TVS Motor aims to build sustained dominant play in EV sector via PLI scheme

TVS Motor Company aims to build a “sustained dominant play” in the electric vehicle segment by leveraging various government initiatives like production-linked incentive scheme, among others.

As per its annual report for 2021-22, the company has robust plans to scale up its play in the electric segment.

“The PLI (Production-Linked Incentive) and FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) initiatives of the government will be fully leveraged by the company and strategically build a sustained dominant play in this segment,” it said.

The industry is slated to grow rapidly and the company has robust plans for this segment, it added.