TVS Motor January sales up 1.22 pc to 1,88,598 units

TVS Motor Company today reported a marginal growth of 1.22 per cent in its total sales at 1,88,598 units in January 2015.
The Chennai-based company had sold 1,86,313 units in the same month last year, TVS Motor Company said in a statement.
Total two-wheeler sales for the month also increased marginally by 1.08 per cent to 1,81,516 units as against 1,79,576 units in January 2014.
Domestic two-wheeler sales stood at 1,62,284 units last month, up 3.93 per cent, from 1,56,138 units in the year-ago period, it added.
Scooters sales during the month grew by 23.97 per cent to 56,032 units in January 2015 as against 45,198 units in the corresponding month last year.

Motorcycles sales grew by 6.87 per cent to 69,949 units last month as compared to 65,449 units in the corresponding month a year earlier.

During the month, three-wheeler sales grew by 5.12 per cent at 7,082 units, from 6,737 units in January 2014.
However, exports in January declined by 13.31 per cent to 25,029 units, compared to 28,875 units in the corresponding month a year earlier.
"The company witnessed planned production cuts due to annual maintenance and Pongal holidays in its major plants during the month of January," TVS Motor said.