What Sudarshan Venu TVS Director Said on Government Subsidies on EV at Davos 23

What Sudarshan Venu, TVS Director Said on Government Subsidies on EV at Davos 23?

In an interview with CNBC-TV18 during the present World Economic Forum in Davos, Sudarshan Venu, Managing Director of TVS Motor Company, stated that "electric cars (EVs) are undoubtedly a big focus for us." With this investment, the company hopes to expand its product line, develop its engineering staff, increase capacity, and roll out these changes gradually.

CNBC Interview with Sudarshan Venu, Managing Director of TVS

Sudarshan Venu Explained the Impact of EV on Industry

Sudarshan Venu responded when asked about India's 25–30% market share going electric over the following 5–7 years: "The government subsidy is vital for the continued by saying that in addition to this, he believes that with more partnerships, particularly on the battery side and sell side, prices would decrease as capacity rises.

industry till a certain threshold volume is achieved." Venu

Future Plans of TVS

MD Sudarshan

Venu

I believe that the market has truly begunto expand,especially in India. We have been selling more than 10,000 iQubes per month for the past three months, and we anticipate that the rate will continue to increase. Additionally, as our new items begin to hit the market, volumes will rise even higher. As of right now, 10% of thescooterswesell areelectric, and as we move forward, this number will rise, according to theTVSMD.

Acquisition and Deals

by TVS MD Sudarshan Venu

Underhisdirection,TVSMotor also completed one of its largesttransactions—theApril 2020 purchase of venerable British motorcycle brand Norton—which bolstered the business's aspirations to establishitselfasamajorforce in the high-end bike market.

Heshifted hisattention to the electric mobility arena as the future mobility and electric vehicle