Two-wheeler and three-wheeler manufacturer TVS Motor, will be focussing on strengthening its exports and international business for the next three to five years.
Along with entering new overseas markets, the Chennai headquartered company aims to improve exports from its Indonesia plant.
The company said it resumed operations from second week of May 2020 in a graded manner across all its factories in Hosur, Mysuru, and Nalagarh.
From the supply side, availability of manpower in tier-2 and tier-3 suppliers affecting the supply of parts and daily operations are likely risks.
The two-wheeler major has decided to reduce salaries at executive level, barring entry level workmen, from May till October this year.
Total two-wheeler sales during the month stood at 1,33,988 units as against 3,10,885 units in March 2019, down 56.9 per cent.
The novel coronavirus pandemic has led to an impact on the supply of certain components for the production of BS-VI vehicles, TVS Motor Co said in a regulatory filing.
Total two-wheeler sales during the month stood at 2,20,439 units as against 2,69,277 units in January 2019, down 18.13 per cent.
According to a company statement, the Race Edition features LED day-time running lamps, LED headlamp and also equipped with a hazard lamp enabled by a switch.
Domestic two-wheeler sales stood at 1,91,222 units last month as compared to 2,60,253 units in November 2018.
The company has seen an uptrend in October sales and has significantly rationalised BS-IV stocks for the transition to BS-VI.
The event will be held annually, and will serve as a platform for the company to establish a strong connect with Apache Owners Group and performance motorcycle enthusiasts.
Two -wheeler major TVS Motor has entered the lifestyle auto accessories segment to sell branded shoes, jackets, etc., through a network of about 1,000-odd dealers.
Total two-wheeler sales during the month stood at 3,00,909 units as against 4,10,657 units in September 2018, down 26.72 per cent.