Latest news with #JamesChan
Hindustan Times
4 hours ago
- Automotive
- Hindustan Times
TVS iQube electric scooter debuts in this Southeast Asian country
TVS iQube electric scooter enters the Indonesian market and will be sold there after local assembling. Check Offers TVS Motor Company has launched iQube in Indonesia, marking the electric scooter's entry into the Southeast Asian country's electric two-wheeler market. The Indian two-wheeler manufacturer on Tuesday announced its foray into the Indonesian electric two-wheeler market with its pure electric scooter, TVS iQube. The auto company has stated in its official statement that its arm PT TVS Motor has opened bookings for iQube in Indonesia at an introductory price of IDR 29.9 million, which translates to around ₹ 1.6 lakh in Indian currency. Indonesia is one of the key markets for two-wheelers globally, and with the launch of TVS iQube, the homegrown auto giant is aiming to grab a chunk of the bulging EV market pie there. TVS Motor Company has said that the iQube electric scooter will be assembled at the PT TVS Motor Company's manufacturing facility at East Karawang in Indonesia. Speaking about the launch of the TVS iQube, James Chan, Senior Vice-President ASEAN at TVS Motor Company, said that electric vehicle adoption in the two-wheeler segment of Indonesia has seen a strong growth of 101 per cent CAGR in the last three years. "We are pleased to partner with the government efforts on promoting EVs with a reliable, high-quality product and attractive pricing in the form of TVS iQube," Chan said, while also adding, 'We are constantly striving to develop EV capability across our sales and after-sales network to deliver a superior customer experience." Speaking on this, TVS Motor Company's Vice President, EV International Business, Madhu Prakash Singh, said that globally, the TVS iQube has crossed a milestone of six lakh customers. "We are confident that the superior and comfortable riding experience of the TVS iQube will delight our customers in Indonesia," he added. The TVS iQube electric scooter offers a range of 115 kilometres on a single charge. The EV is capable of running at a top speed of 78 kmph and can accelerate from 0-40 kmph in 4.2 seconds. The electric scooter has been instrumental for the brand to grab a chunk of the Indian electric two-wheeler market pie that has witnessed a major surge in demand and sales over the last few years, and is currently dominated by startups such as Ola Electric, Ather Energy, among others. Check out Upcoming EV Bikes in India. First Published Date: 18 Jun 2025, 09:45 AM IST
The Hindu
16 hours ago
- Automotive
- The Hindu
TVS Motor enters Indonesian electric two-wheeler market with iQube
TVS Motor Company on Tuesday (June 17, 2025) announced its foray into the Indonesian electric two-wheeler market with its all-electric scooter iQube. The company's arm PT TVS Motor has opened bookings for iQube in Indonesia at an introductory price of Indonesian Rupiah (IDR) 29.9 million (around ₹1.6 lakh), TVS Motor Company said in a statement. 'Electric vehicle (EV) adoption in the two-wheeler segment of Indonesia has seen a strong growth of 101% CAGR (compound annual growth rate) in the last three years. We are pleased to partner with the government efforts on promoting EVs with a reliable, high-quality product and attractive pricing in the form of TVS iQube,' TVS Motor Company, Senior Vice-President ASEAN, James Chan said. The company said its electric scooter will be assembled at the PT TVS Motor Company manufacturing facility at East Karawang. 'We are constantly striving to develop EV capability across our sales and after-sales network to deliver a superior customer experience,' Mr. Chan added. TVS Motor Company Vice-President EV International Business, Madhu Prakash Singh, said that globally, iQube has crossed a milestone of 6 lakh customers. 'We are confident that the superior and comfortable riding experience of the TVS iQube will delight our customers in Indonesia,' he added. iQube offers a real-world range of 115 km on a single charge. It has a top speed of 78 kmph and can accelerate from 0-40 kmph in 4.2 seconds, the company said.
Time of India
a day ago
- Automotive
- Time of India
TVS Motor rides into Indonesian EV market with locally assembled iQube
TVS Motor Company has made its entry into Indonesia's electric two-wheeler market with the launch of its flagship e-scooter, the iQube, marking a strategic move to expand its presence across Southeast Asia. The iQube will be assembled locally at TVS's East Karawang facility, allowing the company to tap into government incentives aimed at promoting domestic EV production. Bookings have opened at an introductory price of IDR 29.9 million (roughly ₹1.6 lakh), positioning the e-scooter as a competitive player in Indonesia's urban mobility segment. 'Indonesia has seen a compounded annual growth of over 100 per cent in its two-wheeler EV market over the last three years,' said James Chan, Senior Vice-President, ASEAN, TVS Motor Company. 'There's strong policy support, and consumer interest is picking up. We believe the iQube, with its proven track record and competitive pricing, fits well into this evolving landscape.' To support its rollout, TVS is building out its local sales and service infrastructure. The goal, the company says, is to deliver a seamless ownership experience from test ride to after-sales support. Globally, the iQube has already clocked over 600,000 users, a milestone that TVS believes underlines its reliability and relevance in varied market conditions. 'This launch is not just about entering a new market, it's about bringing a globally trusted product to a new audience,' said Madhu Prakash Singh, Vice President, EV International Business. The iQube is targeted at city commuters, offering a real-world range of 115 km on a single charge, a top speed of 78 kmph, and quick acceleration from 0–40 kmph in just over four seconds. As the Indonesian government continues to push for higher EV adoption and local manufacturing, TVS's early bet on localisation could give it a critical edge over import-reliant competitors, particularly as supply chain costs fluctuate and regional regulations tighten. With the iQube, TVS is betting on more than just a single product. It's placing a long-term wager on Indonesia as a key hub in its broader ASEAN growth plan.
&w=3840&q=100)
Business Standard
a day ago
- Automotive
- Business Standard
TVS Motor enters Indonesian electric two-wheeler market with iQube
TVS Motor Company on Tuesday announced its foray into the Indonesian electric two-wheeler market with its all-electric scooter iQube. The company's arm PT TVS Motor has opened bookings for iQube in Indonesia at an introductory price of IDR 29.9 million (around Rs 1.6 lakh), TVS Motor Company said in a statement. "Electric vehicle (EV) adoption in the two-wheeler segment of Indonesia has seen a strong growth of 101 per cent CAGR (compound annual growth rate) in the last three years. We are pleased to partner with the government efforts on promoting EVs with a reliable, high quality product and attractive pricing in the form of TVS iQube," TVS Motor Company, Senior Vice-President ASEAN, James Chan said. The company said its electric scooter will be assembled at the PT TVS Motor Company manufacturing facility at East Karawang. "We are constantly striving to develop EV capability across our sales and after-sales network to deliver a superior customer experience," Chan added. TVS Motor Company Vice President EV International Business, Madhu Prakash Singh, said that globally, iQube has crossed a milestone of 6 lakh customers. "We are confident that the superior and comfortable riding experience of the TVS iQube will delight our customers in Indonesia," he added. iQube offers a real-world range of 115 km on a single charge. It has a top speed of 78 kmph and can accelerate from 0-40 kmph in 4.2 seconds, the company said.
Associated Press
2 days ago
- Automotive
- Associated Press
Best's Market Segment Report: Taiwan's Non-Life Insurance Premiums Continue to Increase Amid Underwriting Improvements
HONG KONG--(BUSINESS WIRE)--Jun 15, 2025-- Taiwan's domestic non-life insurance premium continued to increase in 2024, growing 10.5% to reach TWD 278.5 billion (USD 9.2 billion), according to a new AM Best report. The Best's Market Segment Report, 'Taiwan Non-Life Segment's Operating Performance Supported by Tighter Underwriting Guidelines,' also notes that this segment's overall capital & surplus level has continued to improve and crossed the TWD 150 billion mark last year. The driving force of Taiwan's non-life segment remains motor insurance, particularly voluntary motor, which contributed close to half of the segment's direct written premiums in 2024, despite the slightly slower overall premium growth last year, partly due to subdued growth in new car sales during 2024 and through the first quarter of 2025. In order to bolster electric vehicle (EV) coverage, Taiwan's insurance regulator implemented standardised EV motor policy terms in the second half of 2024. 'However, the motor segment remains cautious over expanding in this product line while insurers continue to accumulate data and claims experience to aid pricing sophistication,' said James Chan, director, AM Best. The combined gross written premiums of AM Best's eight rated non-life insurers rose 10.6% to TWD 192.8 billion in 2024, similar to the market's growth of 10.5% reported by all 14 domestic non-life insurers. All rated entities achieved premium gains in 2024, driven by expansions in voluntary motor, travel insurance and commercial lines. According to the report, Taiwan's non-life insurance segment achieved significant improvement in operating profitability for 2023 and 2024. Notably, following a year of historically poor performance in 2022, the market achieved a profit turnaround in 2023, due to the release of pandemic insurance-related reserves and the efforts of non-life insurers to bolster underwriting guidelines. 'Company strategies have included non-renewing unprofitable policies, increasing rates, raising policy deductibles, or applying higher co-insurance percentages,' Chan said. 'These measures are aimed at passing on part of the rising reinsurance costs and potential future losses to policyholders. Insurers also have adopted a more proactive approach in offering risk advisory services and implementing loss prevention measures.' To access the full copy of this report, please visit © 2025 by A.M. Best Company, its affiliates. ALL RIGHTS RESERVED. View source version on CONTACT: James Chan Director, Analytics +852 2827 3418 [email protected] Cynthia Ang Senior Industry Research Analyst +65 6303 5026 [email protected] Christopher Sharkey Associate Director, Public Relations +1 908 882 2310 [email protected] Al Slavin Senior Public Relations Specialist +1 908 882 2318 [email protected] KEYWORD: EUROPE HONG KONG ASIA PACIFIC INDUSTRY KEYWORD: FINANCE DATA ANALYTICS PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES INSURANCE SOURCE: AM Best Copyright Business Wire 2025. PUB: 06/15/2025 08:00 PM/DISC: 06/15/2025 07:59 PM
