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TVS Motor is heading to Central America in a big way

CHENNAI: Chennai-based two-wheeler manufacturer TVS Motor is jump-starting market expansion in five countries in the Central American region by taking the local partner route for distribution, a significant overseas foray targeted to bring home Rs 500 crore in revenues in three years.

The Apache maker has been present in region but with insignificant volumes. However, it sees vibrant demand in Guatemala, Honduras, El Salvador, Costa Rica, and Nicaragua as the countries collectively offer a $250-million market, witnessing volumes of half a million two-wheelers, of which TVS wants to hold about a fourth in about three years. The targeted foray, predominantly in motorcycles, will have vehicles up to 200-cc power with redevelopments to suit preferences in these markets.

TVS is partnering with MASESA, a 17-year-old closely held company that now has deep roots in the Central American distribution space, which TVS will leverage by opening 500-600 exclusive outlets in the next 12 months. By itself, Masesa sells 65,000 two-wheelers and 5,500 three-wheelers every year. With 500 exclusive dealership facilities and 1,100 employees for two-wheelers on its payroll, Masesa registers an annual turnover of about $300 million.

The two-wheelers would be manufactured in its plants in India and Indonesia, at a later date, to be shipped out. The agreement will have TVS developing and manufacturing exclusive motocycles for the region and MASESA handling the marketing and sales, distribution, services and spare parts.

“Right now, we will start off with a large distribution and, perhaps, move into assembly manufacturing in time to come. We see it as a big area of opportunity for us,” Sudharshan Venu, joint managing director of TVS Motor, told select mediapersons.

TVS Motor has so far ventured into exports will sizeable market capture in Sri Lanka, Bangladesh, Central Asia, and Africa. “We want to scale that up further and the next logical frontier is to go to Central America, and may be deeper into Latin America too. But, the ‘big push’ for the next one year will be Central America,” he said.

The company will ship 100-cc scooters, and motorcycles of 100-125 cc along with the variants of the Apache up to 200 cc and two products from its Indonesian plant. The product offerings also include the three-wheeler TVS King DLX. The company will examine the prospects of making in Central America once it achieves certain sales targets. The company has begun sending vehicles in March.

The Central American foray is expected to add significantly to the overall tally of revenue flow from exports, which currently makes up 20-22% of the total revenues of TVS Motor. In April, TVS registered a 44% jump to sell well over 10,000 more units to finish the month with 35,485 in two-wheeler exports.

Analysts see the foray as one benefiting the topline of TVS Motor. Binaifer F. Jehani, Director, Industry & Customised Research,

CRISIL

Research, said: "It will be beneficial as the Central American region would result in higher realisations and profits from TVS as compared to their African operations. However, TVS would not be the first to hit these markets as there are many players who have gone there."

TVS Motor strengthens Central America presence through tie-up with Cadisa Group

CHENNAI: Chennai-based

TVS Motor

Company has announced partnership with Cadisa, one of the largest business groups across Guatemala and El Salvador, for the opening of 15 flagship outlets for TVS Motor in a phased manner.

The $8.5-billion TVS Group exports to over 60 countries.

TVS Motor Company will also be present in 17 multi-brand outlets and over 150 retail stores across Guatemala.

The company will operate over 25 service outlets to ensure complete service and spare support. The range of two-wheeler and three-wheeler offerings will be supplemented with attractive retail finance schemes, said a release.

R Dilip, Executive Vice-President-International Business at TVS Motor said: “The unique network of distribution that Cadisa has developed makes them the best strategic ally for TVS Motor Company. With this partnership, we will be able to offer customised products with complete service and spare parts for our customers throughout Central America and consolidate our presence in the region.”

TVS Motor will also partner with Cadisa to showcase three new products at an automotive expo in Guatemala City.

Air pollution damaging millions of kidneys every year

WASHINGTON: The global toll of chronic kidney disease (CKD) attributable to air pollution is significant, according to a recent analysis.

Benjamin Bowe from the VA Saint Louis Health Care System and his colleagues previously described an association between increased levels of fine particulate matter and risk of developing CKD.

In their latest research, the investigators used the Global Burden of Disease study methodologies to estimate the burden of CKD attributable to air pollution.

The estimated global burden of incident CKD attributable to fine particulate matter was more than 10.7 million cases per year.

Epidemiologic measures of the burden of CKD attributable to air pollution including years living with disability (meaning years living with kidney disease), years of life lost (meaning early death attributable to kidney disease), and disability-adjusted life years (a measure that combines the burden of living with the disease and the early death caused by the disease) suggest that the burden varies greatly by geography, with higher values seen in Central America and South Asia.

“Air pollution might at least partially explain the rise in the incidence of CKD of unknown origin in much geography around the world and the rise in Mesoamerican nephropathy in Mexico and Central America,” said Bowe.

The analysis will be presented at ASN Kidney Week 2017 October 31-November 5 at the Ernest N. Morial Convention Center in New Orleans, LA.

Vice President Kamala Harris’ plane forced to return due to technical problem

A technical issue with the aircraft taking Kamala Harris to Guatemala and Mexico on her first foreign visit had to return about 30 minutes after takeoff, with the US Vice President telling reporters that she and her delegation “said a little prayer” before the plane landed safely.

“I’m good. I’m good,” she told reporters, giving a thumbs-up after exiting the Air Force Two aircraft on Sunday.

Harris, who was en route to the two Latin American countries on Sunday, safely returned to Joint Base Andrews on the outskirts of Washington after the Air Force Two aircraft, a modified Boeing 757 which is mostly used as the vice president’s travel, had a “technical issue,” according to her chief spokesperson and senior adviser Symone Sanders.

“It is a technical issue. There are no major safety concerns,” Sanders said.

The crew “noticed the landing gear was not storing as it should which could lead to further mechanical issues. While there was no immediate safety issue, out of an abundance of caution, they returned to Joint Base Andrews,” Sanders said.

Harris, 56, later switched planes to continue the trip.

CNN, quoting a pool reporter on board Air Force Two reported that “there was an unusual noise that came from the landing gear when we took off but the landing back at JBA was completely normal.”

“Everybody good?” she asked reporters. “I’m good, I’m good. We all said a little prayer but we’re good,” the vice president said.

Sunday’s technical issue is not the first time airplane troubles have upset Harris’ travel plans. Her plane experienced mechanical problems on a trip to California in March.

Harris will be in Guatemala and Mexico this week, her first foreign trip as vice president, amid political pressure to stem the flow of migrants to the US.

The stakes are high for Harris, the first woman, the first Black American, and the first South Asian American to be elected Vice President, as she debuts on the international stage against the backdrop of a growing number of migrants arriving at the US-Mexico border.

In April alone, US Customs and Border Protection encountered more than 178,000 migrants, 44 per cent of whom were from Central America, according to US media reports. AKJ AKJ

In Video: US Vice President Kamala Harris’ plane returns due to ‘technical issue’