The leading two and three wheeler Flagship Company of the TVS Group, reported a 12.4% growth in sales for the month of October, 2016. The company sold 308,690 units against 274,622 units a year ago.
- Scooters registered sales of 92,417 units in the month of October 2016 against 91,430 units in October 2015.
- Motorcycle registered sales of 121,550 units in October 2016 against 106,175 units in the month of October 2015.
- Exports registered sales of 35,134 units in the month of October 2016 against 41,682 units in October 2015
TVS Motors reported a second quarter revenue growth of 20.6% from Rs. 3,089.42 crore to Rs. 3,726.31 crore.
Its flagship model – Victor clocked in sales of 1 lakh units within 9 months of its launch in India with close to 8% market share in the overall motorcycle segment in India. Victor stands to be a major growth driver for the company as it looks to attain 10-12% market share.
Cementing its partnership with BMW, TVS Motor is planning to launch the first vehicle from the TVS-BMW tie-up in Q4 this year. Both the partners plan to launch two products, one under the brand of TVS and the other under the brand of BMW both manufactured at the Hosur facility.
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