TVS Motors sales up 24% in Mar 2010

by khalid on 02/04/2010 · 0 comments

TVS Motor Company has sold out 146736 two wheelers in March 2010 which is an increase of 24% when compared to the sales of similar period March 2009. The company sold out 118000 two wheelers in March 2009. Cumulative growth for the period April 2009 to March 2010 stood at 15%, with 1521912 units against 1325754 units in the comparable period of the previous year that is April 2008 to March 2009.

The company’s three wheeler business was also substantially higher in March 2010 than over the same period of the previous year. Domestic sales grew 25 % registering sales of 126669 units in March 2010 when compared to 101660 units recorded in March 2009.

Propelling the spurt in sales was the scooter segment, which contributed 50% growth in its segment. Scooters witnessed sizeable growth recording 28,504 units in sales in March 2010 as against 19,054 units in March 2009. Motorcycle registered a growth of 7 % in March 2010 with sales of 64120 units in March 2010 when compared to 59796 units in the same month of the previous year.

TVS Wego, the company’s metal bodied scooter, with unisex styling will be rolled out in phases across the country beginning April 2010 and is expected to be available across the country over the next two months.

Share’s Data :-
BSE Code : 532343
Mkt. Cap: Rs 1968 Crores
P/E Ratio: 62.78
EPS (Rs): 1.31
Face Value : Rs 1
Last Dividend : 70% in Jan 2010
52 Week H/L : Rs 83.45 / 22.00
TVS Motor Company Ltd. share’s CMP is Rs 82.90 on 1st Apr 2010.

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