TVS Motor Company and Jio-bp enter into partnership to strengthen EV charging

Jio-bp and TVS Motor Company have agreed to partner to build strong EV charging infrastructure for electric two-wheelers and three-wheelers in the country. Under the partnership, TVS electric vehicle customers are expected to gain access to Jio-bp’s charging network, which is also open to other vehicles. Read more – In two years the price of an EV could be the same as a petrol car: here’s why

According to a statement issued by the companies, the partnership aims to create a regular AC charging network and a DC fast charging network. In a statement released by the brand, the companies announced that they plan to create an uninterrupted customer journey across TVS Motor and Jio-bp apps. Read also – Ola Electric wants to set up a 50GWh battery plant in India: Report

The Jio-bp brand operates its EV charging and swapping stations under the Jio-bp Pulse. With the Jio-bp Pulse app, customers can find nearby stations and charge their electric cars. Read more – Bajaj Auto’s new EV plant in Pune could produce 5 lakh electric scooters a year

TVS Motor Company has sold 12,000 units of its high-speed electric scooter TVS iQube. The company is competing in this segment with new-age electric vehicle brands such as Ola Electric, Athar Energy. TVS iQube offers more affordable packages than other offers.

TVS Motor Company has committed Rs 1,000 crore for EV business. The company is preparing a portfolio of two and three wheelers in the range of 5-25kW. TVS claims that all these products will be available in the next 24 months.

TVS Motor Company FY22 had the third best-selling EV brand in the country. The company sold 18,04,542 units of 2-wheelers (including ICE-powered vehicles). In FY21, TVS 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 could further increase its reach in the otherwise saturated ICE market.