TVS Motor Launches Orbiter V1 EV Scooter at ₹49,999, Introduces Battery-as-a-Service
TVS Motor launched the TVS Orbiter V1 electric scooter starting at ₹49,999 with Battery-as-a-Service (BaaS). The BaaS model lowers upfront costs and offers flexible ownership. The scooter provides a range of 86 km and features advanced connectivity and safety options.
The launch of a new product and an innovative pricing/ownership model can positively impact sales and market share in the growing EV segment, but its full impact depends on market reception and competition.
The launch of a new, more accessible EV model and the introduction of a flexible ownership model (BaaS) are positive developments for the company, aimed at increasing EV adoption.
TVS Motor Company has expanded its electric vehicle (EV) portfolio with the launch of the TVS Orbiter V1, an electric scooter priced starting at ₹49,999 (ex-showroom Delhi, inclusive of PM e-Drive). This new model, featuring a 1.8 kWh battery, is positioned as the most accessible electric scooter in the company's lineup.
Alongside the Orbiter V1, TVS Motor has introduced a Battery-as-a-Service (BaaS) model across its entire EV portfolio. This BaaS offering allows customers to subscribe to battery usage rather than purchasing the battery upfront, thereby reducing the initial cost of the EV. Customers opting for the TVS Orbiter V1 without BaaS can purchase it for ₹84,500 (ex-showroom Delhi, inclusive of PM e-Drive).
The TVS Orbiter V1 is designed for urban commuting and offers a certified IDC range of 86 km. It supports 0-80% charging in approximately 2 hours and 20 minutes. Key features include a connected mobile app, LED headlamp, colored LCD cluster with call display, crash and fall alerts, remote battery charge and odometer checks, turn-by-turn navigation, and dual ride modes (Eco and Power) with regenerative braking. The scooter also comes with a 845 mm long flat-form seat, 290 mm straight-line footboard, 34-litre under-seat storage, Hill Hold Assist, Cruise Control, and Parking Assist.
Gaurav Gupta, President – India 2W Business, TVS Motor Company, stated that the Orbiter V1 and BaaS model represent a significant shift in EV ownership, enhancing flexibility and providing clarity on the cost of ownership. Aniruddha Haldar, Senior Vice President – Head Commuter & EV Business and Head Corporate Brand & Media, added that the company aims to consolidate its leadership in the EV space and accelerate EV adoption in India through accessible options and flexible ownership models like BaaS.
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TVS Motor Company Limited filed this with the NSE as a statutory disclosure, categorised under product launches. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by TVS Motor Company Limited. Read the original for the full detail.