Scooter class has grown quicker than different classes: TVS Motor MD

Sudarshan Venu, Managing Director, TVS Motor Company, mentioned the share of scooters, each the ICE section and EVs, will proceed to develop.

“Scooter class has grown quicker than different classes in the previous few years. We are repeatedly launching merchandise and protecting our merchandise recent,” he mentioned, addressing shareholders on the firm’s thirty third annual common assembly (AGM) on Friday (August 22, 2025) .

  “TVS IQ has already surpassed 6 lakh items in gross sales, persevering with its market management in India’s EV section,” Mr. Venu mentioned.

The Norton Motorcycles (the enduring model which the corporate acquired) are coming for launch by the tip of this yr or early subsequent yr. Six new Norton autos, a few of which might be proven at International Motorcycle and Accessories Exhibition(EICMA) in November and some thereafter, he mentioned.

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“This will result in the resurgence of Norton and with this the revenues and the monetary efficiency will certainly enhance,” Mr. Venu mentioned.

“The market in Europe for e-bikes has been very sluggish. With the restoration of the market, the development in our merchandise and discount of prices and the launch of recent merchandise, we do hope to see progress on this entrance as nicely within the coming years,” Mr. Venu mentioned.

 “ On batteries, brakes and different elements of the availability chain, we are at all times engaged on lowering concentrations and on protecting a number of suppliers in order that we are able to create a resilient and strong provide chain,” he mentioned responding to a question from shareholders.

 “In anti-lock braking methods too, there are new gamers and extra gamers are investing on this enterprise and we are going to plan the availability chain protecting resilience in thoughts,” Mr. Venu mentioned. 

Effective August 25, 2025, Sudarshan Venu has been appointed as Chairman and Managing Director of TVS Motor.

Ralf Speth stepped down as Chairman of the Company on the shut of the AGM. The firm has appointed Speth as its Chief Mentor for a interval of three years efficient August 23.

Meanwhile,  the corporate mentioned its arm Norton Motorcycle Co. Ltd, UK, has included a completely owned subsidiary within the title of “Norton Motorcycle Private Limited” (“Norton India”) in India.