Posied to launch an electric two-wheeler during the second half of FY2024-25, TVS Motor Company is eyeing 30 percent share of its sales to come from electric vehicles. In this direction, the Chennai-based company is also working on an electric three-wheeler. 

TVS Motor Company Managing Director Sudarshan Venu opined that the company is gearing up for an aggressive push into the electric vehicle (EV) market with plans to have a large portion of its sales from its electric portfolio in the coming years.

Speaking to Motoring Trends on the sidelines of Indian Chamber of Commerce’s Annual General Meeting held in Kolkata, the top official said, “We are incredibly excited about electrification and it’s becoming a central focus for TVS. A significant portion of the company’s future growth will come from its electric line-up. The company has identified electric mobility as a major area of investment and expects that this segment will contribute to around 30 percent of its sales in the foreseeable future.”

The company is currently offering electric scooters like the iQube and X. It is gearing up to introduce another electric scooter this financial year. What is even more interesting is the foray of TVS Motorc Company into electric bicycles. It is in line with its commitment to build a full range of electric mobility solutions.

TVS is heavily investing in research and development with a significant focus on electric vehicle technology. The company, claim sources, employs around 800-900 engineers in research and development. Their expertise, sources add, spans across key domains on the electric vehicle side such as battery management system, motor control unit, cycle control unit and various electronics.

With an emphasis on developing much of the components used in electric vehicles, inclduing the motor in-house, TVS is working to further advance its capabilities in the electric mobility space.

Commenting on the technological focus of the upcoming electric two-wheeler, Venu noted, “The new product is expected to focus on advancements in battery technology, which is continuously improving. TVS, through its global partnerships, aims to offer batteries that are among the best in the market. Additionally, the integrated electrical and electronic architecture, along with significant investments in vehicle software, control systems and physical design, are seen as key strengths. Bringing these elements together is considered a major advantage for the company, setting it apart in the competitive electric vehicle market.”

Answering whether the manufacturer plans to foray into the electric small commercial vehicles market, he said, “TVS is currently focusing its efforts on two and three-wheelers and is not actively pursuing the small commercial vehicles market. The company is prioritising advancements and innovation in its existing vehicle segments rather than expanding into that space at this time.”

Mid-term growth

Looking ahead, TVS anticipates strong growth in the two-wheeler market with the managing director forecasting industry growth in proper double digits. He added that TVS is well-positioned to grow at a faster rate than the overall industry, driven by its investments in both electric and internal combustion engine (ICE) vehicles.

As part of its growth strategy, TVS is also focusing on expanding its presence in the export market. The company has set its sights on increasing its market share in its current export markets while also exploring new opportunities. One key area of focus is Europe, where TVS plans to expand its presence by CY2025. The company is also optimistic about opportunities in Africa, where the market is beginning to recover after a challenging period.

“Africa, which contributes a significant portion of our export revenue, had bottomed out but we’re seeing signs of improvement and expect to capitalise on opportunities there,” the managing director said.

Alluding to whether EVs will outgrow ICE in the two-wheeler category in the near future, Venu remarked, “We recognise the opportunities in the electric vehicle sector and aim to capitalise on them. While the electric two-wheeler market is expected to grow rapidly, partly due to its low starting base, ICE vehicles are still seen as having a significant future. Currently, ICE vehicles account for 95 percent of the industry, and TVS believes consumer preferences will largely dictate the pace of transition. As a result, the company continues to invest in new ICE products, seeing potential for growth in both EV and ICE segments.”

On the alternative-fuel front, he noted that CNG is considered an appealing option due to its emissions-saving potential and affordability. The three-wheeler market, particularly in India and other regions, is experiencing notable growth, presenting opportunities in this segment. TVS is expected to explore this area further. 

Ergon Labs, a start-up working on electric vehicle powertrain technologies has inked a strategic partnership with Delhi-NCR-based EV maker Omega Seiki to supply its cutting-edge Integrated Power Converter (IPC), which combines an on-board charger and motor controller into a single unit.

As per the understanding, Omega Seiki has placed an order worth INR 500 million to Ergon Labs for supply of IPC in its L5 electric three-wheelers. The partnership also includes a strategic investment by Uday Narang, Founder and Chairman, Omega Seiki, who will join the Ergon Labs' Advisory Board.

Ergon’s IPC is claimed to offer 30 percent (17 degrees) gradeability, with peak torque operation extended from the industry-standard 1 minute to 3-5 minutes.

Around 50 percent faster charging, which allows the EV to get a range of over 50 km in under an hour using any standard 15A socket. Upto 30 percent lower system cost compared to conventional separate on-board chargers and motor controllers. This leads to significant reduction in wiring harness complexity.

The partners have announced that the first commercial deployment of 2,000 units is planned across India in FY26, starting with the L5 Passenger segment — a rapidly growing market fuelled by aggregators like Rapido, Ola and Uber, and increasing adoption in metro cities and regional centres.

They are also jointly developing a high-performance L5 Cargo electric vehicle capable of handling over 500 kg payload with 30 percent gradeability, targeting diesel vehicle replacement in markets such as Kerala and the North East.

Ashwin Ramanujam, CEO, Ergon Labs, said, “This partnership with Omega Seiki is a pivotal milestone in Ergon’s mission to bring breakthrough innovations in light EV powertrains to market. OSM’s vehicles will see meaningful improvements in gradeability, payload capacity and charging reliability – all enabled by deep component integration at both hardware and software levels. This moment represents the culmination of three years of relentless product development by our engineering team. More importantly, it sets the stage for our next major innovation: one-hour home charging for two-wheelers, launching in 2026.”

Uday Narang, added, “After over three decades of bold investments across global financial markets, I returned to India with a mission to drive environmental and economic impact through engineering-led innovation. Omega Seiki was born out of that vision. My investment in Ergon is a continuation of this commitment. From my first conversation with Ashwin to witnessing their technology’s performance first-hand, it was clear that Ergon brings world-class engineering to India’s EV ecosystem. I’m excited to partner with this exceptional team and bring their breakthrough product to market.”

European auto major Stellantis aims to introduce a new set of electric vehicles developed with its Chinese partner – Leapmotor, in India by end-2025, according to a Reuters report.

The revelation was made by Tianshu Xin, head of China operations for Stellantis and CEO of its joint venture, Leapmotor International on the sidelines of Auto Shanghai 2025. He said, “With the size of the automotive market, India certainly has a lot of potential as well. We're accelerating entering into the Indian market.”

The report further stated that Xin acknowledged the fact that while India was a potentially huge market for Leapmotors, but it would be difficult to make a profit in the country.

At present, Stellantis operates a manufacturing facility in Hosur, Tamil Nadu, where it produces gearboxes and engines. It has also set up a software and technology centre in Bengaluru to support its domestic and global products. It currently sells the Jeep and Citroen vehicles in India.

On the other hand, Leapmotor has a portfolio of models across mini hatchback, sedan saloon and SUVs.

Following up to media reports, Stellantis India has confirmed the development. 

Shailesh Hazela, CEO & Managing Director, Stellantis India, said, "We’re excited to announce the entry of Leapmotor brand in India, thereby strengthening our commitment to the market. We already have a strong presence in India with our Jeep and Citroën brands, and we deeply understand the strategic importance and immense potential that the Indian market holds. Globally, Leapmotor is redefining electric mobility with a strong focus on innovation, quality, and customer satisfaction. We look forward to bringing premium EVs to India's upwardly mobile consumers—vehicles that redefine modern driving with cutting-edge technology, comfort, and sustainability."

Charge Zone, a leading electric vehicle charging company, has announced that it has attained a major milestone by expanding its network to over 13,500 charging stations. This, the company claims, makes it the largest EV charging platform in the country.

It attributed the growth to its strategic OCPI-based roaming partnerships with leading EV infrastructure players, including Statiq, Bolt, Kazam, Pulse Energy, Chargemod, ElectreeFi, Evnnovator and others. These partnerships have allowed the company to offer a unified, interoperable EV charging ecosystem for its customers.

Kartikey Hariyani, Founder & CEO, Charge Zone. “At Charge Zone, our vision has always been to build more than just a network – we’re creating the digital backbone of India’s EV ecosystem. Reaching 13,500 charging stations is a defining moment, not just in terms of scale, but in what it represents: a truly interoperable and tech-driven infrastructure that simplifies the EV experience for everyone. Whether you're an individual commuter or a fleet operator, our goal is to make charging as seamless, reliable, and accessible as possible. Through collaborative partnerships and deep tech integration, we’re laying the foundation for a clean mobility future that’s connected, intelligent, and built for the next generation of transportation in India.”

Currently, the Charge Zone network sees over 8,000 daily users, with its mobile app seeing over 250,000 downloads. The company shared stated that almost 70 percent of India’s EV customers have used Charge Zone app at least once in their EV journey.

At present, the company’s EV charging network includes 3.3kW, 7.4kW and 10kW charging options for city use, DC fast chargers ranging from 30kW to ultra-fast 360kW for faster charging speeds.

The world of e-mobility in India is constantly witnessing newer players, one of which is Ryoto Electrix. With scooters manufactured in Greater Noida, this company has ventured into the production of ‘Made in India’ electric vehicles, deriving capital infusion from VKL-JVK Group. Ryoto Electix’s products, showcased at the recent Ride Asia EV Expo in Bharat Mandapam, cater to the requirements of both rural and urban customers.

The word ‘Ryoto’ is being used as it denotes a dragon-like person in the Japanese language. It is used to symbolise power, strength, courage, and good fortune, all of which help drive the company. Over a period of 5 years, Ryoto has developed stylish and colourful iCAT-approved electric scooters that can be customised as per the needs of e-conscious riders wanting innovation and efficiency.

Sandeep Ralhan, CEO, Ryoto Electrix, said, “Quality is one of the main driving forces for our products. We are offering low-speed vehicles and have tied up with GoDogit to provide insurance on every vehicle.”. Further, he added that EMI’s are available for all the scooters, to be paid over a period of 18 months.

Among the company’s models, Giga is a popular one that looks similar to the popular Honda Activa. While Fowler is a Double Light model, Bright is available with a Single Light. Two-wheeler dealers have the option to choose between exclusive CKD Container deals and bulk deals.

With regards to future plans, Sandeep Ralhan talked about the plan to come up with a company-owned charging station under the name Volt. Apart from expanding the dealership network, he expressed excitement towards the launch of high-speed vehicles in the next 2 months. Ryoto has appointed 80 dealerships across Uttar Pradesh, Rajasthan, Delhi NCR, Kolkata, Hyderabad, Punjab, Madhya Pradesh, and Haryana.