 "TVS Motor to launch three products by January 2016")
Two-wheeler major TVS Motor has lined up three major launches in the next six months.
Addressing shareholders at the company's 23rd Annual General Meeting today, Venu Srinivasan, chairman, TVS Motor Company Ltd said that a new four-stroke Moped, a new TVS Victor and Apache 200cc will be launched in the next six months.
He added that the launch of TVS Victor will strengthen company's presence in the executive segment, where it has low presence.
Srinivasan said 2014-15 was relatively a slow year, but 2016-17 will be "dramatic" for the two-wheeler and for automobile industry. The current fiscal, he said, will continue to be slow.
Saying that the slowdown in the rural economy has affected the two-wheeler industry, Srinivasan said that while the growth in the first half was 16%, growth in the second half was a marginally 1%. In 2014-15, company sold 24.1 lakh two wheelers, up 20.9% as compared to 2013-14 sales.
Srinivasan said the company's market share has increased to 13.2% from 11.8% in the previous year.