Home Economy TVS logs 23 percent sales increase in November

TVS logs 23 percent sales increase in November

By IANS,

Chennai : The country’s third largest two-wheeler company TVS Motor registered sales of 120,844 units last month, an increase of 23 percent over the 98,402 units sold in November last year.

In the domestic market, the company sold 106,836 units as against 77,491 units in the like month in 2008, it said in a statement Tuesday.

TVS logged most of its volume growth from moped sales — 36,641 units as against 14,005 units in November 2008.

Its scooter sales stood at 25,115, an increase of 6,905 units over that of November 2008 sales.

The company saw a dip in motorcycle sales to 45,080 units from 45,276 units in the corresponding month last year.

Exports too fell to 14,008 units as compared to 20,011 units in the year-ago period.