TVS Motor lines up hybrid, electric models

Two & three-wheel manufacturer TVS Motor Company Ltd., is planning to roll out electric & hybrid vehicles.
  • The hybrid vehicle will be rolled out by the end of 2017.
  • The electric vehicle is expected to launch by February or March 2018.
  • The main obstacle for the electric vehicle was the life of lead acid battery.
  • On the other hand, the cost of lithium batteries is quite high as it is quick to charge & the battery life is as long as the life of the vehicle.
  • However, lithium is still a challenge for TVS Motors because of its availability.
  • The company is working on batteries that are even cheaper than the lithium ones.
  • The company is looking at exporting electric vehicles.
  • By December 2017, TVS Motor would be coming out with a hybrid vehicle that could run on both petrol & electric battery.
  • TVS Motor had started manufacturing & exporting sub-500 cc bikes for BMW’s global market & will roll out a 310cc vehicle on the BMW platform.
Source: http://bit.ly/2v4GZQJ

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