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By EquityPandit

BUSINESS

Lucas TVS to Foray into EV Charging Infrastructure

Lucas TVS, part of the TVS Group and a leading automotive component maker, is planning to develop electric vehicle (EV) charging stations soon. “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 $8.5-billion TVS Group, had announced its strategic partnership with Tata Power for the implementation of EV charging infrastructure across the country.

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