Magnets dealing on rare earth daily, volume hit: TV

New Delhi: The issue of electric vehicles has been increased by the problems of supply of magnets to the Durmal Earth, which is on the issue of day-to-day management, and the company is still not out of Woods, Senior TVS Motor Company’s senior TVS Motor Company SAID said on Thursday. The company and other industry players are discussing with the government to overcome the challenge and exempt the home value added requirements for Prime Minister Advive and PLI plans.

Chairman of the TVS Motor Company, Bharat 2W Business, Gaurav Gupta, said, “The situation has affected the industry. It has affected almost every player. So far the single-way is not ahead. We are all at the same time in the same way of management,” said TVS Motor Company Chairman-Bharat 2W Business, Gaurav Gupak.

He was responding to the question of how the company is dealing with the deficiency of rare earth magnet – an important factor for electric vehicles after China banned exports.

Gupta further said, “There is also the speed and agility of working on allergic measures, but this is still in progress. We are following the guidance available from the market and accordingly. We hope and we are optimistic that the customers coming forward helps their favorite vehicles to come to their favorite vehicles in a recent way.”

However, they said, “We are not out of the forests yet. This is almost everyday management, a weekly approach to a week, looking for alternatives to how to make our vehicles possible.” On the second question on EV sales consequences, Gupta said, “You have definitely a loss because of the festive season. In terms of dimensions, it is difficult because vehicles are in high demand and EVS is already increasing by 20 percent. It has affected the industry.” Whene asked if the company has helps with the governance and the issue for the domestic value additions for the pm edrive and pli schems, TVS Motor Comp person EVP Global Product Planning and Design Manu Saxena Said, “The Situation is Industry Wide and All of us are the same boat on the same boat and that make a Life a Life Bit. Is doing its bit, and we are in constant conversations with them, and they are doing their bit to Kind of Ease. ”

Special about getting exemption on home value added requirements, he said, “We have all talked to the government, yes, on many matters.”

On the newly launched electric scooter TV orbiter, Gupta said that it was created on the platform to meet the needs of both domestic and global markets and the company would consider exporting it at the right time.

He said that TV has invested around Rs 3 CRore crore for the development of the new model, which will be brought across India in a phased phase of Bengaluru.

The company on Thursday launched its new electric scooter, TV orbiter, Rs 99,900 (X-Showroom, Prime Minister E-Drive Scheme, Bangalore).