TVS Motor Company Aims for Robust Growth Amidst Global Expansion

TVS Motor Company expects to outpace competition in both domestic and international markets due to new product launches and strategic regional operations. CEO KN Radhakrishnan is optimistic about rural market recovery and international expansion, especially in Africa, Latin America, and the Middle East, despite facing logistical challenges.

TVS Motor Company is poised to grow faster than its rivals in both domestic and global markets this fiscal year, driven by new product launches and bolstered operations in key regions. CEO KN Radhakrishnan expressed optimism about continued growth, particularly with favorable monsoon conditions aiding rural market recovery.

Internationally, the company aims to excel in regions such as Africa, the Middle East, and Latin America. Radhakrishnan highlighted the company's strong product portfolio and commitment to quality and technology as factors that will drive success both locally and abroad.

Despite challenges like the Red Sea logistical issues and African currency devaluation, TVS has implemented countermeasures and anticipates better performance in the near future. The company has allocated over Rs 1,000 crore for capital expenditure this year to support new product development, including electric and internal combustion engine models.

(With inputs from agencies.)