TVS Motor has plans to export auto-rickshaws to African and Latin American markets leveraging its two-wheeler distribution network, besides neighbouring countries, a senior company official said on Wednesday.
The company’s President-Marketing, H S Goindi said here TVS has started exports last month, shipping 96 units. Export markets identified include Sri Lanka, Bangladesh and some African and Latin America countries.
He said TVS has a two-wheeler distribution network in many of these countries and exports would depend on issues such as regulations and permits in those countries. It’s also looking at countries which may allow auto-rickshaws in future.
TVS aims to capture 50 per cent of market share in three-wheelers in the country in the next three-four years.
On exports of two-wheelers which have been declining for TVS blamed on “global recession”, he said the trend is expected to be arrested in the next two months and shipments would pick up again.
The company would launch a new motorcyle and a gearless scooter in December-January. TVS Motor is looking at double digit growth in overall sales in the current fiscal.
TVS on Wednesday launched TVS King LS, a four-stroke LPG auto-rickshaw for the Karnataka market with an ex-showroom (Bangalore) price tag of Rs 1,15,563.