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TVS Motor planning to invest Rs 1,000 crore to manufacture electric vehicles

16 Jul 2021 Evaluate

TVS Motor Company is planning to invest Rs 1,000 crore to manufacture electric vehicles (EV) under a separate vertical.  The EV plant is expected to have a capacity of around 1 lakh units a year, including both two-wheelers and three-wheelers. The company is readying a complete portfolio of two and three wheelers in the range of 5-25kW, all of which will be in the market within 24 months.

TVS Motor Company is a reputed two and three-wheeler manufacturer.

Peers
Company Name CMP
Bajaj Auto 9707.00
TVS Motor Company 3897.20
Hero MotoCorp 4877.95
Eicher Motors 6865.00
OLA Electric Mobilit 33.40
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