Car Loan News
TVS to launch CNG bike in January 2008
Monday,3rd September 2007
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TVS Motor Company, who plans to foray into the three-wheeler segment, also plans
to launch a CNG-powered motorcycle and a new electric scooter by January 2008. Media reports that the company will spend about Rs 100 crore till 2010 on these new products. It has spent about Rs 700 crore for the development of new products and expansion of capacities since the year 2005. The company is developing a range of hybrid vehicles for the Indian market. TVS has entered into a technical collaboration with AVL of Austria to develop technology (CC-VTi or controlled combustion variable timing intelligent) for its bikes. |
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