Close on the heels of achieving the highest ever two wheeler sales last month, TVS Motor Company’s October 2005 sales bettered it with a new high, recording sales of 137,883 units. This all time high in two wheelers was buoyed by highest ever sales recorded by motorcycles and scooters with motorcycle’s contribution being 85,463 units. Due to production capacity constraints the company was unable to supply more vehicles to augment further growth in two wheeler sales.
The total two wheeler sales in October 2005 stood at 137,886 units compared to 117,696 units, during the same period last year recording a growth of 17%.
The motorcycles recorded its highest ever sales of 85,463 units in October 2005 compared to 74,683 units in the same period last year recording a growth of 14%. The retail sales of motorcycle in October 2005 recorded an all time high of over One lakh units.
In motorcycles TVS StaR brand sold over 50,000 units in October 2005. The newly launched StaR City witnessed good demand and the company is planning to increase its production to meet with the demand. TVS StaR, since its phased launch, has sold over 300,000 units. The new Victor EDGE too has witnessed a strong demand along with other offerings in motorcycles. These new product offerings will enhance and strengthen TVS Motor Company's presence in the two-wheeler market in the coming months.
The scooter sales stood at 25,373 units in October 2005 compared to 21,291 units in the same period last year, recording a growth of 19%. The newly launched 90 CC TVS Scooty Pep+ has been well received in the regions where it has been launched. The Pep+ will be soon available across the country.
Moped sales stood at 27,050 units in October 2005 compared to 21,722 units in the same period last year, recording a growth of 25%. The company continues to enjoy market leadership in this segment.
In the export front, TVS Motor Company recorded 6,016 units in October 2005, recording a growth of 63% compared to the same period last year.