TVS reports 35% increase in July sales

Auto major TVS today announced a 35 per cent increase in two-wheeler sales to 1,63,106 units in July, 2010, driven by a 54 per cent surge in exports.

The company sold 1,20,944 two-wheeler units in July, 2009, it said in a statement.

"Cumulative two-wheeler sales for the period April to July, 2010, increased 32 per cent from 4,68,085 units in the same period of the previous year to 6,19,147 units in the current period," the statement said.

While domestic sales witnessed a growth of 33 per cent, the export of over 20,000 units in July, 2010, as against 13,000-odd units last year translated into a growth of 54 per cent, thereby boosting the overall sales growth for the month.

The company sold 61,051 motorcycles in July, 2010, against 42,998 in the corresponding period of the previous year -- a growth of about 42 per cent -- while the sale of 40,357 scooters translated into a 46 per cent growth.

"Three-wheeler sales of the company crossed the three thousand mark for the second consecutive month, recording 3,108 units in July, 2010, in comparison to 1,026 units in July, 2009," the release said.