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TVS aiming to double scooter sales

July 1st, 2010 | No Comments | Posted in Uncategorized

Riding on the recently launched scooter Wego, TVS – General Manager, S Srinivas is expecting an increase in revenue this fiscal year as compared to the previous one. The growth rate is expected to be double as compared to the previous fiscal year. The estimate revenue figures of this fiscal year is expected to be between Rs.1,500 to Rs.1,600 crores as compared to Rs.800 crore in the previous year. The TVS Wego was launched around September 2009 and has majority of the TVS hopes riding on its shoulders, focusing on women mobility and independence. The scooter comes with a 110cc engine and priced at Rs.41,762 per unit.

According to Mr. S Srinivas the two wheeler sales in India is upswing and TVS has managed to sell 25,000 units per month in the previous year, this year however expectations have been almost doubled to 40,000 units per month! In other news, TVS is also planning to launch a new motorcycle in the entry level segment early July 2010. The two-wheeler major hopes that the new small capacity bike would add to the company’s sales volume.

[Via: BikeIndia]

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2-wheeler sales in India – March 2010

April 8th, 2010 | No Comments | Posted in Manufacturers

Hero Honda - Hero Honda sold 414,638 units during March 2010, an increase of 14% over the 353,342 units sold during March 2009. Hero Honda also logged sales of over 4.6 million units during FY 2009-10, a growth of around 24% over the 3.7 million units sold during the previous fiscal. ‘Our high growth rate, despite the large base of the previous year, is reflective of the great momentum in our business and the strength of our strategy that continues to yield exceptional results,’ said Pawan Munjal, MD and CEO, Hero Honda Motors Ltd. ‘With a number of new strategic initiatives in the pipeline, we enter the next fiscal with renewed optimism. We will aggressively expand our presence across new rural, urban and export markets. We are also looking at setting up our fourth plant in the near future,’ added Munjal.

TVS Motor - TVS Motor reported a 24% growth in sales during March 2010, at 146,000 units, as compared to 118,000 units during March 2009. TVS sold 1,521,000 units during FY 2009-10, as compared to 1,325,000 units during the previous financial year. TVS’ three-wheeler sales increased by 25% in March this year, at 126,000 units, as compared to 101,000 units during March 2009. Sales in the scooterette segment were up 50% in March 2010, at 28,504 units, as compared to 19,054 units in March 2009. TVS’ motorcycles sales in March 2010 were up 7%, at 64,120 units, as compared to 59,796 units in March 2009. Exports during the month were up 23%, at 20,067 units, as against 16,340 units in March last year. Three-wheeler exports went up from 650 units in March 2009 to 2,431 units in March 2010.

Yamaha - Yamaha saw a 27% hike in sales during March 2010, at 27,460 units, as compared to 21,571 units during March 2009. During FY 2009-10, IYM sold 290,211 units (comprising of 223,307 units in the domestic market and 66,904 units sold overseas), a 44% increase over the 201,009 units during the previous fiscal. During March this year, IYM sold 17,892 units in the domestic market, as against 14,575 units during March 2009, an increase of 23%. Exports during the month went up by 37%, at 9,568 units, as compared to 6,996 units in March 2009.

Suzuki - Suzuki Motorcycle India Pvt. Ltd. sold 21,752 units during March 2010, a 76% hike over sales in March 2009.

Bajaj - Bajaj sold a total of 2.85 million units in FY 2009-10, the highest ever in its history. This includes exports of nearly 900,000 units, also the highest ever in the company’s history. The company sold 808,929 units during January-March 2010, an 84% increase over the sales figures for Q4 in the previous fiscal. Bajaj sold 244,828 motorcycles in March 2010, an 85% increase over the 132,253 units sold in March 2009. Three-wheeler sales during the month, at 29,344 units, were up 37% over March 2009.

[Via: indiaautomotive]

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TVS Wego Launched

November 25th, 2009 | No Comments | Posted in Uncategorized

After the huge success of recently launched Apache RTR 180 & Flame SR125, TVS India is has launched all new scooterette – TVS Wego . It has been launched with a price tag of 41,000 (Ex-Showroom). It is powered by a new 110cc engine which also powers the TVS Jive . The 110cc engine generates maximum power of 8.4 Bhp at 7500 rpm with 8 Nm of torque at 5500 rpm. TVS has good experience in manufacturing scooterettes with automatic trasmission as they are selling TVS Scooty n good numbers.

[Via: Bikes India ]

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