TVS Motor's December sales surge by 20 pc

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SME Times News Bureau | 02 Jan, 2015
Motorycles, scooters and auto-rickshaw maker TVS Motor Company (TVSMC) Thursday said its sales in the month of December grew by 20 percent with total sales clocking at 191,880 units.

"Total two wheeler sales increased by 19 percent from 153,358 units recorded in December 2013 to 181,994 units in December 2014. Domestic two wheeler sales grew by 19 percent increasing from 132,664 units in December 2013 to 157,438 units in December 2014," the company said in a statement.

In the scooter segment, sales of the company grew by 25 percent increasing from 41,817 units in December 2013 to 52,411 units in December 2014 while in motorcycles, sales grew by 22 percent increasing from 57,576 units in the month of December 2013 to 70,188 units in December 2014.

However, in the three-wheeler segment, the sales grew the strongest at 61 percent growing from 6,137 units in December 2013 to 9,886 units in December 2014.

The company's total exports grew by 28 percent with sales increasing from 25,797 units in the month of December 2013 to 32,969 units in December 2014. Two wheeler exports grew by 19 percent with sales increasing from 20,694 units in December 2013 to 24,556 units in December 2014.

During the third quarter of the current financial year, sales of TVSMC grew 26 percent increasing from 5.19 lakh units recorded in the third quarter ended December 2013 to 6.53 lakh units in the quarter ended December 2014.