TVS to launch 100 cc scooter, motorcycle

TVS Motors is planning to launch a 100cc scooter and a motorcycle for the executive segment by the end of the current financial year, said Venu Srinivasan, chairman and managing director. The company also said capital expenditure for the current financial year would be Rs 30 crore as compared to Rs 75 crore in 2008-09.

Speaking at the sidelines of the company’s annual general meeting here today, Srinivasan said both types of vehicles will be made at their Hosur plant. Currently, TVS makes two scooters — Scooty Pep and Scooty Streak — in the sub-100cc segment.

The company also plans to launch its four-stroke three-wheelers in Delhi, Bangalore and Kolkata, where the demand has picked up due to government mandate. TVS had five per cent of the market share in three-wheelers in 2008-09, said Srinivasan.

Commenting on their Indonesian subsidiary, PT TVS Motor Company, in which TVS Motors had invested Rs 60.7 crore last year, Srinivasan said for the current financial year, the company had set a target of selling 20,000 units of the TVS Neo, launched for the Indonesian market. The number of dealers has been increased to 120 from 25 last year.