myTVS forays into EV mobility service
ECONOMY & POLICY

myTVS forays into EV mobility service

Digital automotive aftermarket platform myTVS announced plans to add 10,000 electric two-wheelers to its fleet by March next year as part of its new 'Mobility-as-a-Service' (MaaS) venture, aimed at supporting last-mile electric vehicle operators. The company, which is part of the TVS Mobility Group, has partnered with MoEVing, an EV-based logistics firm, to offer end-to-end vehicle management solutions through the MaaS platform.

TVS Vehicle Mobility, a group firm, will reportedly invest up to Rs 1.5 billion in the acquisition of these electric two-wheelers. myTVS Managing Director, G. Srinivasa Raghavan, shared that there is an opportunity in electrifying 10 lakh vehicles within the next 5 to 10 years in the e-commerce sector, but the immediate goal is to deploy at least 10,000 vehicles by March. He confirmed that all 10,000 vehicles would be electric two-wheelers and mentioned that the first rollout had already started with 250 electric two-wheelers and around 50 light commercial vehicles (LCVs).

Raghavan expressed confidence in the new venture, stating that the company is well-positioned to capitalise on the significant opportunity in the electrification of e-commerce vehicles over the coming years. He added that their MaaS platform had been designed to cater to both personal mobility and fleet customers, focusing on efficiency and sustainability.

Vikas Mishra, CEO of MoEVing, noted that the launch of the MaaS platform addresses a critical market need, offering a comprehensive solution. He highlighted that by leveraging myTVS' extensive network and technology, the collaboration would enable improved customer service while expanding their national presence.

Digital automotive aftermarket platform myTVS announced plans to add 10,000 electric two-wheelers to its fleet by March next year as part of its new 'Mobility-as-a-Service' (MaaS) venture, aimed at supporting last-mile electric vehicle operators. The company, which is part of the TVS Mobility Group, has partnered with MoEVing, an EV-based logistics firm, to offer end-to-end vehicle management solutions through the MaaS platform. TVS Vehicle Mobility, a group firm, will reportedly invest up to Rs 1.5 billion in the acquisition of these electric two-wheelers. myTVS Managing Director, G. Srinivasa Raghavan, shared that there is an opportunity in electrifying 10 lakh vehicles within the next 5 to 10 years in the e-commerce sector, but the immediate goal is to deploy at least 10,000 vehicles by March. He confirmed that all 10,000 vehicles would be electric two-wheelers and mentioned that the first rollout had already started with 250 electric two-wheelers and around 50 light commercial vehicles (LCVs). Raghavan expressed confidence in the new venture, stating that the company is well-positioned to capitalise on the significant opportunity in the electrification of e-commerce vehicles over the coming years. He added that their MaaS platform had been designed to cater to both personal mobility and fleet customers, focusing on efficiency and sustainability. Vikas Mishra, CEO of MoEVing, noted that the launch of the MaaS platform addresses a critical market need, offering a comprehensive solution. He highlighted that by leveraging myTVS' extensive network and technology, the collaboration would enable improved customer service while expanding their national presence.

Next Story
Infrastructure Transport

Subway Work Starts on Chennai-Bengaluru Highway

Construction has commenced on a vehicular subway along the Chennai-Bengaluru highway in Ranipet, a move expected to ease traffic congestion and improve safety for commuters. The subway is being built as part of the National Highways Authority of India’s (NHAI) larger initiative to enhance infrastructure along one of the busiest national highways in Tamil Nadu. The project aims to provide a smoother, more efficient route for vehicles, particularly in areas where traffic bottlenecks and pedestrian movement often lead to delays and safety concerns. The subway will allow uninterrupted vehicular ..

Next Story
Real Estate

Centre to Review Real Estate Act

The Central government is set to conduct a review of the Real Estate (Regulation and Development) Act (RERA), which was introduced eight years ago to bring transparency, accountability, and fairness to the real estate sector. The review aims to evaluate the enforcement of orders issued by RERA authorities and assess the overall impact of the act in protecting the interests of homebuyers while ensuring a fair regulatory environment for developers. As part of the review, the Centre has sought detailed reports from state-level RERA authorities on the current status of enforcement, focusing on the..

Next Story
Infrastructure Urban

IndoSpace to Invest Rs.4,500 Crore

IndoSpace, one of India's leading developers of industrial and logistics parks, has announced plans to invest  Rs.4,500 crore in establishing new logistics parks across Tamil Nadu. This significant investment aims to boost the state's industrial growth by enhancing warehousing and supply chain infrastructure. The logistics parks will cater to the growing demand for efficient storage and transportation facilities in various sectors, including e-commerce, automotive, and manufacturing, which rely heavily on seamless logistics operations. The new logistics parks are expected to spread acros..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000