TVS Motors, a leading Indian company, has recently made its entry into Venezuela, becoming the first Indian company to do so. The company has partnered with local distributor Serviceministros JPPG, which will handle the sales of two-wheelers and three-wheelers. The range of vehicles includes TRAKE 150, Sport 100, Striker, Raider 125, XL 100 mopeds, and more.
This expansion into Venezuela is a significant milestone for TVS, as it adds a new opportunity for the brand. TVS already has a presence in South America and has established itself in more than 80 countries in Southeast Asia, Africa, Latin America, and the Middle East.
Rahul Nayak, Vice President of TVS, expressed his excitement about this achievement, stating that TVS Motors has set a standard in satisfying the diverse needs of customers worldwide. He added that they are enthusiastic about introducing TVS motorcycles, scooters, and three-wheelers in Venezuela, making them the first Indian manufacturer to enter the market. This global expansion in the mobility market is a significant achievement for TVS.
The entry into Venezuela will also include the retail sales of King GS and King Cargo three-wheelers. This move will open up new opportunities for the brand in the country.
TVS Motors’ expansion into Venezuela showcases its commitment to expanding its reach globally and catering to the needs of customers in various markets. With a diverse lineup of motorcycles and other vehicles, TVS Motors aims to make a mark in the Venezuelan market and continue its growth in the international automotive industry.
Summery:
TVS Motors has recently entered Venezuela, becoming the first Indian company to do so. The company has partnered with local distributor Servismenistros J.P.G., which will be responsible for selling their two-wheelers and three-wheelers, including the TRAKE 150, Sport 100, Striker, Reader 125, and XL 100 mopeds. In addition to Venezuela, TVS also sells the King GS and King Cargo three-wheelers in over 80 countries. TVS already has a presence in South America, and their entry into Venezuela will provide new opportunities for the brand. TVS Chairman Rahul Nayak stated that this achievement establishes TVS as a global standard in fulfilling customers’ diverse needs. They are excited to present their diverse lineup of motorcycles, scooters, and three-wheelers in Venezuela, making them the first Indian manufacturer to enter the market. This expansion in the mobility market is a significant accomplishment for TVS’ global expansion strategy.
