TVS Motor Warns EV Prices Could Rise 10-12% in Q4
TVS Motor says battery and electric-component costs have already risen 10–12% this year and could face further pressure if the Iran crisis persists, pushing EV prices higher. Gujarat EV adoption is slow due to limited customer awareness and concerns about charging infrastructure, even as TVS opened a third Ahmedabad dealership and promotes incentives, plus a six-year battery warranty.