Highest Retail Sales of 2,50,000 units in October 2011
TVS Motor Company recorded the highest ever retail sales of 2,50,000
vehicles for the Pooja and Diwali season of 2011. This is 20% higher
than the same festival season last year. The company witnessed high
retail growth during the season which has resulted in significant
liquidation of stocks, both at the company and dealer end. Therefore,
sales projection for the months of November and December is expected to
be above the 200,000 mark per month. The seven day annual maintenance
shutdown of the company took place in the month of October 2011,
coinciding with Diwali.
The company sold 1,83,718 units in October 2011 against 1,95,271 units
in October 2010. Cumulative sales for the period April to October 2011
grew by 12% with sales of 1,324,077 units against 1,184,065 units
recorded in the previous comparable period. The company is confident of
achieving a 15% plus growth for the current year.
Second Quarter Results
Consistent contributions from a complete product portfolio has enabled
TVS Motor Company to record 23% growth in revenue in the second quarter
of the current financial year The company's revenues grew to Rs.1992
crore in the quarter ended September 2011 from Rs.1616 crore in the
corresponding quarter of the previous financial year.
Profit before tax during the quarter under review grew 49% at Rs.101
crore compared to Rs.68 crore recorded in the comparable period of the
previous year. Profit after tax in the current quarter grew at 40% to
Rs.77 crore from Rs.55 crore in the previous comparable quarter.
Total two-wheeler sales of the company grew at 16 % in the second
quarter of the current fiscal at 5.97 lakh units compared with 5.16 lakh
units in the corresponding period of the previous year. Motorcycles
sales grew at 15% to 2.41 lakh units in the reporting quarter from 2.10
lakh units in the quarter ended September 2010. Scooters grew at 27% to
1.59 lakh units in the current quarter from 1.25 lakh units during the
corresponding quarter of the previous year.
Two wheeler exports registered 31% growth with sales increasing to 0.76
lakh units in the current quarter from 0.58 lakh units in the quarter
ended September 2010.
Three wheeler sales during the quarter grew by 19% to 11699 units in the
quarter ended September 2011 from 9826 units in the quarter ended
During the quarter, PT TVS Motor Company Indonesia registered total two
wheeler sales of about 7837 units in comparison with 5315 units recorded
in the same period of the previous year.