TVS Motor Company grows 34% January 2010

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TVS Motor Company grows 34% January 2010

All round growth as Motorcycles increase 24%; Scooters contribute 43%

Exports grow 15% ; Domestic sales up 37%; 3 Wheelers at 1710 units

Hosur, 01 February , 2010: With robust increase in sales with healthy contributions from all segments of the two wheeler market, TVS Motor Company has posted a significant 34% growth in two wheeler sales for the month of January 2010. The company witnessed voluminous growth in its three wheeler business as well, with sales increasing almost seven times when compared to the previous year.

TVS Motor Company registered total two wheeler sales of 125,578 units against 93,729 units in the corresponding period of the previous year taking the cumulative growth for the period April 2009 to January 2010 to 12% with sales of 1,234,632 units against 1,100,453 units in the comparable period of the previous year.

Domestic sales witnessed a quantum increase of 37% registering 109,504 units in January 2010 as against 79,729 units in the corresponding period of the previous year.

Motorcycle sales of the company witnessed a growth of 24% registering 54,698 units in January 2010 when compared to 43,990 units recorded in January 2009. The company's scooter sales grew by 43% with sales of 25,509 units when compared to 17,832 units in the corresponding period of the previous year.

Continuing its upward trend, exports recorded a growth of 15% registering sales of 16,074 units of two wheelers in January 2010 as against 14,000 units in the corresponding period of the previous year.

The company's three wheelers sales logged capacious growth recording 1,710 units in the month of January 2010 as against 466 units registered in January 2009. Cumulative three wheeler sales for the period April 2009 to January 2010 stood at 10,417 units.

During the month, the company's Chairman Mr. Venu Srinivasan was conferred the prestigious Padma Shri award for his outstanding contributions in the industry and trade category. Earlier, Korean President, His Excellency Mr. Lee Myung-bak honoured Mr. Srinivasan with a distinguished civilian honour 'Order of Diplomatic Service Merit' (Heung-In Medal) in recognition of his focussed efforts to promote Korea-India bilateral relations.

During the month, TVS Apache RTR 180 won the Motorcycle of the year (up to 200cc) at NDTV Profit Car and Bike Awards 2010 while Apollo Auto India Best Brand Awards 2010 bestowed TVS Motor Company with the Best Customer Service Award.