TVS Motor sales up 28% in April 2010
Augmented by substantial contributions across all segments of the two wheeler market and riding on the back of new launches, TVS Motor Company began the first month of FY11 on a positive note, with total two wheeler sales growing 28% from 113,119 units in April 2009 to 144,689 units in April 2010. Domestic two wheeler sales registered 22% growth from 102,985 units in April 2009 to 125,471 units in April 2010. The company's three wheeler business continued to post substantial growth.
Motorcycle sales of the company grew by 24 % in April 2010 with sales of 66,000 units compared to 53,235 units in the same month of the previous year. Scooters continued its impressive sales growth increasing by 43% from 18,819 units in April 2009 to 26,860 units in the April 2010. Three wheeler sales continued to excel with the company registering sales of 2483 units in April 2010 over 706 units in April 2009.
Exports recorded remarkable growth of 90 % growth during the month of April 2010 with sales of 19,218 units against 10,134 units in April 2009. During the month, TVS Wego, the company's metal bodied scooter, with unisex styling was launched in Pune and Nagpur. The product has received favourable response among customers and will be made available across the country over the next two months.
[Via: Infibeam]
Hero Honda Sales – April 2010
Hero Honda Motors Ltd (HHML), the world's largest two wheeler manufacturer, continues to post monthly sales of over 3 lakh units. This is the 16th consecutive month that the company has reported three-lakh-plus sales. The company started the first quarter (April-June) of Financial Year (FY) 2010-11, with sales of 3,71,652 units in the month of April, 2010. Hero Honda had sold 3,70,575 two-wheelers in April last year. Anil Dua, Sr. Vice-President (Marketing and Sales), Hero Honda Motors Ltd said, ""We have been witnessing a steadily growing demand for our products, and have been ramping up our production levels accordingly. However, as we have already informed, due to certain IR issues at our suppliers' end, we have faced an acute shortage of batteries for over two weeks in the month of April.
As a result of this, our despatches have been adversely impacted and currently over 50,000 fully finished motorcycles are stranded at our plants for want of batteries. I am happy to inform that these issues have now been resolved and we have been assured of supply returning to normal within a week's time." Hero Honda's retail sales continue on its robust growth trajectory. To further keep up this momentum, the company has introduced two models in April - the refreshed Glamour and Glamour FI. Both these models have been contributing significant volumes to the company's strong share in the deluxe segment, and the launch of the refreshes are set to further build on this leadership.
Hero Honda also recently crossed yet another significant milestone by covering 100,000 villages under its path-breaking rural initiative - "Har Gaaon Har Angan". The umbrella platform for all rural initiatives which was launched in late 2007, has been instrumental in the steadily growing share of Hero Honda in the rural and upcountry markets, taking the contribution of sales from these markets to 42 per cent of the company's total sales.Hero Honda crossed several new milestones in the recently concluded fiscal (2009-10). The company posted a stellar top line performance with the total cumulative sales volume of more than 4.6 mn units. Hero Honda also crossed the landmark million units in sales in each quarter of fiscal '10, capping it off with the highest-ever quarter sales of 11, 86,536 units in the fourth quarter. The company also reported an excellent bottomline with its highest-ever annual revenues, net profit and earnings per share.
Courtesy: Hero Honda India
2-wheeler sales in India – March 2010
Hero Honda - Hero Honda sold 414,638 units during March 2010, an increase of 14% over the 353,342 units sold during March 2009. Hero Honda also logged sales of over 4.6 million units during FY 2009-10, a growth of around 24% over the 3.7 million units sold during the previous fiscal. 'Our high growth rate, despite the large base of the previous year, is reflective of the great momentum in our business and the strength of our strategy that continues to yield exceptional results,' said Pawan Munjal, MD and CEO, Hero Honda Motors Ltd. 'With a number of new strategic initiatives in the pipeline, we enter the next fiscal with renewed optimism. We will aggressively expand our presence across new rural, urban and export markets. We are also looking at setting up our fourth plant in the near future,' added Munjal.
TVS Motor - TVS Motor reported a 24% growth in sales during March 2010, at 146,000 units, as compared to 118,000 units during March 2009. TVS sold 1,521,000 units during FY 2009-10, as compared to 1,325,000 units during the previous financial year. TVS' three-wheeler sales increased by 25% in March this year, at 126,000 units, as compared to 101,000 units during March 2009. Sales in the scooterette segment were up 50% in March 2010, at 28,504 units, as compared to 19,054 units in March 2009. TVS' motorcycles sales in March 2010 were up 7%, at 64,120 units, as compared to 59,796 units in March 2009. Exports during the month were up 23%, at 20,067 units, as against 16,340 units in March last year. Three-wheeler exports went up from 650 units in March 2009 to 2,431 units in March 2010.
Yamaha - Yamaha saw a 27% hike in sales during March 2010, at 27,460 units, as compared to 21,571 units during March 2009. During FY 2009-10, IYM sold 290,211 units (comprising of 223,307 units in the domestic market and 66,904 units sold overseas), a 44% increase over the 201,009 units during the previous fiscal. During March this year, IYM sold 17,892 units in the domestic market, as against 14,575 units during March 2009, an increase of 23%. Exports during the month went up by 37%, at 9,568 units, as compared to 6,996 units in March 2009.
Suzuki - Suzuki Motorcycle India Pvt. Ltd. sold 21,752 units during March 2010, a 76% hike over sales in March 2009.
Bajaj - Bajaj sold a total of 2.85 million units in FY 2009-10, the highest ever in its history. This includes exports of nearly 900,000 units, also the highest ever in the company's history. The company sold 808,929 units during January-March 2010, an 84% increase over the sales figures for Q4 in the previous fiscal. Bajaj sold 244,828 motorcycles in March 2010, an 85% increase over the 132,253 units sold in March 2009. Three-wheeler sales during the month, at 29,344 units, were up 37% over March 2009.
[Via: indiaautomotive]
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