TVS Motor Company posts 117,101 two wheeler sales in October 2008; Exports up by 30%
TVS Motor Company has registered total two
wheeler sales of 117,101 units in October 2008 against 129,614 units in
the corresponding period of the previous year.
This year, both the important festivals of Dussera and Deepavali were
celebrated in October and consequently, placement of stocks with the
dealers for the festival season was effected in September. Restricted
availability of retail finance, high liquidity and general inflationary
trends witnessed by the market also affected sales. However, the
cumulative sales of September 2008 and October 2008, show a growth of 4%
when compared to the same period of the previous year.
The company's motorcycle sales stood at 59,217 units in comparison with
67,752 units recorded in October 2007. Scooters recorded 23,487 nuits as
against 28,119 units during the same period of the previous year.
During the month, the company won two prestigious IT Awards, namely the
SAP ACE 2008 award and the 2008 Symantec South Asia Visionary Award.
While the company won the SAP ACE Award for digitization of new product
development process in SAP by implementing PLM (Product Lifecycle
Management), the Symantec South Asia Visionary Award was conferred for
the way the company secured and managed systems and information.
Exports continued its upward growth trend, posting an increase of 30%;
registering 17,013 units of two wheelers in October 2008 as against
13,042 units in the corresponding period of the previous year.