Expecting a self-effacing growth in the bike business in 2014-15, automobile manufacturer TVS Motor Company as some piece of reinforcing its vicinity in scooters and bike categories plan to present a huge number of dispatches this financial other than foraying into new abroad markets.
"A slew of new launches of motorcycles and scooters in 2014-15 are expected to further strengthen the presence of the company in motorcycle category and consolidate position in scooter category," the company's annual report said.
As indicated by the report, company sold 19.9 lakh bikes in accordance with a year ago (2012-13). Moreover, bike sales expanded by 4% and scooters by 6%. In any case, because of poor storm and decay of bike deals in Tamil Nadu, moped deals insignificantly declined.
On the other hand, three wheeler offers of the organization expanded by 63 for every penny in 2013-14.
Fares of bike expanded by 14 for every penny in 2013-14 because of interest development, better item blend and change in circulation organize in significant fare markets.
"Even though Indian economy has been experiencing a slow growth phase, the long term prospects for two-wheeler industry continue to be attractive," it said.
On the sale growth of three-wheelers, the company said a diesel variant was tried throughout 2013-14 and was relied upon to be taken off throughout the current budgetary year.
"Sales of three wheelers grew by 63 per cent. The company will consolidate the gains during 2014-15. Three wheeler diesel version was test marketed during 2013-14. The results are satisfactory and will be rolled out during 2014-15," it said.
Throughout the year (2014-15), PT TVS plans to introduce another 125 cc sports bike and another 125 cc predominant Skubek guaranteeing complete scope of bikes.