Higher Exports Couldn’t Save TVS Motor From The Blushes In February

Higher Exports Couldn’t Save TVS Motor From The Blushes In February
Signage seen at the PT TVS Motor Company Indonesia Factory in Karawang, near Jakarta, Indonesia (Photographer: Dimas Ardian/Bloomberg News)  

TVS Motor Company Ltd.'s total sales declined 3.6 percent on a year-on-year basis in February.

The automaker sold 2.11 lakh units last month compared to 2.19 lakh units sold in the year-ago period, it said in a stock exchange filling.

Total two-wheeler sales fell 2.3 percent to 2,06 lakh units, of which 1.72 lakh units were sold domestically. The motorcycle segment witnessed a slowdown as sales fell 23.4 percent to 58,994 units. Scooter sales grew 2.9 percent to 69,020 units.

Three-wheeler sales too slipped 37.2 percent to 5,223 units from 8,319 units in February last year.

Total exports grew 9.8 percent to 38,215 units of which 33,636 units were two-wheelers.

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