-electric TVS iQube, which was launched in January 2020, was sold exclusively in Bengaluru before Delhi was added to the list in February 2021.
K N Radhakrishnan, director and CEO, TVS Motor Company, said: “The footprint will be expanded to more than 20 cities. The portfolio will be expanded with newer launches. The company is substantially investing in EVs and other emerging technologies.”