Two-wheeler major TVS Motors posted a 23% growth in total two-wheeler sales for November 2009, clocking more than 1.20 lakh vehicles even as it experienced a dip in total motorcycle sales and export of two-wheelers.
The company posted total two-wheeler sales of 1,20,844 units against 98,402 units in the corresponding period of the previous year, TVS Motors said in a press release here.
It said that TVS Motors continued to post sales growth for the eighth consecutive month, with a cumulative growth of eight per cent, with sales of more than 9.89 lakh units in the current financial year upto November 2009, as against over 9.17 lakh units in the same period last year.
Domestic sales witnessed a 'quantum increase', posting a growth of 38 per cent, selling more than 1.06 lakh units in November 2009 as against 77,491 in the corresponding period of the previous year, the release said.
While the company's scooter sales grew by 38% to more than 25000 units,total motorcycle sales however declined. Total motorcyle sale for Nov 2009 stood at 45,080 units in November 2009 compared to 45,276 units in November 2008.
Exports too did not post growth as sales decreased from 20,911 in November 2008 to 14,008 in November 2009. Citing the newly launched products, the 110cc motorcycle TVS Jive and TVS WEGO, the automatic scooter with an equal CC power, the company said it "hopes to add around 15 to 20% to its monthly sales, once these new products are made available in the market."
Comments