TVS Motor shares in focus as iQube electric scooter debuts in Indonesia
TVS Motor shares are expected to be in focus after the company officially launched its flagship electric scooter, TVS iQube, in Indonesia at an introductory price of IDR 29.9 million. This move marks a significant expansion for TVS in the ASEAN market, with bookings set to begin on June 19, 2025.
Built for urban mobility, the TVS iQube offers a real-world range of 115 km per charge, 0–40 kmph acceleration in 4.2 seconds, and a top speed of 78 kmph. It features a dual lithium-ion battery system and a 950W portable charger, enabling 0–80% charging in 3 hours. The scooter also boasts a 7-inch TFT cluster, SmartXonnect technology, geofencing, and Q-Park assist.
This expansion aligns with TVS Motor's strategy to strengthen its global EV footprint. With over 600,000 customers worldwide already choosing the iQube, the company aims to tap into Indonesia's fast-growing EV segment, which has recorded a 101% CAGR in the last three years.
TVS iQube will be assembled at the company's Karawang facility and showcased at the Jakarta Fair.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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