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TVS Motors - September 2012 Sales Update - Eastern Financiers
Posted On : 2012-10-12 23:43:53( TIMEZONE : IST )
Except for the three wheeler segment, all the segments of TVS Motors Company persisted to report murky set of performance for the month of September with the overall sales marking de-growth of 22.46% followed by prior months down tick to the tune of 20.65%, 15.11% and 7.54% during August, July and June respectively. The company witnessed dismal sales of 170097 units this September against sales of 219369 units in September 2011. However, sales when compared to the preceding month of August 2012, augmented 9.99% with 154647 units being sold during the month.
Total two wheeler sales of the company plummeted 23.46% with 165092 units being sold in September 2012 against 215690 units being sold in September last year. Scooter sales plunged by 28.32% with sales of 40055 units compared to 55879 units recorded in September 2011. Motorcycles recorded muddy sales of 63832 units in September 2012 against 90848 units in September 2011, that persisted to slither this month by 29.74% after sliding consecutively in the preceding months by 30.95%, 23.96%, 12.29%, 15.19%, 2.31% and 17.14% during August 2012, July 2012, June 2012, May 2012, April 2012 and March 2012 respectively.
However, Three wheeler sales of the company marked record sales of 5005 units during September against 3679 units sold in September last fiscal, clocking growth of 36.04%.
Domestic sales of the company slumped by 21.78% during September 2012 at 151279 units against 193396 units being sold in September last fiscal.
Overall exports slipped by 27.55% registering total export sales of 18818 units in September 2012 against 25973 units in the same month of the previous year. The company's two-wheeler exports tripped down to 15901 units during September 2012 equated to 23663 units in September last fiscal.
The company's cumulative sales for the fiscal so far, during the April-September period of FY2013 stood at 1005159 units against 1140359 units recorded in the previous comparable period, marking de-growth of 11.86%.
