TVS, India’s fourth largest two-wheeler manufacturer plans to launch its five new models by December 2014.
Venu Srinivasan, chairman and MD, TVS Motor Company said, “Poor monsoon has impacted the agriculture output and inflation pressure also resulted people to tighten their spending. People are investing in unproductive areas like real estate and gold”. He also added that in the last three years petrol prices increased by 46%.Due to these factors, two wheelers industry grew 2.4% growth only.
He added “It’s just 11 years since we broke our partnership with Suzuki. We are doing everything to improve our quality and technology. In the last three years, the focus has been on improving the quality keeping BMW and Honda as benchmarks. These improvements delayed some of our launches”.
But the company will also launch TVS Scooty, a new scooter -Wego for male commuters and an upgraded version of Star City during this fiscal year