The company expects to make a turnaround during the next fiscal, when it plans to launch 3 two-wheelers and 4-stroke and 2-stroke three-wheelers.
"There has been a slump in the two-wheeler market due to lack of availability of vehicle financing specially in B and C towns. Our motorcycle sales are expected to touch 7 lakh units in the current fiscal compared to 9 lakh in 2006-07. But scooter and moppet will compensate for it," TVS Chairman Venu Srinivasan told reporters here.
He said revenues during 2007-08 would be hit marginally and the company expects to close the fiscal at Rs 3,700 crore compared to Rs 3,860 crore in 2006-07.
TVS Motor Company is planning a slew of launches to turn around its fortunes starting with 125 cc bike 'Flame', which would be available across the country by February.
It would also introduce a new scooter and a new variant of its premium bike 'Apache' during 08-09.
The company would launch its 2-stroke three-wheelers by end of this month followed by 4-stroke three-wheelers by April.
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