TVS Motor sales touch highest ever 13,42,257 units in 2005-06
TVS Motor Company (TVS M) has closed the financial year 2005-06 with 19% growth in the sale of motorcycles. The motorcycles sales recorded 8,06,708 units compared to 6,79,099 units in the financial year 2004-05. The total two wheeler sales witnessed 15% growth by clocking 13,42,257 units compared to 11,67,016 units recorded in the previous financial year. This represents the highest volumes ever in the history of TVS Motor Company both in motorcycles as well as in the overall two-wheeler segment.
On the export front too, TVS M registered a robust growth in the financial year 2005-06, clocking 79,733 units compared 48,560 units, at a growth of 64%, in the corresponding period in the previous year.
In the month of March 2006, the motorcycle sales recorded 83,896 units compared to 64,273 in March 2005 representing a growth of 31%. The good demand for motorcycles spurred the sales of total two wheelers units in March 2006 to 1,28,857 units compared to 106,218 units recorded last year, a growth of 21%.
The launch of popular models with fresh new features added to the significant sales growth in March. A feature-packed new version of TVS StaR City was launched with alloy wheels. Victor GLX too was launched with alloy wheels and fresh new graphics. With the phased launch of TVS Apache in newer markets, TVS M is hopeful of further strides in the motorcycle market in the coming months. TVS Apache, the new 150 cc sensation with 5-gears and the winner of 'bike of the year' awards by all the leading Auto Magazines has received overwhelming response in the markets where it has been launched in March.
In scooters, different variants of TVS Scooty clocked 17,410 units of sales in March 2006 compared to 18,135 units.
TVS Motor Company Limited, the flagship company of the USD 2.7 billion TVS Group, is the third largest two-wheeler manufacturer in India and among the top ten in the world, with an annual turnover of over USD 740 million. The company is the only two-wheeler manufacturer in the world to be honoured with the hallmark of Japanese Quality - The Deming Prize for Total Quality Management.