TVS Motor Company posts 12pc growth

TVS Motor Company registered total sales of 175,535 units in November 2011 compared to 157,041 units in the corresponding month of the previous year, a growth of 12pc. The company's cumulative sales for the period April to November 2011 grew by 12pc with sales of 1,499,612 units against 1,341,106 units recorded in the previous comparable period. As a result of lower overall economic growth, high inflation, increased fuel prices and interest rates, we expect some moderation in the growth of two wheelers over the next three to six months. Hence we did not want to increase trade stocks. Consequently billing for the month is lower than our initial indication. However the company is confident of achieving the annual growth target of 15pc. Two Wheeler Total two wheeler sales grew by 12pc with sales of 172,829 units in November 2011 in comparison with 153,882 units recorded in November 2010. Scooter sales increased by 22pc with sales of 44,301 units compared to 36,233 units recorded in November 2010. Motorcycles recorded sales of 62,608 units in November 2011 against 62,995 units in November 2010. Domestic two wheeler sales of the company reported a growth of 8pc with sales of 150,406 units in November 2011 against 139,541 units reported in November 2010. Exports Exports grew by 53pc registering total sales of 24,271 units in November 2011 against 15,850 units in the same month of the previous year. The company exported 22,423 units of two wheelers in November 2011 in comparison with 14,341 units in November 2010, a growth of 56pc. Three Wheeler The company sold 2,706 units of three wheelers in November 2011 against 3,159 units in the same month of the previous year. Cumulative three wheeler sales for the period of April 2011 to November 2011 grew by 21pc with sales of 29,524 units compared to 24,363 units registered during the same period of the previous year.