Tamil Nadu based TVS Motor is expecting to double its revenue from scooter sales in the current fiscal on the back of its newly launched vehicle ?Wego? and robust market growth, a company official said today.
?Our sales from scooter segment will reach Rs. 1,500 crore- Rs. 1,600 crore in the current fiscal because of our new offering Wego in the market and good growth happening in country?s scooter market,? Company?s General Manager (Marketing), S Srinivas told reporters here today.
This is twice of its revenue from scooter sales in 2009-2010, where it netted Rs. 800 crore from sales in its scooter range including Teenz, Pep and Streak.
TVS is now eyeing sales of 4.8 lakh units of scooters this fiscal against 3 lakh units sold last year.
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