TVS expects 18% growth

TVS Motor, the Rs 3,000 crore two-wheeler firm, seems to be back on the growth track after going through a lean patch last fiscal. The firm expects to post an 18 per cent topline growth this fiscal as against an almost flat performance last fiscal.

A spokesperson for the company said in Bangalore on Tuesday that this will better the industry's growth rate of 12-13 per cent.

"All our brands started to deliver this year and we are firing on all cylinders," the spokesperson added.

The company, for FY05, posted a topline of Rs 2,876 crore as against a topline of Rs 2,820 crore for FY04.

He added that the value-market segment has been a good driver for TVS Motor this year and this trend will continue.

"TVS Star City, the entry-level product, and the Victor brands have been doing well. The mopeds as well as the scotterettes are also doing smartly," he added.

TVS Motor will be looking at launching at least two products every year to be on the move. "It will reflect how differently we address a particular segment," he explained.