Slowdown in two-wheelers only a temporary phase, says P Srinivasavaradhan of TVS Srichakra

TVS Group's tyre-manufacturing arm, TVS Srichakra, has rolled out a new brand called 'TVS Eurogrip', in a bid to boost its export portfolio as well as aftermarket sales amidst two-wheeler slowdown.

P Srinivasavaradhan, President of TVS Srichakra, spoke to CNBC-TV18 spoke to CNBC-TV18 about the slowdown in the sector.

On the growth front, Srinivasavaradhan said, “If you see in the global arena, there is a factor called penetration; penetration is the number of two-wheelers that a country has vis-à-vis the population. India is one of the fastest growing economies in the world. The second aspect is if you take a country like Indonesia, the penetration level of the two-wheelers against the population is very high. Statistics very clearly indicate that the penetration level in India, especially for the two-wheelers, is half that of Indonesia or even less. So it gives you room for a lot of growth."