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Tuesday, 3 April 2012

TVS Motors reports a 4.48 percent decline in sales for March

Tvs-motors
The Chennai-based TVS Motor Company has reported a 4.48 per cent fall in March sales at 1,82,527 units from 1,91,081 units in the same month of 2011. For the entire 2011-12 fiscal, the company’s total sales jumped 7.41 per cent to 21,98,142 units from 20,46,541 units in the previous fiscal.

Already the Japanese two-wheeler maker Honda Motorcycles and Scooters India (HMSI) has piped TVS to reach third spot behind Hero MotoCorp and Bajaj Auto in the two-wheeler segment. According to reports, during March, two-wheeler sales witnessed a 3.48 per cent decline at 1,80,274 units (1,86,781 units). Motorcycle sales went down by 17.14 per cent to 65,994 units (79,642 units).

It was also mentioned that total exports during the month dipped 22.69 per cent to 20,690 units from 26,762 units. Total three-wheeler sales also decreased 47.60 per cent to 2,253 units from 4,300 units.Automobile News

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