For now, TVS will focus on BS-VI and not electric: Venu Srinivasan

Expects two-wheeler industry to grow by 10 % in 2018-19

Companies News: TVS Motor would focus on BS-VI, Chairman Venu Srinivasan has said, reasoning that turning attention towards electric vehicle now won't make economic sense.

Addressing the shareholders on Tuesday, Srinivasan said the biggest challenge for 2018-19 will be Euro VI and the focus will be on addressing it.

"Electric doesn't make any economic or commercial sense now so the focus will be only on Euro-VI," Srinivasan said.

The company had earlier said it was planning to launch an electric vehicle in March. In February 2018, the company showcased an electric vehicle.

The two-wheeler industry is expected to grow by 10 per cent in 2018-19, but the major competitive threat would be BS-VI implementation, Srinivasan said, adding that TVS will be ready with BS-VI vehicles six months ahead of the mandatory date.

Addressing company's shareholders, the chairman said that in 2017-18, the major challenges were demonetisation, GST, and emission norms (BS-III to BS-IV) while infrastructure improvement and road projects have boosted customer demand.

Article Source >> BS