TVS and Hero Honda sales up in August

CHENNAI: Two-wheeler manufacturer TVS Motor Co has logged 11 per cent volume growth in August 2008, selling 114,321 units against 102,734 units in the corresponding period last year.

During the month under review, TVS sold 52,304 motorcycles compared to 46,235 units in August 2007, registering a growth of 13 per cent.

Scooter sales grew by three per cent from 24,645 in August 2007 to 25,392 units the previous month.

Exports continued its upward trend, posting a growth of a 51 per cent. The company exported 18,083 units of two wheelers in August 2008 against 12,006 units in the year-ago period.

NEW DELHI: Country’s largest two-wheeler maker Hero Honda today reported a 26.84 per cent jump in its domestic sales in August at 3,05,516 units, against 2,40,875 units in the corresponding month last year.

The cumulative sales for the April-August period this year stood at 14,81,077 units, compared with 12,44,919 units in the corresponding period last year, reflecting a 18.97 per cent growth, the company said in a statement.

The company said it has strengthened its share in the domestic motorcycle market by over 55 per cent.

“Our strategy is yielding results… however, the industry continues to face uncertainty on account of high interest rates and overall credit squeeze,” Hero Honda Motors Senior Vice President (Marketing and Sales) Anil Dua said.

The coming festival month of October would be crucial in determining the overall outlook of the industry for the rest of the year, he added.

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