TVS Motor August sales up by 11%

TVS Motor, country's third largest two-wheeler manufacturer, has reported a 11 per cent growth in sales during the month of August 2009 at 1,26,842 units as compared to 1,14,321 units a year ago.

The company has thus achieved a cumulative sales growth of five per cent for the period April to August 2009 with cumulative growth of 10 per cent in domestic sales.

Domestic sales in August increased by 20 per cent to 115,095 units from 96,238 units in the corresponding month of the previous year, with motorcycles contributing 12 per cent growth and scooters factoring in a growth of 13 per cent.

Scooters accounted for 28,582 units of the total sales in August 2009 against 25,392 units in August 2008, an increase of 13 per cent over the previous year. Total motorcycle sales of the company stood at 51,127 units in August 2009 when compared to 52,304 units in August 2008.

Exports continued to be affected with sales of 11,747 units of two wheelers in August 2009 as against 18,083 units in the corresponding period of the previous year.