TVS Motor posts 4.80% rise in April sales - by Drdutta
TVS Motor, India's no. 3 motorcycle maker reported 4.80% growth in two-wheeler sales in April by ending 13-month drop in sales to 109,937 units as against 104,893 units sold in previous year period. Shares of TVS Motor gained soon after the announcement by Rs 3.1, or 7.18%, to trade at Rs 46.25.
In terms of statistic, sales of motorcycle climbed nearly 9% to 58,202 units and scooter sales rose marginally by 1.26% over last year period to 19,034 units. Exports grew nearly 41% to 10,213 units in April 2008 compared with 7,231 units sold in prior year period. The stock has shown a rise of 11.12% over the week and 17.61% over a month.
According to sources, company is all set to further strengthen its premium segment with the launch of the 'fuel injection' variant of 'Apache RTR'. It will be the first time that the company is offering fuel injection technology in the 160 cc category.