When it comes to domestic motorcycle sales, TVS Motor Company has registered a growth of 63.7% with sales increasing from 58,211 units in December 2016 to 95,281 units in December 2017.
The scooter sales of the company grew by 50.5% from 55,557 units in December 2016 to 83,640 units last month. The total domestic two-wheeler business recorded a growth of 35.4%. The sales increased from 153,456 units in December 2016 to 207,778 units in December 2017. Two-wheeler exports grew by 52.7% increasing from 26,095 units in December 2016 to 39,852 units in December 2017.
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The total two-wheeler business, including domestic and exports registered a growth of 37.9% with sales increasing from 179,551 units in December 2016 to 247,630 units in December 2017. Coming to its three-wheeler business, the Hosur-based manufacturer grew by 72.1% increasing from 5,393 units in December 2016 to 9,279 units registered in December 2017. Overall, TVS Motor Company has registered a sales growth of 39% increasing from 184,944 units in December 2016 to 256,909 units in the month of December 2017.
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During Q3 FY ’17-18 (October to December 2017), two-wheeler sales of the Company grew by 13.8%; increasing from 7.02 lakh units in the Q3 of the previous year to 7.99 lakh units in the current year. The company also invested in a Bengaluru-based electric startup in December.
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