TVS Motor Company posts 12% growth in November 2011 sales
Exports increase by 53%; Scooters grow 22%
TVS Motor Company registered total sales of 175,535 units in November
2011 compared to 157,041 units in the corresponding month of the
previous year, a growth of 12%.
The company's cumulative sales for the period April to November 2011
grew by 12% with sales of 1,499,612 units against 1,341,106 units
recorded in the previous comparable period.
As a result of lower overall economic growth, high inflation, increased
fuel prices and interest rates, we expect some moderation in the growth
of two wheelers over the next three to six months. Hence we did not want
to increase trade stocks. Consequently billing for the month is lower
than our initial indication. However the Company is confident of
achieving the annual growth target of 15%.
Total two wheeler sales grew by 12% with sales of 172,829 units in
November 2011 in comparison with 153,882 units recorded in November
Scooter sales increased by 22% with sales of 44,301 units compared to
36,233 units recorded in November 2010. Motorcycles recorded sales of
62,608 units in November 2011 against 62,995 units in November 2010.
Domestic two wheeler sales of the company reported a growth of 8% with
sales of 150,406 units in November 2011 against 139,541 units reported
in November 2010.
Exports grew by 53% registering total sales of 24,271 units in November
2011 against 15,850 units in the same month of the previous year. The
company exported 22,423 units of two wheelers in November 2011 in
comparison with 14,341 units in November 2010, a growth of 56%.
The company sold 2,706 units of three wheelers in November 2011 against
3,159 units in the same month of the previous year. Cumulative three
wheeler sales for the period of April 2011 to November 2011 grew by 21%
with sales of 29,524 units compared to 24,363 units registered during
the same period of the previous year.