TVS is the second two-wheeler maker after Hero MotoCorp, to acquire a stake in an electric two-wheeler firm. Photo: Pradeep Gaur/MintMumbai: Two-wheeler maker TVS Motor Co. Ltd Thursday said it has bought a 14.78% stake in Ultraviolette Automotive Pvt. The company, which has tested three prototypes, has not launched an electric two-wheeler yet. Bengaluru-based Ather unveiled its first electric two-wheeler Ather S340 in February, which is set to go into production soon in 2018. Ltd are all set to launch electric two-wheelers in 2018, according to a report in The Economic Times.

Source: Mint December 07, 2017 19:41 UTC