The international two-wheeler business of TVS Motor Company has achieved sales of one lakh units in March.
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Two-wheeler and three-wheeler maker TVS Motor Company Limited (TVS Motor Company) said on Wednesday that its two-wheeler exports reached one lakh units in March 2021. That is, if one day figure is taken out, the company has sold about 3225 vehicles. Accordingly, more than 130 vehicles have been sold in 1 hour.
Sudarshan Venu, joint managing director of TVS Motor Company, said in a statement that this is an important opportunity for TVS Motor, as our international two-wheeler business achieved sales of one lakh units in March. TVS Motor also said that the UK-based Norton Motorcycle is currently finalizing the construction of the new factory and is expected to open by the middle of the second quarter of 2021.
Actually, recently the company acquired Norton Motorcycle and the company is going to open a state-of-the-art factory. Currently its construction work is going on and it can be opened in the middle of second quarter. With this, the company will have a new beginning. The Indian company, through one of its overseas subsidiaries, acquired Norton Motorcycle in April 2020 with 16 million pounds (about 20 million dollars).
TVS new factory will open soon
TVS Motor said that Norton is currently finalizing the construction of its new factory in Solihull and is expected to open by the middle of the second quarter of 2021. This will start a fresh new chapter. In January 2021, Norton Motorcycle announced that the company would move towards the most advanced manufacturing facility.
Recently launched new model of Apache
TVS Motor Company recently launched the 2021 version of its motorcycle model Apache RTR 160 4V. The ex-showroom price in this Delhi is Rs 1,07,270. The company told the stock market that this model with 159.7 cc single-cylinder engine will be available in two versions. Its disc brake version has been priced at Rs 1,10,320 and the drum brake version has been priced at Rs 1,07,270.
(Input-INAS)
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