TVS Auto Bangladesh, an assembler of India's TVS motorcycles, launched a new model on February 16th to cater to the growing demand of motorcycle.

The vehicle-TVS Metro Plus-has 109.7 cubic centimetre engine with cost saving fuel capacity of 86 kilometres per litre, said J Ekram Hossain, managing director of the company.

"Our new motorcycle has stylish look with powerful engine," Hossain said at the launching ceremony at Bangabandhu International Conference Centre in Dhaka.

The bike will be available at TVS-approved dealer priced at BDT 135,500 (US$ 1,740) in three colours: scarlet, black and blue.

The new Ecothrust engine that has a four-speed gearbox with an electric start in any gear delivers a solid four-stroke performance, he said.

Its high torque ensures more power and pickup with the motorcycle racing from zero to sixty in just 7.6 seconds with a top speed of 90 kilometres per hour, he said.

The motorcycle has a comprehensive digital dashboard with an analogue speedometer and an advanced digital information display monitor, he said.

It also features a service indicator metre, which indicates when the bike is due for service and when for fuel, he said, adding that the buyers will get two years warranty with service.

TVS Auto Bangladesh plans to raise its market share in 100cc segment from 12% to 25% by 2016, said Biplob Kumar Roy, business head of the company.

The company with 20% market share in Bangladesh's motorcycle industry expects the country's two-wheeler market to boom in the coming years, Roy said.

The company's turnover grew 40% last year compared with the previous year, he said. However, he did not disclose the turnover figure.

Assemblers and manufacturers sold around 200,000 motorcycles in 2013-14, up from 183,000 units in the previous year.