by Editor News
The company says that the TVS BS-VI Models are currently under process and will be ready by the second half of FY20.
Chennai based two-wheeler brand, TVS Motor is all set to drive in BS-VI compliant vehicles as well as an electric vehicle in the second half of the on-going financial year 2019-20. The company says that the TVS BS-VI Models are currently under process and will be ready by the second half of FY20. However, the company have still not revealed the models and price increase for BS-VI vehicles.
The company’s CEO K N Radhakrishnan and CFO K Gopala Desikan said: “By the last quarter, we want complete BS-VI products in the market.” Currently, the company is working on creating the dealer network for BS-VI compliant two-wheelers which will be ready soon. Even though the company does not have a proper EV roadmap, the company is also planning to add an EV this year.
Radhakrishnan also said that the company has invested in electric technology, and in this financial year, the brand is planning to launch an EV as well. Closer to the launch, the company will be able to give the customers more details.
Earlier, the company's chairman Venu Srinivasan on implementation of electric vehicles said, "To force an unrealistic deadline for mass adoption of electric two and three-wheeler, will not just create consumer discontent, it risks derailing auto-manufacturing in India that supports 4 million jobs."
The management of the brand is confident that the sales will revival during the festive season. However, weak demand is most likely to take a toll on volumes. The overall car and bike market of the country has faced a downfall in this financial year. The upcoming BS-VI compliant vehicles and electric vehicles have increased the cost of production, which in turn might increase the vehicle’s cost as well. The companies are worried about future sales in the country and are trying their best to keep the costs as low as possible.
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