TVS Motor Company, one of the leading two-wheeler manufacturers, is gearing up to expand its electric scooter sales in international markets. The company plans to utilize its manufacturing facility in Indonesia for exporting to Southeast Asian markets, aiming to increase its global footprint with the iQube electric scooter.
Expanding Horizons
The company is optimistic that these efforts will position India as a major hub for electric two-wheeler exports. Currently, TVS Motor is selling its iQube and iQube X models in India. According to media reports, the strategic use of the Indonesian factory is aimed at boosting market share in ASEAN countries, where the iQube electric scooter is already available.
Insight from Leadership
K N Radhakrishnan, one of the directors at TVS Motor, expressed confidence in the potential for India to emerge as a key exporter in the electric vehicle segment. He stated, “With continued investment in EV supply chains and infrastructure, we believe our company can maintain a strong position in this growing segment.” The ASEAN region includes nations like Cambodia, Laos, Brunei, Myanmar, the Philippines, Singapore, Thailand, Indonesia, and Vietnam, representing vast opportunities for electric vehicle expansion.
Product Highlights
In addition to international expansions, TVS Motor recently launched a new variant of the iQube, equipped with a 2.2 kW battery, priced starting at ₹94,999 (ex-showroom). This model can be charged from 0-80% in approximately two hours, reflecting the increasing demand for electric vehicles.
Performance and Features
The latest TVS iQube reaches a top speed of around 75 km/h and features a 5-inch color TFT screen. It also offers advanced features like vehicle crash alerts, tow alerts, and turn-by-turn navigation. Competing with models like the Ola S1 Pro and Hero Vida V1, TVS offers the iQube in stylish colors, including Pearl White and Walnut Brown.
Battery Variants and Pricing
TVS Motor has also introduced the iQube ST in two battery variants: 3.4 kW and 5.1 kW, priced at ₹1.55 lakh and ₹1.83 lakh, respectively. The 3.4 kW variant boasts a range of approximately 100 kilometers on a single charge and can charge from 0 to 80% in about three hours. This makes it an attractive option for daily commuters looking for efficient electric scooters.
Comparison Table
| Model | Battery (kW) | Price (₹) | Top Speed (km/h) | Range (km) | Charging Time (0-80%) |
|---|---|---|---|---|---|
| TVS iQube | 2.2 | 94,999 | 75 | N/A | ~2 hours |
| TVS iQube ST (3.4 kW) | 3.4 | 1,55,000 | N/A | 100 | ~3 hours |
| TVS iQube ST (5.1 kW) | 5.1 | 1,83,000 | N/A | N/A | ~3 hours |
As electric two-wheelers gain popularity, TVS Motor is well-positioned to adapt and expand its offerings. With a focus on technological innovation and market expansion, the company aims to significantly contribute to the electric vehicle ecosystem.