India's leading automobile conglomorate TVS Motor  Ltd aims to build ''sustained dominant play'' in the electric vehicle (EV) sector by taking benefits of different government programmes like production-linked incentive schemes, among others.

According to the company's annual report for 2021-22, the company has ambitious intentions to expand its electric business.

"The company will fully exploit the government's PLI (Production-Linked Incentive) and FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) efforts to strategically create a sustained dominant role in this category," it stated.

The industry is expected to grow significantly, and the corporation has ambitious goals for this sector, the company said.In addition, as part of its strategic partnership with BMW, TVS Motor Business will explore the combined design and development of urban EV choices for international markets," the company said.

With over 600 engineers, the company has formed a specialised vertical for the EV industry and implemented Centres of Competency (COCs) with an agile working strategy.

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