The Indian manufacturer TVS Motor will likely be presenting their new hybrid scooter later this month, called the iQube. They also plan to invest in another Indian manufacturer named Ultraviolette Automotive.
The hybrid scooter may be presented as early as the 23rd of August, indicated by press invitations for the date. The reveal itself has not been announced explicitly, but indications are strong that the vehicle has entered serial production.
It was also announced that TVS Motor will be investing a sum of 60 million rupees (765,000 euro) in Ultraviolette Automotive. Ultraviolette is based in Bengaluru and is a provider of electro mobility solutions. Ultraviolette is also working on an electric motorcycle, and plans to expand their development section with the fresh capital.