TVS Motor Co expects sales to grow by over 14 per cent this fiscal and is gearing up to launch two new models towards the end of the calendar year. For the 2010-11 fiscal, the company had posted a 33.17 per cent increase in sales to 20,46,668 units from 15,36,919 units in the previous fiscal. Its total two-wheeler sales rose 31.86 per cent to 20,06,808 units from 15,21,939 units in the previous fiscal. The company indicated that it is unlikely that the expectation of around 25 per cent growth in the two-wheeler market will happen this fiscal.
It would re-enter the Indian electric scooter market with some existing and new models during this fiscal. The company was carrying out test runs of about 50 electric scooters, comprising some of its existing and new models, across various towns in the country. In April, 2008, TVS had launched electric scooterette 'Scooty Teenz Electric' with high hopes of selling around 40,000 units per year. However, it had stopped the production since May, 2009, as it received a lukewarm response from the market. The company had also shelved plans to launch electric three-wheelers.crackcrack
Company Name | CMP |
---|---|
Bajaj Auto | 9068.10 |
Hero MotoCorp | 5041.90 |
TVS Motor | 2134.25 |
Eicher Motors | 4726.15 |
Atul Auto | 561.35 |
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