Kolkata: TVS Motor Company Ltd hopes to sell 1.2 million two-wheeler
units during the year ending March 31, 2005, which will translate into a
turnover of around Rs3,000 crore.
2003-04, TVS Motor sold 1.1 million two-wheeler units, thereby generating
revenues of around Rs2,800 crore. The company said that the expected sales
of 1.2 million two-wheeler units in the current fiscal would include motorcycles,
mopeds and scooterettes. With the launch of the TVS Star for the "economy
segment", TVS Motor was hopeful of increasing its share of the domestic
market for motorcycles to 20-22 per cent from 17 per cent at present.
said that TVS Star had been received well in the market and, to keep pace
with the demand, the company's Hosur plant's capacity to manufacture the
bike was being augmented from 26,000 units per month, at present, to 50,000
units. Besides, a two-wheeler manufacturing plant is to be set up in Himachal
at an estimated investment of Rs90 crore. The plant is expected to commence
production by the end of the next fiscal.