"TVS Apache is fast becoming vehicle driven by racing enthusiasts globally. This year we are targeting to sell five lakh units in the Apache series," TVS Motor President and CEO, K N Radhakrishnan told reporters after unveiling the new 160cc variant.
To a query as to whether the company would phase out the existing Apache models, he said, "market would decide that."
It was during the launch of Apache RR310cc in December last year, company Joint Managing Director, Sudarshan Venu had announced that they would launch 160cc Apache variant "very shortly."
Radhakrishnan said the 160cc model would be available in the company outlets across the country over the next 10-15 days.
On the company's target to sell 5 lakh units of Apache models during the current financial year, another company official said TVS Motor has been selling 33,000 units of Apache every month while exports constitute about 8,000 units.
The 160cc Apache base variant is priced at Rs 81,490 (ex-showroom New Delhi) while the top-end fuel injected variant is priced at Rs 89,990 (ex-showroom New Delhi).
The TVS Apache RTR 160 4V series would available in three stunning colours, Racing Red, Metallic Blue and Knight Black.
It also retails TVS Victor, Star City+ in the commuter segment.
The company also sells scooterette Scooty WEGO and Jupiter among others.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)