TVS Motor Company registers 14% growth in June '11 sales
A quantum increase in exports supported by strong
domestic sales with robust contributions from all segments saw TVS Motor
Company witnessing an increase of 14% in overall sales. The company
recorded total sales of 182,456 units in June 2011 against 159,688 units
in the corresponding month of the previous year. The three wheeler
business also posted healthy growth.
The company's cumulative sales for the months of April to June 2011
grew by 16% with sales of 536,130 units against 463,840 units recorded in
the previous comparable period.
Total two wheeler sales grew by 14% with sales of 178,633 units in June
2011 in comparison with 156,685 units recorded in June 2010.
Scooter sales increased by 21% with sales of 44,281 units, compared to
36,742 units recorded in June 2010. Motorcycles grew by 5% accounting
for 69,859 units in June 2011 as against 66,452 units in June 2010.
Domestic two wheeler sales of the company reported a growth of 11% with
sales of 155,296 units in June 2011 against 139,905 units reported in
Exports grew by 48% recording total sales of 26,359 units in June 2011
as against 17,782 units in the same month of the previous year. The
company exported 23,337 units of two wheelers in June 2011 in comparison
with 16,780 units in June 2010, an increase of 39%.
In June 2011, the company sold 3,822 units of three wheelers as against
3,003 units in the comparable month of the previous year, a growth of
27%. Cumulative three wheeler sales for the months of April and June
2011 stood at 11,423 units.