Chennai-based, TVS Motor Company aims to expand its market share in motorcycles segment by 2.5% with the launch of new bike in 125 cc segment. At present, the company has 7% market share in motorcycles segment, which it expects to go up to 9.5%.
The entity is expecting monthly sales of 20,000 units of its new bike which has been rolled out in 125 cc segment. The overall market size of motorcycles in the country is standing at 8.5 lakh units per month which is facing flat growth this year.