The Hindu Business Line : TVS hopes sales will touch 1.6 m

TVS Motor Company, the country's third largest two-wheeler maker, expects to sell 1.6 million vehicles in fiscal 2004-05, clocking a growth of over 33 per cent from the current year on increasing demand for motorcycles.

"We expect to sell 1.2 million motorcycles in 2004-05. Our overall sales will be 1.6 million two-wheelers," Mr C.P. Raman, President of TVS Motor Company said here, after launching the `Centra' model.

In the current fiscal year, TVS will sell 1.15 million to1.2 million vehicles, growing at over 10 per cent from 2002-03. Sales of its best-selling Victor model is likely to be 4.30 lakh units to 4.40 lakh units, up from about 3.75 lakh units last year, said Mr Harish K., General Manager, Marketing.

In the coming year, TVS will introduce more models across different categories, including a new variant of Victor, which could come with a 125 CC engine. Mr Raman said the new Centra, priced at Rs 36,990 (ex-showroom) is expected to sell 3 lakh units in 2004-05. The 100 cc, four-stroke bike will return a mileage of 100 km per litre under standard driving conditions.

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