TVS Motor Company announced the rollout of the one millionth TVS iQube electric scooter from its manufacturing facility in Hosur on June 25, 2026. This milestone underscores the company's role in shaping India's electric mobility transformation and reflects the country's progress towards sustainable, smart, and self-reliant mobility. The achievement highlights the accelerating adoption of electric vehicles in India, driven by in-house engineering and manufacturing capabilities.

The company has played a significant role in the EV category through sustained investments in research and development, product innovation, and ecosystem development. The TVS iQube is designed, engineered, and manufactured in India, combining local ingenuity with global quality standards. Sudarshan Venu, Chairman of TVS Motor Company, stated that the rollout reflects the scale at which electric mobility is becoming part of everyday life in India, supported by years of investment in innovation and manufacturing.

Since its launch in 2020, the TVS iQube has expanded into a portfolio with multiple battery capacities, range options, and connected features. The growth is supported by a sales and service network of over 3,300 touchpoints across more than 3,000 cities. The company has continuously invested in manufacturing and capacity expansion to make electric mobility accessible across the country.

The collective impact of the TVS iQube rider community includes significant environmental benefits. Since launch, customers have ridden over 14.94 billion kilometres, helping avoid 522,969 tonnes of CO2 emissions. The carbon savings are equivalent to planting nearly 20.9 million trees, demonstrating the tangible impact of electric mobility at scale.

Key Environmental Impact Metrics

About TVS Motor Company

TVS Motor Company, part of TVS VENU, is a globally reputed manufacturer of two and three-wheelers. The company operates four state-of-the-art manufacturing facilities located in India and Indonesia. It is the only two-wheeler company to have won the prestigious Deming Prize and has been ranked No. 1 in the J.D. Power Customer Service Satisfaction Survey for four consecutive years.

TVS Motor Company Limited has secured shareholder approval to appoint Mr Ravindran Shanmugam as a Non-Executive Independent Director for a period of five consecutive years effective May 13, 2026. The resolution was passed via a special resolution through a postal ballot e-voting process, concluding on June 20, 2026. This governance decision strengthens the company's board structure as it moves forward with its strategic oversight.

The e-voting process commenced on May 22, 2026, and concluded on June 20, 2026, providing shareholders the facility to vote electronically. A total of 402,256,374 valid votes were polled, representing 84.67% of the outstanding shares. The proposal received overwhelming support, with 99.81% of valid votes cast in favour and 0.19% against. The requisite majority for a special resolution was achieved as the votes in favour exceeded three times the votes against.

Voting Breakdown

The detailed voting results across different shareholder categories highlight the broad consensus on the appointment. Promoters and the promoter group cast 238,782,786 votes in favour, constituting 100% of their participation. Public institutions and non-institutions also supported the resolution significantly.

Procedural Details

B Chandra and Associates, Practising Company Secretaries, acted as the scrutinizer for the postal ballot process. The firm verified the votes cast against the register of members and the list of beneficiaries. The notice for the postal ballot was sent to shareholders on May 21, 2026, and public advertisements were published in Business Standard and Makkal Kural on May 22, 2026. The scrutinizer confirmed that the resolution was duly passed with the requisite majority.