2 Wheeler Companies register 5%-82% increase in sales
TVS Motor Co. Ltd. has reported a 5.15% increase in its two-wheeler sales for May 2009, at 118,574 units, as against 112,770 units sold during May last year.
TVS domestic motorcycle sales stood at 43,165 units in May this year, as against 41,901 units in May 2008. Exports, however, were down 21%, at 11,135 units during May 2009 as against 14,071 units in the year-ago period.
Yamaha kept the momentum going, with an 82.38% hike in sales during May. The company sold 16,952 units during May this year, as against 9,295 units during May last year.
The country's no.1 two-wheeler manufacturer, Hero Honda logged an increase of 22.52% in sales during May 2009, at 382,678 units, as against 312,317 units sold during May 2008.
[Via: indiaautomotive]
Hero Honda extends lead over rivals
In a period where most two-wheeler manufacturers in India are having to deal with flat or declining sales, Hero Honda continues to improve its performance relentlessly.
From April 2008 to February 2009, the company sold 33 lakh units - a 12% growth over the corresponding period in the previous fiscal.
In the October-December 2008 quarter, Hero Honda's profits stood at Rs 300.42 crore - an increase of 9.24% over the year-ago period, while total turnover stood at Rs 2,881.27 crore, an increase of about 5%.
[Via: indiaautomotive]
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