TVS Motor Company posts 28% growth in March 2011
Cumulative sales grows 33%; crosses two million units.
- (1888PressRelease) April 02, 2011 - Consistent contributions from all segments of the two and three wheeler industries during the current fiscal has enabled TVS Motor Company to achieve its stated guidance of two million in sales. The company registered an overall growth of 28% in the month of March 2011 with sales of 191,208 units as against 149,194 units in the same month of the previous year.
The company's cumulative sales grew 33% with sales of 2,046,668 units for the period April 2010 to March 2011 against 1,536,919 units registered in the previous comparable period.
Two Wheeler
Total two wheeler sales of the company grew by 27% recording sales of 186,781 units in March 2011 against 146,763 units registered in March 2010.
Cumulative two wheeler sales for the period April 2010 to March 2011 grew by 32% with sales of 2,006,808 units over 1,521,939 units in April to March 2010.
Domestic sales of the company increased by 28% registering sales of 162,719 units in March 2011 against 126,696 units reported in March 2010.
Scooter sales continued to impress, growing by 50% with sales of 42,655 units compared to 28,504 units recorded in March 2010. Motorcycles grew 24% accounting for sales of 79,642 units in March 2011 as against 64,147 units in March 2010.
Exports
Exports increased 31% over the same month of the previous year accounting for 26,979 units as against 20,585 units in the previous year. During the month, the company exported 24,062 units of two wheelers against 20,067 units in March 2010.
Three Wheeler
In March 2011, the company sold 4,427 units of three wheelers as against 2,431 units in the comparable month of the previous year. Cumulative three wheeler sales for the period April 2010 to March 2011 grew by 166% with sales of 39,860 units against 14,980 units.
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