For now, TVS will focus on BS-VI and not electric: Venu Srinivasan Noor Arora
While the government is trying to promote electric vehicles (EVs), two-wheeler makers are saying EVs still don't make commercial sense -- with TVS Motor being the latest to join the bandwagon. Honda has already said that it is not looking at this space since it is not economically viable. Meanwhile, TVS has lined up a capital expenditure (capex) of around Rs 7 billion and investment of around Rs 1 billion in its subsidiaries. TVS Motor Chairman Venu Srinivasan said that the biggest challenge and disruption will be the BS-VI emission standard in 201819 and the company's focus will be on addressing it. "Electric doesn't make any economic or commercial sense now, so the focus will be only on BS-VI," said Srinivasan, who had earlier said in 2018 that TVS would launch hybrid and electric vehicles. The two-wheeler maker had also invested in a start-up that is working on electric vehicles.
ARTICLE SOURCE: BS