TVS motorcycle sales up 24 per cent
03 July 2006Mumbai: The 24 per cent growth in motorcycles boosted the overall two-wheeler sales TVS Motor Company has reported a 24-per cent growth in June 2006 sales of its two-wheelers.
Motorcycles sales grew to 74,683 units compared with 60,170 units of motorcycles sold in June 2005 at a growth of 24 per cent for the third successive month. It sold 126,679 units compared to 108,111 units during June 2005, recording a growth of 17 per cent.
TVS StaR in the entry-level segment and Apache in the premium segment helped boost the overall growth in motorcycle segment. Apache continued its high growth curve and and TVS Motor says that it has become the number two brand in the premium segment.
TVS Scooty continues to be the market leader in the sub-100cc scooter segment recording sales volume of 25,227 units in June 2006 compared to 22,829 units last year during the same period recording a growth of 11 per cent.
Exports crossed the 10,000 mark to 10,220 units, recording a growth of 36 per cent compared to the corresponding period last year.
TVS Motor Company Limited, the flagship company of the USD 2.7 billion TVS Group, is the third largest two-wheeler manufacturer in India and among the top ten in the world, with an annual turnover of over USD 750 million.