TVS Motor Posts 30% Growth In January 2011

Online, February 1, 2011 (Newswire.com) - Quantum increase in sales of scooters coupled with sustained demand and strong domestic sales have enabled TVS Motor Company to post an overall sales growth of 30% in January 2011. The company sold 165,152 units in January 2011 against 127,288 units in the same month of the previous year. The company therefore registered cumulative sales of 1,678,048 units for the period April 2010 to January 2011.

Two Wheeler

Total two wheeler sales of the company grew by 29% with sales of 161,725 units in January 2011 against 125,578 units registered in January 2010. Cumulative two wheeler sales for the period April 2010 to January 2011 increased by 33% with sales of 1,646,827 units over 1,234,632 units in April to January 2010.

Domestic sales of the company recorded a growth of 30% with sales of 142,227 units in January 2011 against 109,504 units reported in January 2010. Scooter sales posted an impressive growth of 60% with sales of 40,736 units as against 25,509 units recorded in January 2010. Motorcycles accounted for 24% growth with sales of 67,721 units in January 2011 as against 54,698 units in January 2010.

In January 2011, the company exported 19,498 units of two wheelers against 16,074 units registered in January 2010.

Three Wheeler

The company sold 3,427 units of three wheelers in January 2011 against 1,710 units sold in the comparable month of the previous year. Cumulative three wheeler sales for the period April 2010 to January 2011 grew by 200% with sales of 31,221 units against 10,417 units.
During the month, TVS Wego won the prestigious "Scooter of the Year Award" at the following award ceremonies on merits of its design elegance, engine efficiency, smoothness of handling and ride quality:

• CNBC TV18 Overdrive Awards 2011
• NDTV Car and Bike Awards 2011
• Bike India Awards 2011
• Business Standard Motoring Awards 2011

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