India's Leading Two-Wheeler Manufacturers Crosses 1 Million TVS iQube Production Milestone; Share Price Jumps 4%

On Thursday, Indian benchmark indices traded higher, with the Nifty 50 gaining 223.40 points, or 0.93 per cent, to 24,245.05. Riding the positive market sentiment, TVS Motor Company share price surged 4.16 per cent to Rs 3,583.60 during the session.

TVS iQube Crosses 1 Million Production Milestone

TVS Motor Company has announced the rollout of the one millionth TVS iQube electric scooter from its manufacturing facility in Hosur, Tamil Nadu. The milestone reflects the company's growing presence in India's electric vehicle market and highlights the increasing adoption of sustainable mobility solutions across the country.

Launched in 2020, the TVS iQube has emerged as one of India's leading electric scooter brands, offering multiple battery options, connected features and range variants to cater to diverse customer requirements.
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Expanding EV Ecosystem

TVS Motor has significantly strengthened its EV ecosystem through continuous investments in research and development, manufacturing capabilities and product innovation. The company has also expanded its sales and service network to over 3,300 touchpoints across more than 3,000 cities, making electric mobility accessible to customers across the country.

Since its launch, TVS iQube riders have collectively covered more than 14.94 billion kilometres, helping avoid approximately 522,969 tonnes of carbon dioxide emissions. According to the company, this environmental impact is equivalent to planting nearly 20.9 million trees, underscoring the growing contribution of electric mobility towards India's sustainability goals.

Management Commentary

Commenting on the milestone, 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. 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."

About TVS Motor

TVS Motor Company Limited is one of India's leading manufacturers of two-wheelers and three-wheelers, with operations spanning over 90 countries. The company manufactures motorcycles, scooters, electric vehicles and three-wheelers through its state-of-the-art manufacturing facilities in India and Indonesia.

Backed by over a century of engineering excellence, TVS Motor continues to invest in electric mobility, connected technologies and sustainable transportation solutions. Along with its global brands and premium motorcycle portfolio, the company is positioning itself as a key player in India's rapidly growing electric vehicle ecosystem.

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Disclaimer: The article is for informational purposes only and not investment advice.