TVS Motor to launch new products

TVS Motor Company is set to launch new products, including an economy-category motorcycle and a scooter, in the next three months. In this regard, the company has lined-up capital expenditure of around Rs 250 crore. The company is upbeat about FY15 and expects to improve its market share in the two-wheeler industry from 12.5 per cent to 14-14.5 per cent. Moreover, the company is betting big on the TVS Jupiter and TVS Wego. It may be noted that the company sold about 100,000 units of TVS Jupiter since its launch in September 2013. TVS Motor Company is the flagship of the $6 billion Indian conglomerate, TVS Group which recently celebrated one hundred years in the automotive business in India. The company recently won 'India's Most Trusted Two Wheeler Brand' Award from the Times Group.