TVS Motor Company has become the first Indian two-wheeler manufacturer to enter the Venezuelan market, in association with local distributor Servisuministros Jpg.
TVS is entering the Venezuelan market with 14 products comprising the entire Apache line-up; a diverse range of commuter motorcycles, some of which aren’t available in India (TRAK 150, Sport 100, HLX, Stryker, Raider 125); the XL 100 moped; the Ntorq 125 scooter; and the King GS and King Cargo three-wheelers.
TVS Motor Co is the second largest two-wheeler exporter in India after Bajaj Auto, which commands 43 percent of the export market. In the first six months of FY2023, TVS has exported 4,36,033 two-wheelers, which account for 26 percent of total two-wheeler shipments from India.
The company aims to expand reach and explore new opportunities for growth in South America. Rahul Nayak, vice president – International Business, TVS Motor Company said, “We are excited to introduce TVS Motors' diverse line-up of motorcycles, scooters and three-wheelers in Venezuela, making us the first Indian manufacturer to enter the market.”
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Nino Conersa Giancarlo Olivieri, CEO at Servisuministros Jpg, said, "We believe that the fusion of Indian engineering excellence with the rich cultural landscape of Venezuela will result in a thrilling experience for all motorcycle enthusiasts."
TVS currently has a presence in over 80 countries across Africa, Southeast Asia, the Indian subcontinent, Latin America and the Middle East. TVS also entered the Singapore market just under a year ago, and you can read more about that here.
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