TVS will release a 310 cc bike prior to this fiscal, leveraging quickly moving items to the maximum degree and presenting brand-new items are strategies prepared by TVS Motor Company Ltd to touch 15 per cent market share this year, a gain of around two percent, stated a leading business official.
President and CEO K. N. Radhakrishnan likewise stated the company’s CapEx this year will be around Rs 400 crore ($60 million) and the existing production capacity will suffice for the next 18 months. “This fiscal, we will introduce our 310 cc bike. Before the end of this financial we wish to do some volumes,” stated Radhakrishnan.
The 310 cc motorcycle and its engine were established collectively with the German car giant BMW on a typical platform/architecture, he stated. Queried about lower engine capacity when compared to Eicher Motors Ltd’s Bullet variety of bikes that start with 350cc, Radhakrishnan stated: “We have actually thought through the problem. It will do well.”
During the Auto Expo 2016, TVS Motor showcased a 310cc race bike named TVS Akula. When mentioned the rate of TVS Motor’s high-end motorcycle Apache 200 (around Rs 1,05,000 ($1,568) on-road, Chennai) and whether the 310 cc bike would have to be priced above that, Radhakrishnan refused to comment.
Radhakrishnan informed that main objective of the company is to increase sales volume, which, in turn, would make the dealerships lucrative and reduce the element costs and improve the success. He said the Victor motorcycle is expected to drive volume for the company while the moped section is expected to remain at around 70,000 units each month.
“The Victor bike is doing about 15,000 units monthly and we wish to take it to 20,000 per month. Development for the company will come from scooters,” Radhakrishnan stated.
