TVS Motor aims to sell 22 lakh two wheelers and CVs this fiscal
Chennai based TVS Motors is India’s fourth largest two wheeler maker after Hero, Honda and Bajaj. TVS has revealed plans to increase their sales to 22 lakh units this financial year, after the company sold about 17.52 lakh units last year. This figure include both two wheelers and their commercial vehicles.
This means, that the company is planning to register over 25% increase in sales during the 2014/15 fiscal as compared to the same period last year. As of now, TVS Motors produces two wheelers from three of their plants – Hosur (Tamil Nadu), Mysore (Karnataka), and Nalagarh (Himachal Pradesh). While they manufacture commercial vehicles from their plant in Hosur in Tamil Nadu.
TVS Motors will also launch new models in order to augment their growth in sales. They have already launched a new motorcycle – Star City+ in the commuter segment this year. Further this year, TVS will launch the much awaited Scooty Zest automatic scooter and a 250 cc version of Apache. As of now, their TVS Jupiter automatic scooter is recording strong volumes in the segment. It competes with India’s best selling automatic scooter – Honda Activa.
The motorcycles, scooters and commercial vehicles manufactured by TVS are not only sold in India, but are also exported to other countries. Along with increase in sales in the domestic market, TVS also hopes to increase their exports.
Apart from this, the big development as far as TVS is concerned, their link-up with BMW Motorrad will soon bore some results. We can now confirm that they have already started testing the prototype BMW – TVS bike, which will be launched by the end of 2015.
via Economic Times