Two new bikes from TVS by the second half of fiscal 09

TVS Motors will launch two new bike in the second half of fiscal 09. The news is broken by TVS Motors' senior Vice-President, SG Murali in a TV interview. The company hopes to increase the sales after the launches. TVS thinks its wide range of products help to boost the sales in the second quarter that ended 30th September. TVS Motors net profit increased to 136 per cent and operating profit to 47 per cent. It managed a year-on-year sales growth of 10 per cent. However it is far behind from Bajaj Auto and Hero Honda that registered y-o-y sales growth 15 per cent and 27 per cent respectively. Mr, Murali added that its Flagship models TVS Apache and TVS Star has done well and contributed to the profit. On the other hand Hero Honda's flagship model is Hero Honda Splendour Plus and TVS has one another popular product-TVS Scooty.