TVS Motor Company's Jan '08 two wheeler sales at 93,385 units
01 February 2008
Mumbai: TVS Motor Company registered total two wheeler sales of 93,385 units in January 2008 against 121,147 units in the corresponding period in 2006. Exports witnessed quantum growth of 84 per cent
During the month the company's motorcycle sales stood at 38,961 units, as against 69,634 units in January 2007.
In the scooter segment, TVS Scooty reported 18,594 units in January 2008 against 20,534 units in the corresponding period the previous year.
Over the course of the next two months, the company plans to launch several new products, including a new entry level 'StaR Sport' to overcome the hurdle of restricted availability of retail finance, high rates of interest and stringent norms followed by financiers.
These planned launches in the two and three wheeler segments are a concerted effort to provide more options to customers, and thereby enable the company to leverage a larger product range.
The company is also working on new technologies involving alternate fuels and alternate energy and is expected to bring out products using these new technologies during the next fiscal.
The new StaR Sport motorcycle will come with best of class mileage and reliability. The company will also launch the new Scooty Teenz Electric and the Apache RTR Efi. TVS Motor Company will also make its foray into the three-wheeler market.
Exports reported sales of 13,108 units of two wheelers in January 2008 as against 7,049 units in the corresponding period of the previous year thereby recording 86 per cent growth.