As part of the deal, the company will acquire 1 million equity shares at 5.05 pound per share, subject to the completion of agreed conditions.
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It will be offered in Matte Blue, Racing Red, and Black. Globally, the Apache series has built a customer base of 6.5 million riders, TVS noted.
The two-wheeler segment locked a 30% uptick in sales for August 2025 coming in at 4,90,788 units against 3,78,841 units in August 2024.
The model comes in four variants: Fixed Side Deck (FSD), PF Platform, CBC-Cab Chassis and Container.
According to IBEE, its electric vehicles will be run in large volumes under the contract in key Tier 2 and Tier 3 cities of Tamil Nadu
The company said that operating margins for the quarter grew to 14%, sharply higher against 11.30% against the previous corresponding period.
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This move is a strategic expansion of TVSM's electric two-wheeler presence in Southeast Asia, where two-wheeler demand remains high.
The two-wheeler segment grew by 16% in March, with 4,00,120 units sold and domestic two-wheeler sales up by 14%.
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