Hosur , 01 Oct 2009

TVS Motor posts 4% growth in September 2009

Scooters grow at 11% Domestic Sales increase 11%

TVS Motor Company has posted 4% growth in September 2009, registering total two wheeler sales of 142,553 units against 137,246 units in the corresponding period of the previous year. With this, the company has achieved a cumulative sales growth of 5% for the period April to September 2009 and cumulative growth of 10% in domestic sales.

Domestic sales of the company clocked 11% growth registering sales of 132,281 units in September 2009 as against 119,017 units in the corresponding month of the previous year.

Of the total two wheeler sales, scooters accounted for 29,984 units in September 2009 against 27,108 units in September 2008, an increase of 11% over the previous year. Total motorcycle sales of the company stood at 60,718 units in September 2009 when compared to 71,278 units in September 2008.

Exports continued to be affected with sales of 10,272 units of two wheelers in September 2009 as against 16,201 units in the corresponding period of the previous year.

In the patent dispute between Bajaj Auto Limited vs. TVS Motor Company Limited, the Supreme Court of India has allowed TVS to sell the twin spark plug TVS-Flame by its order dated 16th September 2009.

The Company will take steps to obtain all necessary certifications required under law such as under the Central Motor Vehicles Rules, 1989, before commencing sales of twin spark plug TVS-Flame.