TVS Motor becomes first Indian auto manufacturer to enter Venezuelan market
TVS Motor Company, a leading manufacturer of two-wheelers and three-wheelers globally, announced its momentous entry into the Venezuelan market today. “This makes TVS Motor the first Indian automobile manufacturer to enter the market with a host of 14 SKUs for the enthusiastic riders of Venezuela, with their local distributor, SERVISUMINISTROS JPG," the company said in today's regulatory filing.
The product lineup in this market includes a range of premium motorcycles, such as the TVS RR 310, TVS Apache RTR 200 FI, TVS Apache RTR 160, and TVS Apache RTR 200, as well as commuter motorcycles like the TVS TRAK 150, TVS Sport 100, TVS HLX, TVS Stryker, and TVS Raider, as well as other utility vehicles, sporty vehicles, and three-wheelers. The company ranks amongst the top five automobile manufacturers in the world, with a presence in over 80 countries across Africa, Southeast Asia, the Indian Subcontinent, Latin America, and the Middle East.
Speaking on the occasion, Rahul Nayak, Vice President, International Business, TVS Motor Company, said, “TVS Motor Company has set a benchmark in catering to the diverse needs of customers globally. We are excited to introduce TVS Motor's diverse lineup of motorcycles, scooters, and three-wheelers in Venezuela, making us the first Indian manufacturer to enter the market.
Our presence in this dynamic market marks a significant achievement for our global expansion strategy and is a historic step towards our global ambitions." “We are delighted to enter Venezuela with a host of products across our premium and commuter range of two-wheelers, as well as three-wheelers. In line with our values of keeping customers at the core of our offerings, our foray into the market will pave the way for us
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