TVS Motor Co sales grow 7% in February

TVS Motor Company has recorded a 7% growth in sales during the month of February 2016, with total sales increasing from 204,565 units recorded in the month of February 2015 to 219,467 units in the month of February 2016.

Exports take a hit

The company's total exports stood at 34,804 units in February 2016 as against 38,725 units in the month of February 2015, down 11.26%. Continuing the decline in exports, two-wheelers stood at 27,949 units in February 2016 as against 31,001 units in February 2015, down 10.91%. 

Two-Wheelers continue to grow

Two-wheeler sales increased by 8% from 195,509 units recorded in February 2015 to 211,148 units in February 2016. Domestic two-wheeler sales grew by 11.4% with sales increasing from 164,508 units in February 2015 to 183,199 units in February 2016.

Further, scooter sales of the company grew by 18.2% increasing from 56,750 units in February 2015 to 67,089 units in February 2016. Motorcycles recorded 3.8% growth with sales increasing from 74,292 units in the month of February 2015 to 77,093 units in February 2016.

Three-Wheeler numbers decline

The company’s three-wheelers registered sales of 8,319 units in the month of February 2016 as against 9,056 units in February 2015, down 8.85%.