After note ban, TVS back on the growth path

Hopes to end FY17 with 14.3% market share

TVS Motor, the two-wheeler major, said it would close this financial year, 2016-17 (ending this month), with a 14.3 per cent market share, close to its target of 15 per cent.

Also, that it would launch a new motorcycle and scooter brand, and that it had plans to invest Rs 350 crore in the coming financial year.

K N Radhakrishnan, chief executive, said their market share in the December quarter was 15 per cent. However, from November to February, due to demonetisation, a poor monsoon and other factors, the industry slowed and so did their growth.

“We hope to exit at 14.2-14.3 per