Chennai based automobile company, TVS Motor Company, has witnessed a sales growth of 10 percent for the month of March 2016. Its total sales were registered at 232527 units for the month of March 2016 as compared to the 211,005 units recorded in the same month the previous year.
However, the company witnessed a decline in the exports department by delivering just 31,121 units in the month of March 2016 as against 42,565 units for the same period last year. Interestingly, its two wheeler sales have increased.
In terms of its three wheeler segment, TVS Motor Company has witnessed a sales decline for the month of March 2016 by delivering 5874 units, as compared to 10,884 units for the same month in 2015. This sharp decline in sales came as a result of growing competition from the likes of Bajaj and Piaggio in the segment.
On the whole, TVS Motor Company's sales grow by about 9.8 percent for the fourth quarter in the last fiscal year. It sold almost 6.60 lakh units in Q4 as compared to 6.02 lakh units in the previous year. Coming to the three-wheeler sales, the company has sold as many as 0.21 lakh units in the fourth quarter of 2015-2016, as compared to 0.27 lakh units in the same quarter the previous year.