TVS Motor Company is set to launch the world’s first compressed natural gas (CNG) scooter in the next one year, as it follows the leader, Bajaj Auto, in unveiling the Freedom 125 CNG bike. The flagship project is the first move for the Indian two-wheeler market towards alternative fuel technologies.
The in-the-works CNG scooter from TVS, codenamed U740, will come with a 125 cc engine. The scooters are expected to go into production by September or October this year and the launch planned in the last quarter of 2024 or early 2025. The company plans to roll out about 1,000 units every month with this new green and clean mobility option targeted at reducing the anthropogenic carbon emission load.
TVS Motor Company has established itself for its acclaimed presence in robust research and development capabilities and a wide product portfolio. In line with this brand commitment of expanding the reach of CNG technology, along with the CNG scooter, TVS will launch one more electric vehicle, an internal combustion engine vehicle, and electric three-wheeler this year.
TVS is the third-largest two-wheeler manufacturer in Indiа and enjoys аn 18% market share, delivering аn estimated 3.15 million counts of sales volume in two-wheelers each year. The marketing of the CNG-powered Jupiter electric scooter should make quite а dent in that share as it operates essentially as The number two player in scooters, with а 25 percent market share, prosecuting apart of the commercials in-section hereof in keeping with TVS’s innovative outlook and commitment to environmental conservation.
Therefore, while Bajaj Auto has rapidly penetrated the market by introducing the Freedom 125 CNG Bike, a good commercial response to the serving attraction for mileage at a lower cost, TVS Motor has been encouraged by the competitive trend and decided to bring about an equally ecology and economical proposition in the scooter space.
This act of TVS Motor Company goes a long way—not only toward consumers who care about the environment but also in saving the carbon footprint of mobility in the overcrowded urban hubs of India.
Source: TVS Motor Company