TVS To Launch New Scooter, Motorcycle
TVS Motor Corporation will launch 2 new motorcycles – an all-new scooter and a motorbike – this fiscal, an elder TVS official has said. Additionally, TVS also plans to upgrade existing models to develop its two wheeler range. The Chennai based 2-wheeler creator has also earmarked capital costs worth Rs.500 core for the present fiscal, which will be invested in the business’s 3 industrial plants to ramp up production of existing, as well as new models. TVS Motor Company has manufacturing plants at Hosur in Tamil Nadu, Nalagarh in Himachal Pradesh and Mysore in Karnataka, “Also regular upgrades and refreshes of existing products, we plan to launch a new scooter and a bike this fiscal,” TVS Motor Company CFO and Executive Vice President, Finance SG Murali said. He however, didn’t share details about the forthcoming auto products.
The new motorcycle to be launched by TVS is expected to be the new TVS Apache RTR 310, a full-faired, entry-level sport bike built on the same engine as the BMW G 310 R, a bike jointly developed by TVS Motor Company and BMW Motored. The BMW G 310 R is made in India at the TVS manufacturing plant and is already on sale in Europe and the US. In India, the first bike to be launched under this partnership is predictable to be the Apache RTR 310, probable to be launched in 2017 July. The BMW G 310 R launch will be later, sometime in late 2017 or maybe even in early 2018. The difference in these two bikes is that, while the BMW G 310 R follows a naked street styling, the Apache RTR 310 will be a full-faired sport bike, the first such offering from TVS. The engine is the same as the BMW’s – a single-cylinder, liquid-cooled, four-stroke 313 cc engine which makes 34 bhp and 28 Nm on the G 310 R. The engine has a unique, back cylinder layout, with the intake pointing to the front and the exhaust towards the rear of the engine when mounted on the chassis. The Apache RTR 310 is expected to be priced around Rs.1.6-1.7 lakh (ex-showroom Delhi) and will be one of the most competitively priced full-faired bikes in the segment. TVS has a tactical partnership with BMW Motorrad to grow and manufacture sub 500-cc bikes both for international and domestic markets. The two companies had announced the alliance in 2013.
“We have started to export the BMW G 310 R and our version of the motorcycle will be launched this fiscal,” Murali said.
The new scooter in question is expected to be an all-new 125 cc scooter. TVS sells scooters under the Wego, Jupiter and Scooty brands, but all these scooters are in the sub-110 cc segment. The Jupiter is the company’s largest-selling scooter model, and is currently the second largest selling scooter in India as well. In 2016-17, TVS sold nearly 7.5 lakh scooters, overtaking Hero MotoCorp to become the second highest-selling scooter manufacturer after Honda Motorcycle & Scooter India. The 125 cc scooter is expected to be launched under the Jupiter brand name.