TVS Motor Company, the Chennai-based two-wheeler maker is likely to introduce three products in 2012. The company is also re-launching its one of the best selling motorcycles 'Victor' in India, as it had discontinued the Victor four years back and was replaced by Centra.
For financial year 2012-13, the company has allocated a capex of Rs 125 crore and it is also mulling to increase its overall production capacity to about 32 lakh units annually by 2013-14, for which it may invest an additional sum of up to Rs 160 crore.
The company is launching another 125cc bike and a 125cc scooter in 2012. It will also unveil and test market a hybrid scooter 'Qube' from June this year that will be commercially launched in 2013. The hybrid scooter is expected to be priced around Rs 60,000-70,000. The company also plans to enter the diesel segment of three-wheelers in the next 12-18 months.
