Chennai based- TVS Motor Company is eyeing about 18 per cent market share in the country’s two-wheeler segment over the next two years on the back of its recently launched products as well as new launches planned in the future.
The company, which on Tuesday expanded its scooter range with the launch of Scooty Zest 110 priced at Rs 42,300 (ex-showroom Delhi), plans to introduce a couple of new products, including a completely new Apache bike in the next 6-9 months.
“Our market share last year stood at 12 per cent. Currently, it is around 13.5 per cent. By the end of this year we expect it to touch 14-14.5 per cent and in the next two years it should be around 18 per cent,” TVS Motor Company Vice-President (Sales) J S Srinivasan told reporters here.
The Indian two-wheeler industry stood at over 50 lakh units in the April-July period of this fiscal. Commenting on the scooter vertical, Srinivasan said with the launch of the new model, the company would start selling 15,000 more scooter units in the next two months.