TVS Motorcycle sales rise 23 per cent in May
01 Jun 2006
Mumbai: TVS Motor Company has reported a 23 per cent rise in motorcycle sales in May 2006, selling 78,271 units compared with 63,585 units of motorcycles sold in May 2005.This is the third consecutive month in calendar 2006 that TVS has recorded more than 30-per cent growth in motorcycle sales.
Significant growth in motorcycles boosted overall two-wheeler sales in May 2006, which stood at 124,678 units compared to 106,914 units during May 2005, a growth of 17 per cent.
TVS StaR, the star performer for the company, has crossed the 700,000-sales mark.
TVS Scooty continues to be the market leader in the sub 100cc scooter segment recording sales volume of 20,396 units in May 2006 compared to 20,454 units last year during the same period.
On the export front, TVS Motor Company exported 8552 units, it's highest ever, in May 2006 recording a growth of 36 per cent compared to the corresponding period last year.
According to a recent study by Boston Consulting Group and the Confederation of Indian Industries, TVS is among the list of 100 companies chosen from 12 rapidly developing economies that are emerging as global challengers.