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NT Bureau
Chennai, June 30:
 

TVS Motor Company's chairman and managing director, Venu Srinivasan addressing a press conference held on Thursday.

        TVS Motor Company is all set to launch an electric bike by the end of this year in what may be considered an attempt to redefine the two-wheeler market in the country

        Announcing the electric bike at a press conference on Thursday, Venu Srinivasan, CMD, TVS Motors, said the company would subsequently introduce two or three variants next year. Currently, TVS has plans to launch three variants, including a new model of TVS Star and an upgraded version of TVS Apache during this year end.

        To improve its service levels in North India, TVS has set up a plant in Himachal Pradesh recently with an annual capacity of four lakh units which could be expanded up to six lakh units. The company also launched a 160cc Apache with 15.2 bhp on the occasion for the youth and a new variant under TVS Star brand.

        For the year ended March 2007, the company recorded a growth of 19 per cent with total revenue at Rs 3,928 crore as compared to Rs 3,306 crore for the previous year.

        TVS would enter into the three-wheeler market in November and the products would be rolled out from the Hosur plant. The company would open the Indonesian venture to come out with two products initially.