Wednesday, April 1, 2009

TVS Motor March two-wheeler sales up 4.2 pct

TVS Motor Co, India's third-largest two wheeler maker, on Wednesday reported a 4.2 percent rise in March sales, helped by robust demand for its scooters and increased exports.

The company's total two-wheeler sales in March stood at 121,988 units, compared with 117,045 units in the same period last year, it said in a statement.

Scooters sales increased 44 percent to 22,975 units in March, led mainly by the recently launched TVS Scooty Streak, the company said in a statement.

The firm exported 16,340 units of two-wheelers in March against 13,070 units in the corresponding period of the previous year, a growth of 25 percent.

However, motorcycle sales fell 8.5 percent in March to 55,754 units, it added.

"Cumulative growth in sales for the financial year April 2008 to March 2009 stood at 3 percent," TVS said.

At 10:53 a.m., shares of TVS Motor were up 1.1 percent at 22.9 rupees. It rose as much as 6.62 percent after the news.

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