TVS Motor 27% sales growth for May 2014, launch new Wego and Star City Plus

TVS Motor Company reported 27% sales growth for May 2014. Total sales stood at 210,293 units over 165,151 units sold in May 2013. TVS’ exports grew by 42% at 34,623 units sold in May 2014 over May 2013 when 24,393 units were sold.

TVS Star City PlusTwo wheeler exports registered a growth of 40% with sales increasing from 19,290 units in May 2013 to 27,000 units in May 2014. Total two wheeler sales increased by 26% with 201,234 units sold in May 2014 over 159,346 units sold in May 2013. Domestic two wheeler sales growth stood at 24% with 174,234 units sold in May 2014 over 140,056 bikes sold in May 2013.

Scooters sales grew by 60% from 33,747 units in May 2013 to 53,924 units in May 2014. Motorcycles sales growth stands at 28% have increased from 66,606 units in May 2013 to 85,475 units in May 2014.

TVS three wheeler sales growth stood at 56% with 9,059 units sold in May 2014 over 5,805 units in sold in May 2013. TVS Motor aims to sell 22 lakh two wheelers and CVs this fiscal. To that end, TVS Star City Plus has already replaced the company’s old Star City. The 110cc bike is available at a price of Rs 42,800 for the base variant. Armed with an electric start, it si available at a price of Rs 44,000 (ex-showroom Pune).

TVS Motor Company has launched the new Wego automatic scooter her last month at a price of Rs 46,410. 2014 TVS Wego costs Rs 48,857 for the drum bake variant and Rs 49,580 for the disc brake variant (ex sh Mumbai).