TVS is reportedly working on launching two new electric scooters in India

TVS Motor Company is reportedly planning to expand its portfolio of electric two-wheelers in India this year and early next year. The brand will reportedly launch a new electric scooter this year and another model in March 2025. The company’s CEO discussed its electric vehicle (EV) plans during an investor call, confirming this development. The company currently offers the iQube in a number of different versions, which has been very successful in India. TVS has also introduced the X-sport electric scooter. However, due to some technical issues, the brand has not started delivering the product. The TVS X was a visually appealing product that could have helped the company attract many more customers to its showrooms.

According to one report by Bikewale, the brand is reportedly developing a variety of electric scooters. Moreover, the brand is also working on an electric motorcycle. The upcoming bike could have an affordable price tag. The report further highlights that the brand may be preparing to launch an electric version of Jupiter. Moreover, the brand could also launch an EV for the B2B segment, which may be known as XL Electric.

The brand recently registered two names for its electric vehicle, namely E-XL and XL EV. The report further claims that the company could unveil the electric vehicle at the Bharat Expo 2025, followed by an official launch in March 2025.

Although electric vehicle adoption has not yet reached double digits, automakers believe there is much more room for growth in this market. Till August, TVS was the second largest manufacturer in the Indian electric two-wheeler sector after Ola Electric. With 19,128 vehicles leaving the Chakan plant in September, Bajaj Auto surpassed TVS for second place, while TVS produced 18,099 units.