TVS Motor Company has experienced a significant increase in shares this year, strengthening its position in the electric vehicle (EV) market.

As the second-largest electric two-wheeler manufacturer in India, TVS plans to expand its EV portfolio with multiple new launches throughout the financial year.

In the latest quarter, the company achieved a milestone with EV sales increasing by 31 percent, reaching a record 75,000 units.

TVS expressed confidence in surpassing industry growth and highlighted its strong position in the market.

While specific guidance on profitability was not provided, the company reported revenue of Rs 1,600 crore from the EV segment in the first half of the financial year, demonstrating its commitment to the evolving market.