TVS sales declines 12.7% in November

TVS Motor Company today reported a 12.7 per cent decline in the sale of two wheelers in November, 2008 at 98,402 units compared with 1,12,766 units in the corresponding period last year.

Motorcycles sales of the company stood at 45,276 units for the month of November this year compared with 57,113 units in the same month last year.

"General inflationary trends, liquidity crunch and the continuing adverse impact of high interest rates with restricted availability of retail finances affected sales," the company said in a statement.

However, in terms of exports, the company has registered a growth of 100 per cent as it has exported 20,911 units in November 2008 compared with 10,408 units in the same month of the previous year.