Over the last few years, TVS Motor announced new model launches and designs to plug gaps in its product portfolio as well as make its brand more aspirational. Earlier this year, the Chennai-based two- and-three-wheeler manufacturer announced that it has earmarked `350 crore capex for new product development and capacity expansion in FY18. In 2016-17, it unseated Hero MotoCorp to become the second largest player in the scooter segment.