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TVS Motor aims to increase its market share to 14% in FY15: Report

16 Sep 2014 Evaluate

TVS Motor Company is reportedly aiming to increase its market share to 14% from 12% by end of FY15, encouraged by the 30% sales growth clocked in the first five months of the current fiscal. Moreover, the company is targeting to sell 2.2 million two-wheelers during the current year, a growth of 26% over the previous fiscal. The company’s market share at the end of five months during the current fiscal has gone up to 13.2%.

Recently, the company launched TVS Scooty Zest 110 here and this model, the company expects would bring additional sales for the company. The company has spent in excess of Rs 75 crore to design and develop the new scooter. It also launched upgraded models of Wego earlier this year.

Currently, the company sells 60,000 scooters a month out of 350,000 units a month sold by all companies. It also sells 60,000 units of motorcycles and 60,000 units of mopeds every month. It also exports 30,000 units every month.

TVS Motor Company is the flagship of the $7 billion Indian conglomerate, TVS Group which recently celebrated one hundred years in the automotive business in India. The company has recorded 23% growth in sales during the month of June 2014, with total primary sales increasing from 164,128 units recorded in the month of June 2013 to 202,177 units in the month of June 2014.

 

TVS Motor Share Price

3743.60 -7.00 (-0.19%)
17-Apr-2026 16:59 View Price Chart
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