TVS Motor EV Magnet Supply Recovery Boosts Electric Scooter Production

TVS Motor EV magnet supply constraints that previously disrupted electric vehicle manufacturing are now showing clear signs of improvement, offering relief to the company’s EV production roadmap. The update was shared during the company’s Q3 FY 2026 earnings call, reflecting progress in stabilizing a critical component of its electric vehicle supply chain.

Improvement in Magnet Availability Supports EV Output

The company acknowledged that rare earth magnet shortages had earlier impacted EV battery system production. Management confirmed that magnet availability has improved and continues to recover, enabling smoother manufacturing operations. This development is expected to normalize EV product flow into the market within the coming weeks.

Production Outlook for Key Electric Models

TVS Motor indicated that full EV product supplies are likely to reach the market in approximately another month, supported by improving component availability. Production volumes for its electric scooters are already reflecting this recovery.

• iQube production averages between 30,000 and 32,000 units per month

• Orbiter production is nearing 10,000 units per month

• Management stated the Orbiter will cross the 10,000 units per month mark

Supply Chain Stability Strengthens EV Growth Plans

With EV supply chain recovery gaining traction, TVS Motor is positioned to sustain production growth across its electric portfolio. Improved magnet availability reduces operational uncertainty and supports consistent manufacturing, reinforcing the company’s near-term EV delivery targets and broader electric mobility strategy in the Indian market.