TVS Motor Company today introduced its latest motorcycle from its stable TVS Victor in Hyderabad and hinted at the company gaining market share in the next financial year by one percentage point taking it to 15 per cent up from 14 per cent this year.

JS Srinivasan, Vice-President, Sales and Service, said that the country’s two-wheeler market, which started off a bit sluggishly in the first half, has seen better momentum in the past few months and is likely to be up by about two per cent, where TVS has a market share of 14 per cent.

“We expect the two-wheeler market to grow by about five-six per cent next financial year. With a couple of new models in the portfolio, including Victor and the to-be-rolled-out Apache 200, we would be able to further consolidate our market share,” he explained.

Speaking on the sidelines of a press conference to launch the new bike, he explained that the motorcycle market now generates volumes of about 14 lakh unit per month, registering a growth of about two per cent. This is likely to go up by about 5-6 per cent next financial year. TVS expects to close with total sales of 22 lakh this year in the domestic market.”

“TVS currently sells about 1.85 lakh units per month. This includes 55,000 motorcycles, 65,000 scooters and 60,000 mopeds per month. With the addition of two more models to the portfolio, this number is expected to go up,” he said.

In the country’s motorcycle market, TVS has a market share of nine per cent and 15.5 per cent in the scooter segment, and expects to consolidate both the segments next fiscal.

Correction

TVS Victor is a 110cc motorbike. The accompanying picture caption had got it wrong.

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