Double digit growth in two-wheeler segment to stay: TVS

The firm's May sales were up 27% year-on-year

Two-wheeler manufacturer, TVS Motor Co Ltd today expressed the hope that double digit growth in two-wheelers would continue at least for another 3-4 months.

“In the last few months two-wheeler segment was growing at double digit and the trend will continue at least for another 3-4 months,” TVS vice-president, sales J S Srinivasan said here.

Most auto companies had registered sharp growth in sales in May. Replicating the trend TVS also registered 27 per cent jump in sales over the corresponding month last year.

Srinivasan said the company was trying to increase market share in commuter or economy segment motorcycles from six per cent to double digit. “Our market share in premium motorcycles and scooters is 13-14 per cent so we have immense scope to increase our share in the commuter segment of two wheelers.” he said.

The company was aiming high with its new Star City plus that would replace the existing Star City model. Star City and Sport, were in the commuter segment (up to 110cc). “We are aiming to increase our sales to 45000 from 33,000 units per month in the next few months,” Srinivsan said.

“We want to promote these two models and not propose any more models in this segment at least for the next two years,” Srinivisan said.

TVS, claimed it commanded a market share of 13 per cent in the two-wheeler category in the country.