TVS Motors expects to maintain growth momentum in current financial year
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TVS Motors in its Annual Report for 2022-23 said that it has an optimistic outlook for the current financial year. The company said that there is a general consensus that India will continue to lead the growth rate among major economies.
New Delhi. TVS Motor Company expects to maintain its growth momentum in the current financial year on the back of a strong economy and continuous improvement in road infrastructure. According to the company, there will be good demand in the premium bike and scooter segment due to increased exports in 2023-24. Apart from this, electric two-wheelers will also get support. TVS Motors in its Annual Report for 2022-23 said that it has an optimistic outlook for the current financial year. The company said that there is a general consensus that India will continue to lead the growth rate among major economies.
Along with this, the demand for two-wheelers will remain strong due to improvement in road infrastructure. TVS projects an annual growth of 22.8 per cent in 2022-23, compared to the industry average of 15.5 per cent during the same period. In the annual report, it was said that in case of monsoon being affected due to El Nino, sales in rural areas may be affected.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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