TVS Motor Zooms Ahead on March and FY18 Sales | CORPORATE ETHOS

TVS Motor Zooms Ahead on March and FY18 Sales

By: | April 2, 2018
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Apr 2: TVS Motor Co Ltd (BSE:532343, NSE:TVSMOTOR) has risen over 6% in Monday noon trade on impressive sales results for March, Q4FY18 and FY18. It was trading at 655 (6.49%) higher after hitting a high of 658.

TVS Motor Company registered a sales growth of 27% increasing from 256,341 units in March 2017 to 326,659 units in the month of March 2018.  During the financial year 2017-18, two-wheeler sales of the Company grew by 17.8% increasing from 28.58 lakh units registered in the financial year 2016-17 to 33.67 lakh units in the year under review.

Three-wheeler sales of the Company grew by 42.5% from 0.69 lakh units in the financial year 2016–17 to 0.99 lakh units in the financial year 2017-18.

Two-Wheeler

Total two-wheelers registered growth of 25.8% with sales increasing from 250,979 units in March 2017 to 315,765 units in March 2018. Domestic two-wheelers recorded growth of 22.2% with sales increasing from 216,995 units in March 2017 to 265,166 units in March 2018.

Scooter sales of the Company grew by 20.0% from 84,173 units in March 2017 to 100,972 units in March 2018. Motorcycles sales grew by 40.5% with sales increasing from 95,671 units in March 2017  to 134,412 units in March 2018.

Exports

The Company’s total exports grew by 55.0% from 38,462 units registered in the month of March 2017 to 59,628 units in March 2018. Two-wheeler exports grew by 48.9% increasing from 33,984 units in March 2017 to 50,599 units in March 2018.

Three-Wheeler

Three-wheeler of the Company grew by 103.2% increasing from 5,362 units in March 2017 to 10,894 units registered in March 2018.