TVS Motor reports 24% sales growth in March

Two-wheeler manufacturer TVS Motor today reported a 24 per cent growth in March this year.

The company registered sales of 1.46 lakh units in the month compared to 1.18 lakh units in the same month last year, TVS Motor Company said in a statement here.

Cumulative growth for April 2009-March 2010 stood at 15 per cent, where the manufacturer sold 15.21 lakh units as against 13.25 lakh units in the same period the previous year, it said.

Three-wheeler sales increased 25 per cent in March this year with sales of 1.26 lakh units against 1.01 lakh in the same month previous year.

In the scooterette segment, the company saw a 50 per cent growth recording 28,504 units as against 19,054 units in the same month last year.

Sales of motorcycles in March 2010 also grew by seven per cent, with 64,120 units being sold, compared to 59,796 units in the same month previous year.

TVS registered a 23 per cent growth in exports registering sales of 20,067 units against 16,340 units in March last year.

Three-wheeler exports also saw an increase, with sales of 2,431 units against 650 units in March 2009.

The company said the recently launched metal bodied scooterette TVS Wego would be rolled out in phases across the country over the next two months.