TVS Motor Company clocks 31pc growth in February 2010

With significant contributions across all segments, TVS Motor Company has posted 31% growth registering total two wheeler sales of 140,544 units in the month of February 2010 against 107,301 units in the same month of the previous financial year. Cumulative growth for the period April 2009 to February 2010 stood at 1,375,176 units against 1,207,754 units in the comparable period of the previous year, a growth of 14%.The company’s three wheeler sales also posted sizeable growth over February 2009, generating highest ever sales. Domestic sales posted growth of 34% registering 121,403 units in February 2010 in comparison with 90,718 units in the February 2009. The company’s motorcycle registered a buoyant growth of 28% in February 2010 with sales of 63,394 units in February 2010 when compared to 49,659 units in the same month of the previous year. During the month, scooters witnessed substantial growth of 38% registering sales of 27,017 units when compared to 19,532 units in February 2009. Exports continued to show an upward trend posting 15% during the month of February with sales of 19,141 units against 16,583 units in February 2009. The company recorded 2,132 units of three wheeler sales in February 2010 against 550 units in February 2009; cumulative sales for the period April 2009 to February 2010 thus adding up to 12,549 units. During the month, TVS Jive, India’s first auto clutch motorcycle was introduced in markets across Tamilnadu as well as Andhra Pradesh. The bike will be made available in phases across the country within the next month. The company will also launch its much awaited TVS Wego in phases across the country beginning March 2010.