Friday, February 1, 2008

Q3 results of Maruti & TVS Motors!!

India's largest car maker, Maruti Suzuki has announced its January sales numbers. It has sold 68,107 units in the month of January 2008 as against 65,341 units in same period of last year. Current sales numbers included export of 4,648 units.

Domestic sales in January 2007 was 62,248 numbers. Maruti’s volume in the domestic A2 segment went up by 3 per cent, while in A3 segment the domestic volume grew by 12 per cent, compared to January 2007. In C segment the sales grew by 17% per cent during the month compared to sales in January 2007.


TVS Motor Jan 2-wheeler sales at 93,385 units

TVS Motor Company registered total two wheeler sales of 93,385 units in January 2008 against 121,147 units in the corresponding period of the previous year and 97,576 in previous month. Exports witnessed quantum growth of 84%.

During the month the company’s motorcycle sales stood at 38,961 units in comparison to 69,634 units recorded in January 2007 and 51,293 units in previous month. In the scooter segment, TVS Scooty reported 18,594 units in January 2008 in comparison to 20,534 units in the corresponding period the previous year and 14,568 units in previous month.

Over the course of the next two months, the company plans to launch several new products into the market including a new entry level StaR Sport to overcome the hurdle of restricted availability of retail finance, high rates of interest and stringent norms followed by financiers.

The new StaR Sport motorcycle will come with best of class mileage and reliability. The company will also launch the new Scooty Teenz Electric and the Apache RTR Efi. TVS Motor Company will also make its foray into the three-wheeler market.

Exports reported sales of 13,108 units of two wheelers in January 2008 as against 7,049 units in the corresponding period of the previous year thereby recording 86% growth.

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