Nano won't affect us, says TVS | autos | Hindustan Times
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Nano won't affect us, says TVS

autos Updated: Jan 13, 2008 23:10 IST
Deepak Joshi

Two-wheeler manufacturer TVS Motor Company said on Sunday that it would not be impacted by the launch of Tata Motors Rs 1 lakh car— 'Nano'. The company has no plans to enter the four-wheeler as is being done by its arch rival Pune-based Bajaj Auto Ltd.

"Today used cars are available for Rs 1 lakh. Our two-wheelers are available for half the price and have twice the mileage. Customers will continue to buy two-wheelers even if they opt for the Rs 1 lakh car," TVS chairman Venu Srinivasan told newsmen.

Outlining the companies' overall strategy for the next few years, he said the company would focus on launching new two-wheeler and three-wheeler models in the domestic and export markets. "We aim to increase our production from 2 million to 4 million units in the next 2-3 years. We will target south east Asian and South American markets for exports," he added.