TVS Motor Company Limited has kicked-off the soft launch of its new economy segment motorcycle "� Star "� in Tamil Nadu through local meets organised by its dealers. |
At a launch event in Chennai on Wednesday, a TVS Motor official told Business Standard that the aim was to carry out ground level promotion in order to help the customers get a better idea of the product. |
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'Star' competes with Bajaj Auto's 'Boxer' and Hero Honda's 'CD Dawn' in the economy segment. The TVS official said that the company aims at capturing about 30-35 per cent of the marketshare in Tamil Nadu for economy segment motorcycles in the near future. |
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"The vehicle has been designed with ruggedness and stability as terms of references. The rural market is expected to be an important segment for the company," he added. |
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Star's Tamil Nadu launch was preceded by its launch in North India. A press release issued by Prabha TVS, the Chennai dealership which sponsored the soft launch, said that over 50,000 units of the motorcycle have been sold so far. |
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The 100-cc , four-stroke Star's on-road price in Chennai is Rs 35,400. |
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