TVS Motor Company expanded its electric vehicle portfolio in South Asia with the launch of the TVS King EV MAX, a connected passenger electric three-wheeler, in Nepal on May 15, 2026. The launch took place at Birtamod and marks the entry of TVS Motor's electric three-wheeler portfolio into a new international geography. The company positions the TVS King EV MAX as a smart, sustainable, and future-ready urban mobility solution designed for last-mile connectivity.

Key Specifications at a Glance

The TVS King EV MAX is engineered for urban commuting, combining performance, comfort, and connectivity. The vehicle is powered by a high-performance 11 kW motor paired with a 51.2V lithium-ion LFP battery with a capacity of 9.2 kWh. It delivers a certified range of 179 kms on a single charge and supports fast charging—reaching 0–80% in just 2 hours and 15 minutes, and 100% charge in 3.5 hours. The following table summarizes the product's core technical specifications:

Smart Connectivity and Comfort Features

The TVS King EV MAX is equipped with TVS SmartXonnect™, enabling real-time navigation, alerts, and vehicle diagnostics through the rider's smartphone. The vehicle features a spacious cabin and ergonomic seating design to maximize passenger comfort during urban travel. Its three driving modes—ECO, City, and Power—offer flexibility to suit varying road and traffic conditions, with top speeds of 40 kmph, 50 kmph, and 60 kmph respectively.

Leadership Perspectives on the Nepal Launch

Mr. Peyman Kargar, President, International Business, TVS Motor Company, commented on the launch: "Guided by TVS Motor Company's vision of transforming lives through mobility solutions that are exciting, responsible, sustainable, and safe, we are proud to introduce our electric passenger three-wheeler TVS KING EV MAX in the Nepal market. This launch reinforces our commitment to delivering innovative and exciting products across international markets and marks the entry of our electric three-wheeler portfolio into a new geography. We are confident that our customers in Nepal will find this customer offering very compelling."

Mr. Madhu Prakash Singh, Vice President, International Business, TVS Motor Company, added: "Nepal is an important market for us, with a strong leadership presence in passenger three-wheelers. The launch of the TVS King EV MAX marks a significant step in strengthening and expanding our product portfolio. Its compelling combination of long range, quick acceleration, top notch reliability and fast charging ensures high uptime — enabling more trips and greater earning potential for our customers. With our authorized distributor Jagdamba Motor Private Ltd's countrywide reach of Sales, Service & Parts network, our customers will have the ultimate peace-of-mind with easy access to world class customer care facilities."

Availability and Market Context

The TVS King EV MAX is currently available across select dealerships in Nepal and is expected to be rolled out across the full channel network by June 2026. Sales, service, and parts support will be provided through authorized distributor Jagdamba Motor Private Ltd's countrywide network. Nepal has emerged as one of the fastest-growing EV markets globally, with increasing adoption of electric three-wheelers driven by their lower operating costs and higher efficiency for urban and last-mile transportation.

About TVS Motor Company

TVS Motor Company is a reputed two and three-wheeler manufacturer globally, with four state-of-the-art manufacturing facilities in India and Indonesia. The company operates across 90 countries and is the only two-wheeler company to have won the prestigious Deming Prize. Its group company Norton Motorcycles is based in the United Kingdom, and its subsidiary TVS Ebike Company AG holds a leading position in the e-bike market in Switzerland.

TVS Motor Company Limited , through its wholly owned subsidiary TVS Motor (Singapore) Pte. Ltd and step-down wholly owned subsidiary TVS EBike Company AG, has entered into asset transfer agreements with Callista Asset Management 33 GmbH on May 14, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Overview

The asset transfer agreements record the arrangement for the proposed transfer of certain assets and liabilities owned by TVS EBike Company AG to Callista Asset Management 33 GmbH or any of its affiliates. The key details of the transaction are summarised below:

About the Parties Involved

The seller, TVS EBike Company AG, is a company incorporated under the laws of Switzerland, bearing identification number CHE-465.238.081, with its registered seat at Thurgauerstrasse 136, 8152 Glatt park (Opfikon). The buyer, Callista Asset Management 33 GmbH, is a company incorporated under the laws of Germany, with its registered seat at Steinstraße 48, 81667 Munich, Germany. Callista AMG was incorporated in April 2025, and during the period April 24, 2025, to December 31, 2025, it recorded a revenue of EUR 44.290,00. Callista AMG does not belong to the promoter, promoter group, or group companies of TVS Motor Company Limited.

TVS EBike's Financial Profile and Business Operations

TVS EBike's financial metrics for the calendar year 2025 are presented below:

TVS EBike operates a retail network in Switzerland under the m-way brand, while also managing B2B sales across Europe and the UK. The company designs, develops, and markets ebikes under a portfolio of owned brands:

• Cilo
• Simpel
• Allegro
• EGO Movement
• EBCO

Each brand offers distinct identities, high-quality engineering, and a focus on premium riding experiences.

Rationale and Nature of Transaction

The proposed transaction is not a slump sale but a transfer of certain assets and liabilities owned by TVS EBike. The board of directors of TVS EBike decided to proceed with the sale in light of evolving market conditions. The transaction falls outside the scope of a Scheme of Arrangement under Regulation 37A of the SEBI Listing Regulations, making that provision not applicable. There will be no change in the shareholding pattern of TVS Motor Company Limited as a result of this transaction.