Consumer appetite for cleaner mobility solutions across the domestic two-wheeler industry is driving aggressive production expansions among legacy manufacturers. TVS Motor Company is preparing to scale its electric vehicle manufacturing pipeline significantly, outlining a target to reach an assembly capacity of 80,000 units per month by the end of March 2027.
Scaling Beyond Existing Production Limits
The company currently operates at an assembly output volume of roughly 60,000 to 65,000 units each month. While addressing investor queries, TVS Motor Chief Executive Officer (CEO) K. N. Radhakrishnan detailed the ongoing manufacturing push. He stated,
"We are also increasing our capacity. Currently, we are operating at a capacity of around 60,000-65,000 units."Radhakrishnan explained that the operations team has put plans in place to transition the setup to the next benchmark of approximately 80,000 units monthly.
Electric Scooters Claim Over 20 Percent of Category Sales
The broader transition toward electrification has seen electric bikes and scooters capture around 11 to 12 percent of the overall two-wheeler industry. Within the scooter segment alone, battery electric powertrains have now crossed a 20 percent market share. Capitalizing on this momentum, TVS Motor currently maintains the leading position in the electric two-wheeler market.
Rival Makers Step Up Factory Footprints
The manufacturing push reflects a wider competitive expansion across India. Primary competitor Bajaj Auto is equally working to push the production capacity of its Chetak electric scooter line up to 80,000 units. Meanwhile, Ather Energy is elevating its active manufacturing capacity beyond 41,000 units alongside setting up an entirely new production facility to keep pace with retail demand.
Sales Double in Second Quarter Across Twin-Model Lineup
TVS Motor currently retails two dedicated electric models under the names iQube and Orbiter. During the second quarter of the ongoing fiscal year, retail dispatches of TVS electric two-wheelers more than doubled to 1,86,186 units, up sharply from 80,009 units recorded in the corresponding quarter of the previous year. Across the entire first half of the current fiscal year, TVS delivered 3,05,972 electric scooters, outpacing Bajaj Auto, which registered sales of 2,54,882 units of its Chetak electric model.
Sustained Long-Term Growth Trajectory Ahead
The overall electric two-wheeler category recorded an expansion of approximately 75 percent during the first six months of the current fiscal year. Pointing to structural shifts in consumer preference, Radhakrishnan expressed firm confidence that electric vehicle momentum will remain strong, delivering healthy volume growth across upcoming quarters.
