TVS Motor Company unveiled its new sporty and stylish electric scooter, the TVS X, at an event in Dubai on Wednesday as the leading two- and three-wheeler maker has been accelerating its growth in battery-powered vehicles . Its first electric scooter, the iQube, was a success.
The new electric product is a crossover electric two-wheeler designed and developed to target a new customer segment – Gen Z and Millennials.
4.4 kW battery
The TVS X is equipped with a battery capacity of 4.4 kW. The scooter has a top speed of 105 km/h and a range of 140 km on a full charge. It accelerates from 0 to 40 km/h in an impressive 2.6 seconds. It also incorporates a host of new features.
“What we are presenting today is a fully vertically integrated electronic architecture, battery management system, electric motor system, software, everything developed in-house. TVS X reflects the vision of TVS Motor and what the brand stands for.” Managing Director, TVS Motor Sudarshan Venu said at the launch of the new electric two-wheeler.
TVS X is expected to be available in November this year, and the company has created an initial production capacity of 100 units per day for the product.
Currently, electric scooters account for about 20 percent of the company’s scooter sales. With the new TVS X electric two-wheeler, TVS Motor expects to double this figure within the next three years.
The new TVS X will be launched in stages in the country. The company hopes to launch the product in the first 15 cities by the end of the fourth quarter of this fiscal year. It may plan to start selling the product abroad from the next fiscal year.
The company has said it plans to launch electric two- and three-wheelers in the 5-25 kW range.
With iQube, TVS Motor has become India’s second largest manufacturer of electric two-wheelers after Ola Electric. TVS Motor has sold nearly 98,000 electric scooters in the country by 2023. Ola Electric has sold about 157,000 electric scooters so far this year.
The company has also picked up bookings following the reduction of subsidies for the FAME-II electric two-wheeler and has started a ramp-up plan for its iQube.
(The reporter came to Dubai at the invitation of the company)