The company’s motorcycle sales increased by 22 percent to 1,71,611 units in March. Sales of its scooters increased by two percent to 1,31,472 units. Sales of TVS Motor’s electric scooter iQube have declined slightly to 15,250 units in March. This electric scooter competes with Ola S1 Pro and Ather 450X. It has a 3.4 kWh battery. Its range in a single charge is about 100 kilometers. The top speed of iQube is 78 kilometers per hour. Its another variant iQube ST has a 5.1 kWh battery. Its range is about 145 kilometers and top speed is 82 kilometers per hour. It can be charged up to 80 percent in about five hours. It has a 5 inch display and its ST variant has a 7 inch display. The company also plans to export electric scooters.
Recently TVS Motor also launched a new electric scooter TVS X. Its price is around Rs 2.5 lakh. This electric scooter has 12 inch alloy wheels and a storage capacity of 19 liters inside the seat. Sales of electric two-wheelers have increased rapidly in the last few years. To meet the increasing demand for electric scooters, the company is preparing to increase the production capacity of iQube to 25,000 units per month.
It also plans to expand the sales network of electric two-wheelers. The company is planning to launch electric two-wheelers at various price points. Ola Electric is at first position in this market with more than 40 percent share. Many companies are launching their two-wheelers in this segment. TVS Motor’s overseas business is also performing well. Its total exports in March increased by about 23 percent to 91,972 units. The company has prepared to start business in France. For this a tie-up has been made with Emil Frey.