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.