TVS Motor is currently the market leader in the electric two-wheeler segment | Photo: Bloomberg
TVS Motor Company plans to increase its electric two-wheeler manufacturing capacity to 80,000 units per month by the end of March 2027 to meet strong demand for electric scooters, according to a senior company official.
"Now we are also enhancing the capacity. We are now operating at around 60-65,000 units. We have already planned for the next level of capacity expansion to about 80,000 units," TVS Motor Chief Executive Officer KN Radhakrishnan told investors.
Electric vehicle penetration has been growing at a very strong pace in the two-wheeler space. Penetration in the overall two-wheeler market has been around 11-12 per cent, while it has crossed the 20 per cent mark in the scooter segment.
TVS Motor is currently the market leader in the electric two-wheeler segment.