TVS Motors posts 13 pc growth in sales

Two-wheeler manufacturer TVS Motors today said it has sold 1,07,301 units last month,up by 13 percent as compared with the corresponding period last year.

Written by Press Trust Of India | Chennai | Published:March 2, 2009 11:49 pm

Two-wheeler manufacturer TVS Motors today said it has sold 1,07,301 units last month,up by 13 percent as compared with the corresponding period last year.

The company said it had sold 95,235 units in the same period last year. The growth was achieved “despite industry being affected by high interest rates,lack of retail credit and the ongoing economic slowdown,” the company said in the release. Cumulative growth in sales for the current financial year since April 2008 stood at three percent,the release said.

The company exported 16,583 units of two wheelers in February 2009,as against the 12,523 units in the corresponding period of the previous year,registering a growth of 32 percent,the release said. Exports continued its overall growth trend,registering 43 percent increase in cumulative sales for the period April 2008 to February 2009,the release said. The company’s motorcycle sales stood at 49,659 units compared to 46,565 units in February 2008,posting an increase of seven percent over the same period of the previous year,the release said.

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