+
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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code