TVS Motor expects sales to grow over 14% this fiscal

NEW DELHI: Chennai-based TVS Motor Co on Wednesday said it expects sales to grow by over 14 per cent this fiscal and is gearing up to launch two new models toward the end of the calendar year.
"The market is still showing growth, although it is not the same as last year. The industry is expected to grow around 13-14 per cent, while we (TVS) are looking at slightly higher growth than that," TVS Motor Co President (Marketing) H S Goindi told PTI.
For the 2010-11 fiscal, the company had posted a 33.17 per cent increase in sales to 20,46,668 units from 15,36,919 units in the previous fiscal. Its total two-wheeler sales rose by 31.86 per cent to 20,06,808 units from 15,21,939 units in the previous fiscal.
He said it is unlikely that the expectation of around 25 per cent growth in the two-wheeler market will happen this fiscal.
When asked about new product launches, he said the company is gearing up to introduce two new models by the end of the year.
"One will be a motorcycle and the other a scooter," Goindi said, but declined to share further details.
Earlier, the company had said it would re-enter the Indian electric scooter market with some existing and new models during this fiscal.
The company was carrying out test runs of about 50 electric scooters, comprising some of its existing and new models, across various towns in the country.
In April, 2008, TVS had launched electric scooterette 'Scooty Teenz Electric' with high hopes of selling around 40,000 units per year.
However, it had stopped the production since May, 2009, as it received a lukewarm response from the market.
The company had also shelved plans to launch electric three-wheelers.

Source-economic times

TVS Motor Company registers 18% growth in May 11 sales

Hosur, June 1, 2011: Contributions from domestic and exports markets alike, backed by steady growth across all segments has enabled TVS Motor Company to increase its total sales by 18% in the month of May 2011. The company recorded total sales of 185,930 units in May 2011 against 156,980 units in the corresponding month of the previous year. The three wheeler business of the company continued to register significant growth. The company's cumulative sales for the months of April and May 2011 grew by 16% with sales of 353,674 units against 304,152 units recorded in the previous comparable period.
Two Wheeler
Total two wheeler sales grew by 18% with sales of 181,891 units in May 2011 in comparison with 154,667 units recorded in May 2010.
Scooter sales increased by 20% with sales of 38,168 units, compared to 31,884 units recorded in May 2010. Motorcycles grew by 11% totaling 75,619 units in May 2011 as against 67,906 units in May 2010.
Domestic two wheeler sales of the company reported a growth of 16% with sales of 158,829 units in May 2011 against 136,621 units reported in May 2010.
Exports
Exports grew by 42% recording total sales of 26,168 units in May 2011 as against 18,482 units in the same month of the previous year. The company exported 23,062 units of two wheelers in May 2011 in comparison with 18,046 units in May 2010, an increase of 28%.
Three Wheeler
In May 2011, the company sold 4,039 units of three wheelers as against 2,313 units in the comparable month of the previous year, a growth of 75%. Cumulative three wheeler sales for the months of April and May 2011 stood at 7600 units.

Source- TVS Motors