Chennai : TVS Motor Company has reported a decline in total two-wheeler sales during February 2008 at 95,235 units compared to 1,20,110 units in the corresponding period last year.
A company press release said here on Monday that restricted availability of retail finance and high interest rates combined with stringent norms followed by financiers continued to affect the sale of two-wheelers. Also,the non-availability of the recently launched 125cc TVS Flame has made the company practically absent in the executive segment that forms 50 per cent of the market, the release said.
During February, motorcycle sales stood at 46,565 units compared to 70,155 units last year, while the scooter segment also saw a considerable decline at 14,126 units over 19,937 units in February 2007.
However,exports saw a quantum growth of about 56 per cent at 12,523 units as against 8,017 units in the corresponding period last year.
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