TVS Motor Company registers 18% growth in May 11 sales
Contributions from domestic and exports markets alike,
backed by steady growth across all segments has enabled TVS Motor
Company to increase its total sales by 18% in the month of May 2011. The
company recorded total sales of 185,930 units in May 2011 against
156,980 units in the corresponding month of the previous year. The three
wheeler business of the company continued to register significant
growth. The company's cumulative sales for the months of April and May
2011 grew by 16% with sales of 353,674 units against 304,152 units
recorded in the previous comparable period.
Total two wheeler sales grew by 18% with sales of 181,891 units in May
2011 in comparison with 154,667 units recorded in May 2010.
Scooter sales increased by 20% with sales of 38,168 units, compared to
31,884 units recorded in May 2010. Motorcycles grew by 11% totaling
75,619 units in May 2011 as against 67,906 units in May 2010.
Domestic two wheeler sales of the company reported a growth of 16% with
sales of 158,829 units in May 2011 against 136,621 units reported in May
Exports grew by 42% recording total sales of 26,168 units in May 2011 as
against 18,482 units in the same month of the previous year. The company
exported 23,062 units of two wheelers in May 2011 in comparison with
18,046 units in May 2010, an increase of 28%.
In May 2011, the company sold 4,039 units of three wheelers as against
2,313 units in the comparable month of the previous year, a growth of
75%. Cumulative three wheeler sales for the months of April and May 2011
stood at 7600 units.