Friday, June 29, 2007

TVS to launch new bikes, three-wheelers and e-bike

Addressing a press conference here on Thursday, Venu Srinivasan, Chairman and Managing Director, said TVS Motor would launch half-a-dozen new products over the next 12 months. An upgraded 160 cc Apache motorcycle had just been launched. It was planning one more upgrade of Apache, he said. The company would also come out with a bike in the executive segment in the second-half. It would launch another bike in the segment thereafter and they also plan to launch an electric bike at the end of this year and introduce two to three variants next year.

The much talked about entry into three-wheeler would now happen sometime in November. The Indonesian venture would launch two products, he added. Sales from the Indonesian venture would be around Rs. 300 crore (TVS was hoping to sell 75,000 bikes there this year). And, the revenue from three-wheeler sales from its Hosur plant would be around Rs. 70 crore (with projected sales of 10,000 units). Mr. Srinivasan said that TVS was hoping that the revenue from these two (Indonesian venture and three-wheeler) would gross Rs. 750 crore next year. Yet, the biggest increase in revenue would come from sales of bikes in the executive segment, he added.

TVS has started operations at a new plant in the northern Himachal Pradesh with an annual capacity of 400,000 units, which can later be scaled up to 600,000 units. The plant will help extend its presence in the northern states, it said.