Busines

TVS Motor Company posts 5% sales growth in April 2019

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Auto major reports total 2-wheeler sales of 3.06 lakh units

TVS Motor registered a 4.6% growth in sales volume in April 2019 to 3.19 lakh units from 3.05 lakh units recorded year earlier.

During the period under review, the company reported total two-wheeler sales of 3.06 lakh units from 2.93 lakh units, marking a 4.4% growth. In the domestic market, the company sold 2.48 lakh two wheelers, registering a growth of 2.5%, against 2.42 lakh units sold in the year-ago period.

Scooter sales grew 9% from 89,245 units to 97,323. Motorcycle sales grew 8.3% to 1.43 lakh units (1.32 lakh units). Three-wheeler sales grew 15% to 13,104 units (11,377 units). Overall exports grew 13% to 69,565 units.

Leyland sales

Truck major Ashok Leyland Ltd. posted a 7.49% growth in total monthly sales in April 2019 to 13,626 units from 12,677 units in the comparable year-ago period, due to growth in truck, buses and light commercial vehicles (LCVs).

Domestic sales of medium and heavy commercial vehicles (M&HCV) and LCVs grew 9.96% to 13,141.

In the M&HCV segment, trucks sales grew to 7,517 units from 7013 units. Bus sales grew 12.89% to 1,401 units. LCVs grew 14% to 4,223 units.

Eicher Motors, the makers of Royal Enfield motorcycles, reported a 17.47% dip in its April month sales to 62,879 units against 76,187 units sold a year earlier.

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