TVS Motor Company Limited has informed the Exchange regarding a press release dated Jun 17, 2025, titled "TVS iQube The choice of 600,000 customers globally rides into Indonesia at an introductory price of IDR 29.9 Mn".
TVSMOTOR · price
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TVS Motor is launching its flagship electric scooter TVS iQube in Indonesia through its subsidiary PT TVS Motor. Bookings open on June 19, 2025, at an introductory price of IDR 29.9 million (approximately ₹1.5 lakh), with availability at the Jakarta Fair and a new TVS Experience Centre in Jakarta. The scooter, which has already crossed 600,000 customers globally, offers a 115 km real-world range, 78 km/h top speed, 3.5 kWh battery, and 0–40 km/h acceleration in 4.2 seconds. It will be locally assembled at PT TVS Motor's East Karawang plant, which has an annual capacity of 300,000 vehicles. The company highlighted that Indonesia's two-wheeler EV segment has grown at a strong 101% CAGR over the last three years.
Positive for shareholders — marks a key international expansion of TVS's EV portfolio into one of the fastest-growing electric two-wheeler markets, supporting revenue diversification and leveraging strong local manufacturing. Reinforces TVS Motor's EV growth strategy beyond India.