TVS Motor Dec sales down 8% at 1.56 lakh units
Two-wheeler maker TVS Motor Co's total sales in December declined 8 percent year-on-year to 1.56 lakh units.
January 01, 2013 / 16:24 IST
Moneycontrol Bureau
Two-wheeler maker TVS Motor Co's total sales in December declined 8 percent year-on-year to 1.56 lakh units. The Chennai-based company's two-wheeler sales were down 10 percent to 1.52 lakh units, while three-wheeler commercial vehicle sales jumped 78 percent from a year ago to 4,486 units.Last month, TVS Motor's motorcycle sales rose 6 percent to 60,210 units, driven by new launches like the Phoenix, but scooter sales slumped 32 percent to 30,398 units. Its total exports declined to 20,251 units from 22,481 units a year ago.TVS Motor shares were up 1 percent at Rs 42.30 on NSE in noon trade. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
