New Delhi -°C
Today in New Delhi, India

Nov 19, 2019-Tuesday
-°C

Humidity
-

Wind
-

Select city

Metro cities - Delhi, Mumbai, Chennai, Kolkata

Other cities - Noida, Gurgaon, Bengaluru, Hyderabad, Bhopal , Chandigarh , Dehradun, Indore, Jaipur, Lucknow, Patna, Ranchi

Wednesday, Nov 20, 2019

Nano won't affect us, says TVS

TVS Motor Company also says it has no plans to enter the four-wheeler as is being done by its arch rival Pune-based Bajaj Auto Ltd, reports D Joshi.

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

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.