tvs: TVS Motor to double EV volume in FY24 amid new launches
With a market share of 22% in July, TVS Motor is Indias second largest two-wheeler EV company after Ola Electric. The company has invested close to Rs 250 crore on the development of TVS X. It has guided for a capital expenditure of Rs 900-1,000 crore for the current fiscal year of which a bulk of investment would be in EV products. It sold nearly one lakh EV scooters in FY23 and 47,102 units in the first four months of the current fiscal year in India according to Vahan data.
Source: indiatimes.com