growth as Motorcycles increase 24%; Scooters contribute 43%
Exports grow 15% ; Domestic sales up 37%; 3 Wheelers at 1710 units
With robust increase in sales with healthy
contributions from all segments of the two wheeler market, TVS Motor
Company has posted a significant 34% growth in two wheeler sales for the
month of January 2010. The company witnessed voluminous growth in its
three wheeler business as well, with sales increasing almost seven times
when compared to the previous year.
TVS Motor Company registered total two wheeler sales of 125,578 units
against 93,729 units in the corresponding period of the previous year
taking the cumulative growth for the period April 2009 to January 2010
to 12% with sales of 1,234,632 units against 1,100,453 units in the
comparable period of the previous year.
Domestic sales witnessed a quantum increase of 37% registering 109,504
units in January 2010 as against 79,729 units in the corresponding
period of the previous year.
Motorcycle sales of the company witnessed a growth of 24% registering
54,698 units in January 2010 when compared to 43,990 units recorded in
January 2009. The company's scooter sales grew by 43% with sales of
25,509 units when compared to 17,832 units in the corresponding period
of the previous year.
Continuing its upward trend, exports recorded a growth of 15%
registering sales of 16,074 units of two wheelers in January 2010 as
against 14,000 units in the corresponding period of the previous year.
The company's three wheelers sales logged capacious growth recording
1,710 units in the month of January 2010 as against 466 units registered
in January 2009. Cumulative three wheeler sales for the period April
2009 to January 2010 stood at 10,417 units.
During the month, the company's Chairman Mr. Venu Srinivasan was
conferred the prestigious Padma Shri award for his outstanding
contributions in the industry and trade category. Earlier, Korean
President, His Excellency Mr. Lee Myung-bak honoured Mr. Srinivasan with
a distinguished civilian honour 'Order of Diplomatic Service Merit'
(Heung-In Medal) in recognition of his focussed efforts to promote
Korea-India bilateral relations.
During the month, TVS Apache RTR 180 won the Motorcycle of the year (up
to 200cc) at NDTV Profit Car and Bike Awards 2010 while Apollo Auto
India Best Brand Awards 2010 bestowed TVS Motor Company with the Best
Customer Service Award.