The 310cc motorcycle and its engine were developed jointly with the German automobile giant BMW on a common platform/architecture.
Not revealing any numbers about the number of units made or shipped out for BMW President and CEO K.N. Radhakrishnan said it is up to the German auto major to talk about the numbers.
Speaking to a group of journalists who visited the company's Hosur plant on Tuesday, Radhakrishnan said TVS Motor is yet to decide on the distribution model-separate network or sold through existing dealership - for its own 310cc bike Akula that would be launched next fiscal.
Radhakrishnan said the company has budgeted a capital expenditure of around Rs 350 crore next fiscal towards capacity expansion and other aspects.
"The investment will be funded out of internal accrual," he said.
According to him, the company has started rolling out BS-IV emission norms compliant vehicles.
Radhakrishnan said the company will close the fiscal 2016-17 with a market share of around 14 pct as the sales scooters and motorcycles picking up.
He said the company's current market share in scooters is around 17 pct (Q3 2016-17), motorcycles eight pct (Q3 2016-17).
He said the company's revenue from spare parts sales is around 10 pct.
Queried about the three wheeler market, Radhakrishnan said sales has dipped owing to various market factors, saying nearly 65 pct of the three wheeler produced are exported where the market has gone down.
On the company's Indonesian venture, Radhakrishnan said the business is expected to breakeven next fiscal with losses halved this year to $3 million from around $6 million.
BMW To Squeeze More Mileage Out Of Luxury Segment
Honda Launches Compact Crossover WR-V Priced Up To Rs.9.99 Lakh