TVS Motor expects 16% share in 2-wheeler segment by 2017
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TVS Motor company is expecting 16% market share in the two-wheeler segment next year, helped by robust sales of the newly-launched TVS Victor motorcycle.
The company, having 14% market share in the segment, is targeting to sell 25,000 units of TVS Victor per month this year. The motorcycle was relaunched in January after being discontinued in 2007.
TVS Motor's market share in Tamil Nadu, which is 31%, is likely to touch 35% next year, J S Srinivasan, Vice-President, Sales and Service, TVS Motor Company told reporters here.
Earlier he launched the new TVS Victor at a function.
Claiming that TVS has witnessed a 30% growth in the last two years as against the industry growth of 10 to 12%, Srinivasan said the company would achieve 10% growth compared to two per cent in the two-wheeler industry.
The company also expects to increase sales of XL moped from 65,000 per month to 75,000 per month from the next fiscal, he said.
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