Highlights
- TVS Motor rolled out the one millionth TVS iQube electric scooter.
- TVS iQube customers have collectively covered nearly 14.94 billion kilometres.
- The company highlighted over 522,969 tonnes of estimated CO₂ emission avoidance.
TVS Motor Company (NSE:TVSMOTOR) has announced the rollout of the one millionth TVS iQube electric scooter from its manufacturing facility in Hosur, marking a milestone in the company's electric mobility journey.
The company said the achievement reflects the growing adoption of electric vehicles in India and highlights the expansion of its electric scooter portfolio since the launch of the TVS iQube in 2020.
Source: Analysis by Kalkine
One Million Units Milestone Achieved
The rollout of the one millionth TVS iQube comes nearly six years after the electric scooter's introduction to the market. According to TVS Motor, the iQube portfolio has expanded over the years to include multiple battery capacities, range options and connected features aimed at serving different customer requirements.
The company stated that the scooter is designed, engineered and manufactured in India and forms part of its broader electric mobility strategy. The milestone was achieved at the company's manufacturing facility in Hosur.
Expansion Of Electric Mobility Ecosystem
TVS Motor said it has continued investing in engineering, research and development, product innovation and ecosystem development to support electric mobility adoption. The company noted that the TVS iQube is supported by a sales and service network comprising more than 3,300 touchpoints spread across over 3,000 cities across the country.
According to the company, these investments have helped improve accessibility for electric mobility customers and supported the growth of the iQube portfolio.
Environmental Impact Highlighted
TVS Motor shared cumulative usage data associated with TVS iQube customers since the scooter's launch. According to the company, TVS iQube riders have collectively travelled more than 14.94 billion kilometres.
The company further stated that these journeys have contributed to avoiding approximately 522,969 tonnes of carbon dioxide emissions.
TVS Motor added that the estimated carbon savings are equivalent to planting nearly 20.9 million trees. The company said these outcomes demonstrate the broader environmental impact associated with electric mobility adoption.
Management Commentary
Sudarshan Venu, Chairman, TVS Motor Company, said, “The rollout of one million TVS iQubes reflects the scale at which electric mobility is becoming part of everyday life in India. The milestone is built on years of investment in engineering, innovation and manufacturing capabilities that have enabled us to build world-class electric mobility solutions designed and manufactured in India for the world.”
He further added, “As India progresses towards the vision of Viksit Bharat, it has a unique opportunity to emerge as a global leader in the future of mobility. At TVS Motor, we remain committed to advancing this vision through exciting and sustainable mobility solutions that strengthen India’s position as a global mobility powerhouse."
Growth Of TVS iQube Portfolio
Since its launch in 2020, the TVS iQube portfolio has evolved with different battery configurations and feature offerings.
The company stated that the electric scooter lineup has been developed around the mobility requirements of Indian consumers, with a focus on providing multiple options across range and performance categories. TVS Motor continues to expand its presence in the electric two-wheeler segment as competition in the category increases.
Key Risks To Watch
- Electric vehicle demand may fluctuate across markets.
- Competition remains intense in the electric scooter segment.
- Policy changes could impact EV adoption incentives.
- Battery supply chain challenges may affect production.
Summary
TVS Motor has achieved the milestone of rolling out one million TVS iQube electric scooters from its Hosur facility. Since its launch in 2020, the iQube portfolio has expanded across multiple variants and is supported by a nationwide sales and service network. The company reported that iQube users have collectively travelled 14.94 billion kilometres and contributed to avoiding an estimated 522,969 tonnes of CO₂ emissions, highlighting the growing role of electric mobility in India.
FAQs
Q: What milestone has TVS Motor achieved with the iQube electric scooter?
A: TVS Motor has rolled out the one millionth TVS iQube electric scooter from its Hosur facility.
Q: When was the TVS iQube electric scooter launched?
A: TVS Motor launched the TVS iQube electric scooter in the Indian market in 2020.
Q: How extensive is the TVS iQube sales and service network?
A: The company operates more than 3,300 touchpoints across over 3,000 cities in India.