TVS Motor 2-wheeler sales up 6% in Feb

Total exports up 31%; scooter sales grow 37%

TVS Motor Company reported 6% increase in two-wheeler sales in February 2014 to 170,293 units from 160,895 units during the same month last year.

During the month, TVS Motor Company reduced prices between Rs 850 and Rs 3,500 across its product range, having passed on the entire benefit of the recently announced excise duty reduction to its customers.

Domestic two wheeler sales registered a growth of 3% from 142,800 units in February 2013 to 147,580 units in February 2014. Scooter sales grew by 37% from 30,611 units in February 2013 to 41,990 units in February 2014. Motorcycles sales grew by 3% from 60,985 units in the month of February 2013 to 62,762 units in February 2014.

Company's total exports grew by 31%, with sales increasing from 21,896 units in the month of February 2013 to 28,782 units in February 2014.

Two wheeler exports registered a growth of 26% from 18,095 units in February 2013 to 22,713 units in February 2014.

Three wheeler sales of the company registered an increase of 53%, growing from 4,801 units in February 2013 to 7,369 units in February 2014.