TVS Motor May sales up 5%
TVS Motor Company has posted 5% growth in May 2009, registering total two wheeler sales of 118,574 units against 112,770 units in the corresponding period of the previous year.
The company's domestic motorcycle sales for the month of May 2009 registered a growth of 3% over the same period of the previous year with total motorcycle sales registering 53,495 units in May 2009 when compared to 54,717 units recorded in May 2008. Scooters sales stood at 22,486 units in May 2009 when compared to 22,931 units recorded in the corresponding period of the previous year.
The ongoing economic slowdown in some countries continued to affect the company's exports which registered sales of 11,135 units of two wheelers in May 2009 as against 14,071 units in the corresponding period of the previous year. The company however, witnessed a growth of 10% in exports over the previous month.
The company is all set to strengthen its premium segment with the launch of the Apache RTR 180, scheduled for the current month. The motorcycle's sporty design, outstanding ride dynamics and technology promises to make it a preferred choice for high performance seekers.
The Apache RTR 180 has already been given rave reviews by auto experts, rating it as a strong, performance driven, zippy bike with excellent stability and handling that makes it a potent contender in the competitive and rapidly evolving Indian performance bike arena.
[Via: infibeam]
TVS Motor aims 15 per cent of premium bike segment
TVS Motor Company has said that its is expecting to garner a 15 per cent marketshare in India in the premium bike segment. The company has revealed that at least 2.5 lakh Apache RTR bikes have been sold in the country since its launch three years back. As against 4 per cent year-on-year growth in the premium bike segment, TVS has registered a growth of about 32 per cent in this segment.
India's third largest two-wheeler company has said all this on the sidelines of a mass delivery function hosted by them on 19th September in Hyderabad wherein about 250 bikes were handed over to customers. Currently, Andhra Pradesh is currently the second largest market for premium bikes in India after Delhi.
According to a senior representative of TVS Motor Company, Apache is the result of TVS's racing heritage and has been designed to woo youngsters both on looks and performance. He also added that nearly 60,000 to 70,000 bikes are sold on an average, depending on the market trends. He also said that the newly-launched Apache RTR Fi will help the company in enhancing its marketshare in the premium bike segment in India. The model is currently sold in selected cities and would be available countrywide shortly.
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