TVS Motor Envisions Growth Amidst Positive Industry Outlook

TVS Motor Chairman Ralf Speth expressed optimism about the domestic two-wheeler industry’s growth trajectory for the current fiscal year, driven by factors such as normal rainfall and a resurgence in rural demand. The company anticipates a gradual recovery in export markets, particularly in Africa, Latin America, ASEAN, and the Middle East.

Speth highlighted the company’s strategic focus on electric vehicles (EVs) as a key growth driver, aligning with its 2030 vision. TVS is committed to sustainable innovation and meeting evolving customer preferences through its EV offerings.

The company’s partnership with BMW Motorrad is set to expand with the development of additional new vehicles for global markets. This collaboration builds upon the successful partnership that commenced in 2013, focusing on sub-500cc motorcycles.

TVS has made significant strides in its international expansion, including entering the European market through a distribution partnership. The company has homologated a range of EV and internal combustion engine (ICE) products for this market and is poised to commence operations.

Domestically, TVS continues to invest in its network, focusing on enhancing customer experience through store renovations and innovative initiatives like the “Try and Fly” campaign. The company’s strategic emphasis on premiumisation and portfolio expansion, particularly in the sneaker category, demonstrates its commitment to meeting evolving consumer preferences.

“With a young, intelligent, thriving workforce, the nation is well-positioned to leverage its advantages. I am also convinced that India can benefit from major shifts in the geo-political, geo-economic, environmental and social landscape. India can go its own way. India can overtake,” Speth stated.

About TVS Motor Company Ltd

TVS Motor Company Ltd (TVSM) is engaged in manufacturing two-wheelers and its accessories. It currently manufactures a wide range of two-wheelers and three-wheelers.

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