The Supreme Court on Monday allowed Chennai-based two-wheeler company TVS Motor Company Ltd to manufacture TVS Flame, a 125-cc bike sporting twin-spark plugs, the technology for which Bajaj Auto allegedly holds the patent rights.
Two-wheeler maker TVS Motor Company Ltd will enter the three-wheeler segment in an year's time, its chairman Venu Srinivasan said on Friday.
Two-wheeler major TVS Motor Company Ltd on Wednesday announced the launch of two new 150 cc bikes before the end of this financial year and more investments into the R&D for development of new products.
TVS Motor Company Ltd has posted a net profit of Rs 324.80 million for the quarter ended December 31, 2002 as compared to Rs 106.80 million in the quarter ended December 31, 2001.
TVS Motor Company Ltd is planning to introduce new models in the market during the next four months, a company official said in Kolkata.
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