TVS Motor Company posted a
sales growth of 10% during the month of March 2017, with total sales increasing
from 232,517 units recorded in the month of March 2016 to 256,341 units in the
month of March 2017.
Total two-wheeler sales
increased by 10.7% from 226,643 units recorded in March 2016 to 250,979 units
in March 2017. Domestic two-wheelers sales grew by 8.4% from 200,190 units in
March 2016 to 216,995 units registered in March 2017.
Scooter sales of the company
grew by 23.5% increasing from 68,161 units in March 2016 to 84,173 units in
March 2017. Motorcycles sales grew by 10.3% increasing from 86,776 units in the
month of March 2016 to 95,671 units in March 2017.
Three-wheeler of the company
registered sales of 5,362 units in March 2017 as against 5,874 units in March
The Company's total exports
grew by 23.6% increasing from 31,121 units in March 2016 to 38,462 units in the
month of March 2017. Two-wheeler exports registered growth of 28.5% increasing
from 26,453 units in March 2016 to 33,984 units in March 2017.
Fourth Quarter Sales Performance
During the fourth quarter of
the current financial year, two-wheeler sales grew by 3.2 % increasing from
6.39 lakh units registered in the fourth quarter of the previous year to 6.59
lakh units in the quarter under review. Three-wheeler sales of the Company was
at 0.15 lakh units in the fourth quarter of the current year as against 0.21
lakh units in the fourth quarter of the previous year.
Transition from Bharat Stage III (BS III) to Bharat Stage IV (BS IV)
The company had commenced
manufacture and sale of BS IV compliant stocks much before the transition date
of March 31, 2017. With the Supreme
Court banning BS III vehicles after April 1, 2017 from being registered, the
company extended suitable required support to the dealers to enable them to
offer attractive incentive schemes to customers to sell the BS III compliant
stocks. The dealers have confirmed that majority of such stocks have been sold
by March 31, 2017.
Source: TVS Motor Company.