TVS Motor plans major electric scooter capacity expansion
TVS Motor plans to increase electric two-wheeler capacity from 60,000-65,000 units a month to 80,000 by March 2027, as EVs exceed 20% of India’s scooter market. Its stock rose 0.9%, with futures showing short covering.
pre-market1 source ↓machine-written, see hownot a recommendation
- BAJFINANCE close
- ₹938.90
- On the day
- +2.36%
- Futures OI, long build-up
- +3.3%
- Put-call ratio
- 0.89
- Max pain
- ₹940.00
TVS Motor Company plans to raise electric two-wheeler production capacity to 80,000 units a month by the end of March 2027, from its current operating level of 60,000-65,000 units a month. Chief executive officer KN Radhakrishnan disclosed the expansion plan to investors as electric scooters gain share in India’s two-wheeler market ⚡.
Electric vehicles currently represent around 11-12% of India’s overall two-wheeler market, while their penetration in the scooter segment has crossed 20%, according to the company. The capacity increase positions TVS Motor to serve a larger addressable market as consumer adoption of electric scooters expands. It also increases the importance of execution, including commissioning timelines, product demand, supply-chain readiness and the ability to operate the added capacity efficiently.
Key Points:
• Current electric two-wheeler capacity is about 60,000-65,000 units a month; the planned next level is 80,000 units a month by March 2027.
• Electric vehicles account for 11-12% of the overall two-wheeler market, while electric scooters have exceeded 20% penetration.
• The stock closed at ₹4,280 on 29 Oct 2026, up 0.9%, with volume of 1,953,948, according to OI Charts data.
• Futures open interest fell 7.5% alongside the price gain, indicating short covering. The futures premium was 0.59%.
The derivatives setup places the largest call open interest at ₹4,500 and the largest put open interest at ₹4,000, with max pain at ₹4,200 for the 23 Nov 2026 expiry. These levels provide the immediate positioning backdrop for the stock, while the planned capacity expansion is a longer-term operating development. The stock had gained 5.1% over five sessions and 3.0% over 20 sessions as of 29 Oct 2026 📈.
Investors will watch for updates on the capacity commissioning schedule, electric scooter volumes, market share and profitability as production scales. The wider automobile sector is also tracking whether rising EV penetration changes the competitive balance between electric-only players and established two-wheeler manufacturers 🛵.
Source: The Economic Times, 29 Oct 2026
Not investment advice. For informational purposes only.