TVS Motor Company Limited Reports Sales Results for the Month and Third Quarter Ended December 2015
January 02, 2016 at 04:07 am EST
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TVS Motor Company Limited reported sales results for the month and third quarter ended December 2015. For the month, the company reported 4% growth in sales with total sales increasing from 194,481 units recorded in the month of December 2014 to 202,086 units in the month of December 2015. The company's total exports registered sales of 32,771 units in the month of December 2015 as against 32,969 units registered in the month of December 2014. Two wheeler exports grew by 5.5% with sales increasing from 24,556 units in December 2014 to 25,906 units in December 2015. Total two wheeler sales increased by 5.2% from 184,474 units recorded in December 2014 to 194,066 units in December 2015. Domestic two wheeler sales grew by 5.2% increasing from 159,918 units in December 2014 to 168,160 units in December 2015. Scooters sales of the company grew by 21.4% increasing from 53,613 units in December 2014 to 65,090 units in December 2015. Motorcycles sales increased from 70,573 units in the month of December 2014 to 71,435 units in December 2015. The company registered sales of 8,020 units of Three Wheelers in December 2015 as against sales of 10,007 units in December 2014.
During the third quarter of the current financial year, sales of TVS Motor company grew by 7.1% increasing from 0.656 million units recorded in the third quarter ended December 2014 to 0.702 million units in the quarter ended December 2015. Total two wheeler sales grew by 7.7% increasing from 0.627 million units in the third quarter of the previous year to 0.676 million units in the third quarter of the current year. Total three wheeler sales registered sales of 0.026 million units in the third quarter of the current year as against 0.028 million units in the third quarter of the previous year.
TVS Motor Company Limited is engaged in the manufacturing of motorcycles, scooters, mopeds, three wheelers, parts and accessories. The Company's motorcycles include Apache Series RTR, Apache RR 310, Apache RTR 165RP, TVS Raider, TVS Radeon, TVS StaR City + and TVS Sport. Its scooters include TVS Jupiter 125, TVS Jupiter Classic, TVS Jupiter ZX, TVS Jupiter ZX Disc, TVS NTORQ 125, TVS Zest 110 and TVS Scooty Pep+. Its mopeds include TVS XL 100 Win Edition, TVS XL 100 Comfort, TVS XL 100 Heavy Duty, TVS XL 100 Comfort i-Touch Start and TVS XL100 Heavy Duty i-TouchStart. Its three wheelers include TVS King. Its portfolio of electric vehicles includes TVS iQube. It offers TVS Augmented Reality Interactive Vehicle Experience (ARIVE) a mobile application, which allows customers to view the TVS Apache series motorcycles and offers detailed information about the machine with the options of booking a test ride and placing an order. The Company has approximately four manufacturing facilities.