Hosur , 01 Nov 2008

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.