TVS Motor logs five percent sales growth in January

Two- and three-wheeler maker TVS Motor Company Ltd closed last month with a five percent sales growth compared to January 2011.

Announcing the monthly sales figures Wednesday, the company said it had sold 173,514 untis (171,112 two-wheelers and 2,402 three-wheelers) last month, up from 165,152 units (two-wheelers 161,725 and three-wheelers 3,427) sold in January 2011.

Within the two-wheeler segment, TVS Motor's sales of motorcycles last month was lower by 2,113 units as compared to 67,721 units sold in January 2011.

However, the company's sales of scooters and mopeds saw growth. TVS Motor sold 41,469 scooters and 66,437 mopeds last month as against 40,736 scooters and 56,695 mopeds sold in January 2011.

The company's total exports last month came down to 18,610 units (two-wheelers 18,008, three wheelers 602) against 21,224 units (two-wheelers 19,498, three-wheelers 1,726) in the same month of the previous year.

The company's cumulative sales for the period April 2011 to January 2012 grew by 10 percent with sales of 1,843,554 units as against 1,678,048 units recorded in the previous comparable period.