With the government of India rolling out incentives on electric component and ebike manufacturers, TVS plans to re-enter electric scooter segment. Earlier, TVS launched scooty teenz electric its first electric scooter in the market but the product bombed at the market. While Hero and Yobyke\u00a0 electric bike moved well, Scooty teenz electric production was stopped. But this year union budget has offered many incentives to the ebike makers. It also proposed to cut excise duty on development and manufacturing of hybrid vehicle kits to 5% from the existing 10%, besides fully exempting customs and counter-vailing duty on import of special hybrid parts. \u201cWe are working on introducing electric scooters and these are being experimented for the launch. By some time next fiscal, it will come (to the market),\u201d TVS Motor Company president (Marketing) H. S. Goindi told.
\nAbout 50 electric scooters, comprising some of its existing and new models, are being tested across the country, he added. \u201cWe will launch only scooters in electric mode. The products will initially run on lead acid batteries and later we may develop some other technology also,\u201d Goindi said.<\/p>\n","protected":false},"excerpt":{"rendered":"
With the government of India rolling out incentives on electric component and ebike manufacturers, TVS plans to re-enter electric scooter segment. Earlier, TVS launched scooty teenz electric its first electric scooter in the market but the product bombed at the market. While Hero and Yobyke\u00a0 electric bike moved well, Scooty teenz electric production was stopped. … <\/p>\n