Monday, June 15, 2009

TVS eyes 12-15% growth in FY10

Eyeing a 12-15 per cent sales growth in current fiscal, TVS Motor Company Ltd today said it will launch two new vehicles -- gearless scooter and bike in the executive segment -- in the next four months.

''We will launch a a gearless scooter and a bike in the executive segment in the next four months...We are also looking at double digit growth in sales which should be around 12-15 per cent,'' Company Prseident Marketing H S Goindi told reporters here.

The company, which has witnessed growth in mopeds and motorcycles sales in the domestic market, however, maintains that finance is still a problem.

''If the financing becomes a bit easier, it would further push up the two-wheeler sales in the country,'' Mr Goindi said.

The company has around 28 per cent market share in the scooter segment which does not include its electric vehicles.

TVS today launched the new Apache RTR 180 in the premium segment priced at Rs 63,999 (ex-showroom Delhi) and plans to sell about 2,000 units of it in a month.

Also, it will be selling its new Flame SR 125 from this month onwards and targets to sell about 8,000-10,000 units by this year-end.

The two-wheeler manufacturer is banking on the moonsoon season to push up its sales.

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