Financial Daily from THE HINDU group of publications
Friday, May 03, 2002
Financial Daily from THE HINDU group of publications Friday, May 03, 2002 |
|
|
|
|
|
Corporate
-
Performance TVS April sales ride on Victor
MUMBAI: TVS Motor Co Ltd has said that its motorcycle sales volumes rose 83 per cent in April over the same month a year earlier, driven by the continuing demand for a four-stroke model launched last year. The Chennai-based company, which is the country's third-largest motorcycle maker, said it sold 50,283 motorcycles in April compared with 27,425 s April 2001. The 110-cc four-stroke Victor model has received a strong response since its launch in August last year. Prior to the launch, TVS had struggled to benefit from a boom in motorcycle sales because it mainly produced two-stroke models, seen as less efficient than four-stroke machines. TVS Motor said its scooter sales rose 32 per cent in April to 10,854 units, while moped sales rose 28 per cent to 19,548 units. Overall two-wheeler sales volumes rose 58 per cent to 80,685 units, it said in a statement. The company plans to invest more than Rs 200 crore this year, mainly to double motorcycle production capacity to 1.2 million bikes a year.
Send this article to Friends by E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|