Lucas TVS plans foray into EV charging infrastructure
Business Standard|October 16, 2021
Lucas TVS, part of the TVS Group and a leading automotive component maker, is planning to come up with electric vehicle (EV) charging stations soon.
SHINE JACOB

"Our aftermarket business has service networks all over India. As part of it, we are exploring the opportunity to set up charging stations," said Arvind Balaji, managing director of Lucas TVS.

Early this month, TVS Motor Company, the flagship firm of the $8.5billion TVS Group, had announced its strategic partnership with Tata Power for the implementation of EV charging infrastructure across the country. This comes at a time when Lucas TVS and the US-based 24M Technologies are planning to come up with a $2,500crore Giga factory near Chennai for making semi-solid lithium-ion (Li-ion) battery cells.

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