Business IdeasTVS reports 12% increase in October sales
Two-wheeler manufacturer TVS Motor Company today reported 12 per cent increase in its vehicle sales during October.
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The company has sold 1.31 lakh units in October 2009 as compared to 1.17 lakh in the same month last year, a company press release here said.
Over the last seven months, the company has seen sales growth of 6 per cent, selling 8.68 lakh units as compared to 8.19 lakh units in the same period last year.
In the domestic market, sales witnessed 18 per cent growth at 1.18 lakh units in October as against 1 lakh units in the corresponding period last year.
In addition, scooter sales have registered 20 per cent growth at 28,301 units in October as against 23,487 units in the same month last year.
However, total motorcycle sales declined in the month of October at 56,465 units in October against 59,217 units in the same period last year, the release said.
Exports also dipped at 12,466 units in October against 17,013 units in the corresponding period last year.
The release said the company, in a bid to increase its presence in the three wheeler market, unveiled TVS King Arjun and TVS King LS in Kolkata and Bangalore in October.