TVS Motor boosts ASEAN EV footprint with ION Mobility integration

TVS Motor Company (BSE:532343) is expanding its electric vehicle (EV) capabilities in Southeast Asia through the integration of ION Mobility's assets, intellectual property, and talent. TVSM, a strategic investor in ION Mobility, aims to leverage ION's in-house capabilities in EV technology to capitalize on the fast-growing motorbike market in the region. James Chan, Founder and CEO of ION Mobility, has joined TVS Motor Company as Senior Vice President and will lead TVSM’s business across ASEAN. He will also spearhead the development and launch of the M1-S electric mobility platform. This move will help TVSM accelerate market penetration and grow market share in Southeast Asia.