New Delhi: TVS Motor Company is in the process of developing electric two-wheelers with plans to roll them out soon in the domestic market, said a senior company executive. The Indian electric two-wheeler market has players like Hero Electric and Lohia which sell battery powered scooters. Despite efforts put in by the industry and government, sales of electric scooter remain abysmally low—15,000 to 20,000 units per year—against whopping 1.7 crore petrol two-wheelers annually. Currently, 99% of the electric scooter sold are powered by low-speed lead batteries due to affordability factor. TVS has moved up the ladder to take second spot in the scooter segment, behind HMSI.

Source: Mint September 17, 2017 07:18 UTC