Two-wheeler major TVS Motor expects sales of its Apache series of motorcycles to hit 500,000 units at the end of this fiscal. This would translate into a 25 per cent growth in volume sales over the previous year. The company launched its new Apache RTR 160 4v on Wednesday.
"This (premium motorcycle) industry is growing very fast. We are estimating to sell 500,000 units in the Apache series, which is a growth of around 25 per cent," said K N Radhakrishnan, president and chief executive officer, TVS Motor Company.