TVS Motors is planning to launch new hybrid and electric vehicles in the near future. The hybrid vehicle will be launched by the end of 2017, while the electric vehicle is expected to be launched by February or March 2018.
TVS Motor Chairman Venu Srinivasan said that the company has been working on an electric bike for over six years now.
"Last month, we decided to slowly unwrap our electric push. The main obstacle for the electric vehicle has been the life of the led acid battery. As lithium prices are becoming more and more economically feasible, I think that is the only option we would like to consider," he said.