Jan 12, 2017 04:39 PM IST IST | Source: Moneycontrol.com

TVS Apache to cost Rs 800 more, other models also expensive

TVS Motor Company Ltd, the third largest seller of two-wheelers in the country by volumes, has hiked prices of its highest selling brand of motorcycles -- Apache – by Rs 800. Each of the six models in the Apache range has seen an increase of the same quantum.

Dhirendra Tripathi
Moneycontrol

TVS Motor Company Ltd, the third largest seller of two-wheelers in the country by volumes, has hiked prices of its highest selling brand of motorcycles -- Apache – by Rs 800. Each of the six models in the Apache range has seen an increase of the same quantum.

Apache, also TVS' most premium offering in motorcycles, has seen the highest price increase in the company’s portfolio. Apache models come in 160-200 cc range. Other models are also priced higher by Rs 200 to Rs 500.

The Wego brand of scooters saw the lowest hike of Rs 200. Price of the XL 100 moped has been hiked by Rs 250.

The Chennai-headquartered company has kept the prices of its Jupiter brand of scooters unchanged. Jupiter is TVS' highest selling brand amongst all two-wheelers. The company sells three models in the Jupiter range.

TVS clocked sales of 184,901 units last month, the government's demonetisation drive being behind the 8.5 percent fall from December 2015’s sales of 202,021 units.

TVS’ price hikes follow market leader Hero MotoCorp Ltd’s increase of Rs 250-1500 across its portfolio.

While the two-wheeler makers have raised their product prices, four-wheeler manufacturers are still in the  process of announcing their price revisions.

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