TVS Motors sales grow 36 percent in June 2010

TVS Motor Company continued its upward trend with growth in sales for the month of June 2010 registering an increase of 36 percent over the same month of the previous year. Total two wheeler sales of the company grew from 115,448 units in June 2009 to 156,685 units in the current month. Cumulative two wheeler sales from April to June 2010 increased 31 percent with sales of 456,041 units in the current financial year as against 347,141 units in the comparable period of the previous year. Domestic two wheeler sales witnessed robust growth of 33 percent, increasing from 105,361 units in June 2009 to 139,905 units in June 2010. The company not only recorded growth across all segments of the two wheeler market but also logged highest ever sales of its three wheelers during the month. Motorcycle sales of the company registered 44 percent growth in June 2010 with sales of 66,452 units compared to 46,048 units in the same month of the previous year. Scooters sales continued to excel growing at 42 percent with sales of 36,742 units in the month of June 2010 as against 25,945 units in June 2009. Three wheeler sales crossed the three thousand mark for the first time with the company registering a voluminous growth of 3,003 units in June 2010 over 810 units in June 2009. Exports contributed handsomely to sales growth in June 2010 posting an increase of 66 percent with sales of 16,780 two-wheelers against 10,087 units in June 2009.