The country’s two-wheeler sales are likely to be in the range of 11-13 per cent this fiscal year, led by higher demand for scooters and 125 cc economy bike segment, according to TVS Motors.
JS Srinivasan, vice president, sales, TVS Motors Company, said the scooter segment had been outperforming other categories of two-wheelers at 30-35 per cent sales growth. TVS Motors, which has the likes of Jupiter, Wego and Scooty in the scooter segment, expects to achieve two-wheeler sales growth of 25 per cent in the current fiscal.
“We expect monthly two-wheeler sales to be 25 per cent higher at 185,000 units as against the last year's average of 148,000 units; and the annual sales to be 2.2 million as against 1.8 million units last fiscal,” said Srinivasan. Overall, TVS expects a market share 14 per cent in two-wheelers, he added.
In terms of scooters, the company aims to clock a growth of 40 per cent at 70,000 units this year, when compared with 50,000 last year. Srinivasan said any affect of looming El Nino on the rural two-wheeler demand would likely be seen in the next financial year.
To a question on capital expenditure for the current fiscal, Srinivasan said the company had no investment plans this fiscal as it was having a capacity to manufacture 280,000 units. For TVS, South India contributes close to 50 per cent to the entire sales. The company’s two-wheeler exports, predominantly to Asia and Africa, stood at 25,000 units every month, and is growing 30 per cent.
TVS on Tuesday launched its latest 110cc Star City+ kick start version priced at Rs 44,900 (ex-showroom) in the Andhra Pradesh market.