TVS Motor Company has entered into electric motor vehicle sector with the launch of scooter iQube Electric. he scooter can travel up to 75 kilometres in a single charge, reach a top speed of 78 km per hour, and comes equipped with a home charging system. he scooter has been equipped with the TVS SmartXonnect platform and its features include geo-fencing, incoming call and SMS alerts, charge status and navigation assist. One of the industry veteran has also spoken on why the automobile industry is asking for GST reduction. He said that “Our customers have been hit with multiple shocks that have led to a 45 percent increase in prices. We are looking at zero or negative growth in the first half of next fiscal. The industry needs an 18 percent GST to offset the price increase”.
TVS Chief Venu Srinivasan wants 10% GST rate cut on hybrids as automaker launches iQube electric
Date:
