TVS Motors post 1% sales growth in first half of FY 2013-14
The overall sales for TVS Motors registered 16% sales growth for the month of September 2013 with 197,409 units sold against 170,097 units sold in September 2012. The two wheeler sales stood at 189,609 units in September 2013 against 165,092 units in September 2012, registering 15% growth. Three Wheeler sales saw 56 % growth in September 2013 with 7,800 units exported against 5,005 units exported during September 2012.
The sales for first half of the FY 2013-14 stood at 1,012,148 units against 1,005,142 units representing 1% growth. The overall two wheelers sales decline at 1% for half year FY 2013-14 with 972,987 units against 983,867 units sold during same period of FY 2012-13. The 39,161 exports units for the period April to September of FY 2013-14 registered 84% growth against 21,275 units exported during the same period of previous financial year.
Two Wheeler Sales Breakup
The domestic sales for TVS stood at 168,598 units in September 2013, recording 13% growth in comparison with 149,191 units sold in September 2012. The two wheeler export for the month of September 2013 were 21,011 units, registered 32% increase against 15,901 units exported in September 2012.
Sales of Motorcycles in domestic market grew by 30% in September 2013 with 83,043 units in comparison with 63,832 units in September 2012. Scooters registered 8% decline in sales at 43,201 units in September 2013 against 40,055 units in the same month of the previous year. The sales of mopeds slip by 7% in September 2013 at 42,354 units against 45,304 units sold during September 2012.
Two Wheeler Sales Breakup, HY FY 2013-14
The half yearly sales of two wheelers in domestic market stay at 842,395 units against 876,580 units sold during the first half of FY 2012-13, representing 4% de-growth. The two wheeler exports stood at 119,543 units for HY FY 2013-14 registered 11% growth against 107,287 units exported during the same period of previous financial year.
Motor cycle sales for the first half of FY 2013-14 in domestic market stood at 395,712 units against 364,234 units for first half of FY 2012-13, representing 9% growth. Scooter sales for HY FY 2013-14 had declined by 6% at 218,702 units against 231,975 units for first half of FY 2012-13. Moped sales fall by 19% in HYFY2013-14 at 227,425 units against 280,371 units during the same period of previous financial year.
Three Wheeler Sales Break-up
The overall sales of TVS three wheeler range has recorded a significant growth of 56% for September 2013 with 7,800 units against 5,005 units in September 2012. The growth is once again propelled by good demand in export markets as 125% increase is witnessed in exports with 6,566 units against 2,917 units in September 2013. The domestic sales of three wheelers stay low at 1,234 units, 41% less than 2,088 units sold during September 2012.
The year to date sales for HY FY 2013-14 grew by 84% at 39,161 units against 21,275 units during the same period of FY 2012-13. The domestic sales for HYFY 2013-14 declined at 31% at 5,403 units against 7,789 unit sold during the same period of previous financial year. Exports recorded 150% growth in HY FY 2013-14 with 33,758 units exported against 13,486 units in the same period of previous financial year.
Source – ACG,Company