The company during 1998-99 sold 7,03,258 vehicles, a jump of 22 per cent over 5,76,392 vehicles sold in the previous year. The scooty segment saw the highest growth of 33 per cent with the company selling 96,234 vehicles (72,019 vehicles in 1997-98). The motorcycle segment registered a growth of 27 per cent. In 1998-99 it sold 2,68,101 vehicles compared to 2,11,685 numbers in the previous year. In the moped segment the company sold 3,33,890 vehicles as against 2,92,688 in 1997-98. TVS-Suzuki also entered the scooter segment in financial 1998-99 with the launch of 150cc four-stroke `Spectra' in the third quarter. The vehicle is currently available in Delhi, Punjab, Haryana and Tamil Nadu. Thecompany in 1998-99 sold 5,033 Spectras as against the initial target of 20,000 vehicles.

Based on the market feed-back, the company brought in a stripped down version of spectra and is also likely to launch an electronic version soon. The company official said that three more versions were being planned but declined to give more details. TVS-Suzuki in 1997-98 registered a profit of Rs 68.76 crore on a turnover of Rs 1,019 crore. According to analysts tracking the company, TVS-Suzuki would not be able to maintain its profit margins on account of the investments made in the Mysore plant for producing 1.50 lakh scooter per annum. The plant is in the process of reaching optimum capacity and the depreciation charge would eat into the profit, they added.