TVS Motor Company grows 28% in April 2010

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TVS Motor Company grows 28% in April 2010

24% Growth in Motorcycles, 43% growth in Scooters Domestic sales up 22 %; Exports increase 90 %

Hosur, May 1, 2010: Augmented by substantial contributions across all segments of the two wheeler market and riding on the back of new launches, TVS Motor Company began the first month of FY11 on a positive note, with total two wheeler sales growing 28% from 113,119 units in April 2009 to 144,689 units in April 2010. Domestic two wheeler sales registered 22% growth from 102,985 units in April 2009 to 125,471 units in April 2010. The company's three wheeler business continued to post substantial growth.

Motorcycle sales of the company grew by 24 % in April 2010 with sales of 66,000 units compared to 53,235 units in the same month of the previous year. Scooters continued its impressive sales growth increasing by 43% from 18,819 units in April 2009 to 26,860 units in the April 2010.

Three wheeler sales continued to excel with the company registering sales of 2483 units in April 2010 over 706 units in April 2009.

Exports recorded remarkable growth of 90 % growth during the month of April 2010 with sales of 19,218 units against 10,134 units in April 2009.

During the month, TVS Wego, the company's metal bodied scooter, with unisex styling was launched in Pune and Nagpur. The product has received favourable response among customers and will be made available across the country over the next two months.