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TVS Motor sales rise 2.43% in nov

TVS Motors, Interim Dividend
New Delhi: TVS Motor Company on Tuesday reported a 2.43 per cent increase in total sales at 2,25,401 units last month.

The Chennai-based company had sold 2,20,046 units in November 2014.

Total two-wheeler sales for the month grew 3.18 per cent to 2,17,706 units as against 2,10,979 units in November 2014, TVS Motor Company said in a statement.

However, Motorcycle sales declined 4.93 per cent to 82,163 units last month compared with 86,424 units in the corresponding month a year ago.

Scooter sales grew 22.21 per cent to 76,043 units in November 2015 as against 62,223 units in the corresponding month last year.

"Incessant rains for the past three weeks in Chennai have had an adverse effect on company's production during this period. The company suffered sales loss of approximately 15,000 units due to inclement weather", TVS Motor said in a statement.

Exports last month declined 14.26 per cent to 33,621 units, compared to 39,215 units in the corresponding month a year ago.

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