TVS Motors marks 24pc growth in Feb 2011

Mumbai, Mar 1: One of the leading bike manufactures in India, TVS Motors has marked 24 per cent growth in the month of Feb 2011 strong contributions from scooters, buoyant exports and domestic sales.

In Feb 2011, TVS Motors sold 177,412 units against 142,676 units sale in the month of 2010. The company"s cumulative sales for the period April 2010 to February 2011 stood at 1,855,460 units. During Feb 2011, company clocked highest ever exports and 3 wheeler sales.

In the two wheeler segment, TVS recorded a growth of 23 per cent with sales of 173,200 units in Feb 2011 against 140,544 units reported in Feb 2010. Cumulative two wheeler sales for the period Apr 2010 to Feb 2011 increased by 32 per cent with sales of 1,820,027 units over 1,375,176 units in Apr to Feb 2010. Te domestic sales of two wheelers also increased by 25 percent in the same period.

Scooter sales continued to impress growing by 49 per cent with sales of 40,335 units as against 27,017 units recorded in Feb 2010. Motorcycles grew by 13 per cent growth accounting for sales of 71,462 units in Feb 2011 as against 63,394 units in Feb 2010.

Three wheeler sales of the TVS Motors touched a new high in Feb 2011with sales of 4,212 units of three wheelers against 2,132 units sold in Feb 2010.

OneIndia News