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TVS Motor logs 2% increase in sales in July 2009

August 1st, 2009 | No Comments | Posted in Uncategorized

TVS Motor reported a 2% increase in sales during July this year, at 350,000 units, as against 343,000 units during July 2008. The company’s revenue for Q1, FY 2009-10 stood at Rs 988.70 crore, a 7% increase over the Rs 925.45 crore reported in the year-ago period.

In the domestic market, TVS sold 154,000 motorcycles and 67,568 scooters during July this year, compared to 171,000 motorcycles and 65,545 scooters during July last year. Sales of the TVS King three-wheeler went up from 765 units during July 2008 to 2,223 units during July this year. The company’s exports, however, slid from 42,214 units in July 2008 to 32,067 units during July 2009.

[Via: indiaautomotive]

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Hero Honda June two-wheelers sales up 23.7%

July 1st, 2009 | No Comments | Posted in Uncategorized

Hero Honda Motors Ltd (HHML), the world’s largest two-wheeler manufacturer for eight consecutive years, keeps setting the benchmark higher with its relentless quest for excellence.

Riding on innovative strategies across functions, the company’s June sales jumped 23.7 per cent to 3,65,734 units thereby registering its sixth consecutive month of over three lakh sales starting January’09. Hero Honda had sold 2,95,675 units of two-wheelers in June 2008.

Hero Honda’s cumulative sales for the Q1 (April-June) of FY’10 rose by 25.1 per cent to 11,18,987 units of two-wheelers, thereby taking its share in the domestic motorcycle market to an all-time high of 59 per cent. The company’s sales in the corresponding period last year was 8,94,244 units.

Mr. Anil Dua, Sr. Vice-President (Marketing & Sales), Hero Honda Motors Ltd said, “Our performance in the month of June, as indeed in the first quarter, is very satisfying, coming as it does on the back of a high base last year. Our strategy has been driven by innovation in every sphere of our activity - building a robust product portfolio across categories, exploring new markets, aggressively expanding the network and continuing to invest in brand building activities. Going forward, we will continue to stay true to our strategy, and carry on setting new benchmarks.”

In an acknowledgement of the trust that customers across the country repose in the company, Hero Honda has recently been adjudged amongst the “Most Trusted Brands” in 2009 by Brand Equity Survey; and “Trusted Brand” (Motorcycles) 2009 by Reader’s Digest magazine. It has also been honored with the Dun & Bradstreet, Rolta Corporate Awards 2008 in two-wheeler category.

[Via: infibeam]

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2 Wheeler Companies register 5%-82% increase in sales

June 2nd, 2009 | No Comments | Posted in Uncategorized

TVS Motor Co. Ltd. has reported a 5.15% increase in its two-wheeler sales for May 2009, at 118,574 units, as against 112,770 units sold during May last year.

TVS domestic motorcycle sales stood at 43,165 units in May this year, as against 41,901 units in May 2008. Exports, however, were down 21%, at 11,135 units during May 2009 as against 14,071 units in the year-ago period.

Yamaha kept the momentum going, with an 82.38% hike in sales during May. The company sold 16,952 units during May this year, as against 9,295 units during May last year.

The country’s no.1 two-wheeler manufacturer, Hero Honda logged an increase of 22.52% in sales during May 2009, at 382,678 units, as against 312,317 units sold during May 2008.

[Via: indiaautomotive]

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