Two-wheeler industry to grow 6-8 % in FY20; we will outpace it: TVS Motor

Company foresees some challenges due to migration to BSVI norms in 2020 and due to international trade environment

Auto major TVS Motor expects two-wheeler industry to grow 6-8 per cent in 2019-20, an improvement over the growth of around 5 per cent over 2018-19.

In a communication to shareholders the company said higher year-end inventory across trade, higher product costs due to escalated commodity prices of last year and advanced safety regulation implementation from April 2019 can impact the industry growth in the initial part of the year.

From April 1, 2020, the industry will undertake a significant change in migrating from BSIV to BSVI emission norms. Hence, in second half of 2019-20, BSVI transition will pose some challenges and