TVS Registers 6 Per Cent Sales Growth In December 2018

TVS Motor Company registered a positive end to the last calendar year with a 6 per cent growth in December 2018 sales. The company sold 271,395 units last month, as against 256,870 units sold in December 2017. The manufacturer's sales performance was on the rise across all segments including two-wheelers by 4 per cent, three-wheelers by 37 per cent, while and 26 per cent for export operations. The company also recorded a 19 per cent hike in volumes for the third quarter (October-December 2018) for the current financial year, over the same period last year.

In the two-wheeler segment, TVS sold 258,709 units in December 2018, growing by 4 per cent over 247,591 units sold in December 2017. Domestic two-wheeler sales meanwhile, increasing by 1 per cent up from 209,906 units last month, to 207,739 units sold in December 2017. Scooter sales grew by 9 per cent to 91,480 units in December last year, up from 86,638 units sold during the last month of 2017. TVS sold 107,189 motorcycles in December 2018, witnessing a 13 per cent hike in volumes as compared to 95,246 units sold in December 2017.

The Hosur-based bike maker's three-wheeler business grew as well with TVS retailing 12,686 units last month, a healthy growth of 37 per cent over 9279 units sold in December 2017. International sales too witnessed a jump for the Apache maker, which shipped a total of 60,262 units last month, a growth of 26 per cent over 47,818 units exported in December 2017. Two-wheeler exports contributed 48,803 units to total volumes shipped overseas, a growth of 22 per cent as compared to 39,852 two-wheelers shipped in December 2017.

For the third quarter of the current financial year, TVS sold a total of 9.50 lakh two-wheelers between October and December 2018, growing by 19 per cent from 7.99 lakh units sold during the same period of the previous fiscal. Three-wheeler sales grew by 47 per cent during the same period up by 47 per cent from 0.27 lakh units between October-December 2017 to 0.40 lakh units sold in the last three months of 2018.