Riding high on the scooter sales, TVS Motor Company has registered a 16 percent growth in August 2017. The overall sales stood at 3,17,563 units as opposed to the 2,74,303 units in August 2016.
The two-wheeler division registered a growth of 15.5 percent with a sales figure of 3,09,146 units in August 2017. In the domestic market, the two-wheeler sales grew by 13.2 percent by retailing 2,70,544 units as opposed to the 2,38,984 units in August 2016.
Scooter sales made a significant contribution to the company's growth in August. The segment recorded a growth of 49.3 percent by retailing 1,14,354 units as opposed to the 76,572 units in August 2016.
In the motorcycle segment, the company sold 111,927 units in August 2017 as against 114,195 units in August 2016. Exports also made a significant contribution to the TVS' growth in August 2017.
The company's exports grew by 33.7 percent by exporting 45,604 units in August 2017 against the 34,097 units in August 2016. Two-wheeler exports stood at 38,602 units in August 2017 and recorded a growth of 34.6 percent.
The three-wheeler segment also grew by 26.9 percent. The company sold 8,417 units in August 2017 as opposed to the 6,633 units retailed in the same period of 2016.
TVS scooters performed well in August 2017 and made a significant contribution to the company's growth. With the festive season ahead, we can expect the sales numbers to go up this month as well.