TVS Motor sales slump 8% to 184,901 units in Dec
The Dollar Business Bureau TVS Motor Company on Monday announced its December sales, which registered a 8.47% decline to stand at 184,901 units in December. The Chennai-based automobile manufacturer had sold 202,021 units in December 2015. The company’s total two-wheeler sales fell 7.47% to 179,508 units during the month, while the three-wheelers sales also plummeted 32.8% to 5,393 units. Total exports during the month also declined 6.15% to 31,694 units as against 32,706 units in December 2015. Exports of two-wheelers, however, grew marginally to 26,095 units from 25,841 units on a year-on-year basis. TVS Motor Company Ltd.’s sales dropped 8.5 percent in December, but the fall was lesser than that of its larger rivals in the two-wheeler space. However, the decline in TVS’ sales was significantly less ...
India's auto exports take a hit in December
During April- November 2015, the countrys auto exports grew by just 2.61%, much less than the growth rate of 5.78% witnessed during April-October period The Dollar Business Bureau During April-March 2015, the countrys overall automobile exports grew by 14.89% over 2014 when the overseas sales in of three-wheelers and two-wheeler grew by 15.44% and 17.93% respectively Indias automobile exports seem to have been facing the heat of the global slowdown as the growth rate in the overseas sales has witnessed a sharp reduction in the past two months. During April- November 2015, the countrys auto exports grew by just 2.61%, much less than the growth rate of 5.78% witnessed during April-October period. Analysts say that the steep fall in the export of commercial vehicles ...
