Jio-bp and TVS Motor Company have agreed to partner up to build robust EV charging infrastructure for electric two-wheelers and three-wheelers in the country. Under this partnership, the customers of TVS electric vehicles are expected to get access to the charging network of Jio-bp, which is also open to other vehicles. Also Read - Xiaomi Electric Scooter 4 Pro launched: View pics and features
According to a statement released by the companies, the partnership aims at creating a regular AC charging network and a DC fast-charging network. In the statement released by the brand, the companies announced that they plan to create a seamless customer journey on TVS Motor and Jio-bp apps. Also Read - Jio, BP to setup EV charging, battery swapping stations across 12 cities in India
Jio-bp is operating its EV charging and swapping stations under the brand Jio-bp pulse. With the Jio-bp pulse app, customers can find stations nearby and charge their electric vehicles. Also Read - Mahindra XUV300 Electric driving range to be revealed soon: Check details
TVS Motor Company has sold over 12,000 units of its high-speed electric scooter TVS iQube. The company is competing with new-age electric vehicle brands such as Ola Electric, Ather Energy in this segment. The TVS iQube offers a more affordable package in comparison to the other offerings.
TVS Motor Company has committed Rs 1,000 crore towards EV business. The company is preparing a portfolio of two and three-wheelers in the range of 5-25kW. TVS claims that all of these products will be in the market within the next 24 months.
TVS Motor Company was the third best-selling EV brand in the country for FY22. The company sold 18,04,542 units of 2-wheelers (including ICE-powered vehicles). In FY21, TVS had sold 17,05,443 units. The company had a market share of over 15 percent in FY22. The introduction of new EVs by the company can further enhance its reach in the otherwise saturated ICE market.