Bengaluru, Aug. 29 -- TVS Motor Co. Ltd is looking to consolidate its leadership in the electric two-wheeler space with the launch of a new sub- Rs.100,000 scooter, but the automaker's management has yet to chalk out a clear path to profitability for its electric vehicle (EV) division.

TVS, based in Tamil Nadu's Hosur, on Thursday added the TVS Orbiter to its electric vehicle portfolio, which is currently dominated by the sales of the iQube. In a media briefing after the launch of its new product, the company's management pinned hopes on the new model to bolster its leadership in the EV segment. Electric vehicles accounted for nearly 10% of TVS's revenue from operations of Rs.36,251 crore in FY25.

TVS saw its two-wheeler EV sales surge ...