TVS Motor Company has officially launched the TVS Orbiter V1 electric scooter, marking a significant expansion of its electric vehicle portfolio with an innovative Battery-as-a-Service model. The launch was announced through a regulatory filing under Regulation 30, demonstrating the company's commitment to making electric mobility more accessible to Indian consumers.

Product Launch and Pricing Strategy

The TVS Orbiter V1 represents the most accessible entry point in the company's electric scooter range, with strategic pricing designed to accelerate EV adoption across India.

Technical Specifications and Features

The TVS Orbiter V1 is engineered for practical urban commuting with advanced connectivity and safety features. The electric scooter supports 0-80% charging in approximately 2 hours and 20 minutes, making it suitable for everyday mobility needs.

Battery-as-a-Service Innovation

TVS Motor has introduced the Battery-as-a-Service model across its entire EV portfolio, representing a paradigm shift in electric vehicle ownership. This innovative approach separates vehicle pricing from battery costs, providing customers with greater financial flexibility.

The BaaS model offers comprehensive benefits including extended warranty up to 5 years or 70,000 km, unlimited monthly usage throughout the chosen tenure, and flexible payment plans. This service model addresses traditional concerns about battery ownership and maintenance while making electric vehicles more accessible to a broader customer base.

Market Positioning and Leadership

According to Gaurav Gupta, President – India 2W Business at TVS Motor Company, the launch strengthens the company's well-defined EV portfolio while introducing greater ownership flexibility. The company's approach focuses on providing customers with clear understanding of overall cost of ownership through the separation of vehicle price from battery usage cost.

Aniruddha Haldar, Senior Vice President – Head Commuter & EV Business, emphasized the company's commitment to consolidating leadership in the EV space and advancing India's electric mobility journey. The positive customer reception of the previously launched TVS Orbiter V2 reinforced the opportunity to expand the lineup with more accessible options.

TVS Motor Company Limited has secured listing and trading approval from both major Indian stock exchanges for its preference shares, marking a significant corporate milestone. The company received formal approvals on March 6, 2026, paving the way for enhanced market accessibility of its preference securities.

Stock Exchange Approvals Received

The National Stock Exchange of India Limited (NSE) granted approval through letter No. NSE/LIST/0009 dated March 6, 2026, while BSE Limited issued its approval via letter No. DCS/AMAL/BW/4113/2025-26 on the same date. Both exchanges have confirmed that trading will commence effective March 10, 2026.

Preference Shares Details

The approved securities comprise 190,03,48,456 6% cumulative non-convertible redeemable preference shares with specific trading parameters:

Trading Symbols and Codes

The preference shares will trade under distinct identifiers on both exchanges to facilitate seamless market operations:

Regulatory Framework

These preference shares were issued pursuant to a Scheme of Arrangement between TVS Motor Company Limited and its shareholders, which received sanction from the National Company Law Tribunal, Chennai through an order dated July 31, 2025. The securities are classified under the F GROUP on BSE and will be traded exclusively in dematerialized form.

Market Infrastructure

Integrated Registry Management Services Private Limited serves as the registrar and transfer agent for these securities. The company is located at II Floor, Kences Towers, No.1, Ramakrishna Street, North Usman Road, T Nagar, Chennai - 600017. All future regulatory filings and compliance requirements will be managed through NSE's Electronic Application Processing System (NEAPS) for streamlined operations.