With huge unlocked potential in electric two-wheeler and three-wheeler segments, TVS has been making huge investments in this space. After last year’s investment of Rs 1,000 crore, TVS Motor has announced another 1,000 crore investment this year. Most of the funds will be utilized for capacity expansion and development of new EV products.
TVS senses a big opportunity in EV space, as there’s no clear winner at thi