TVS Motor sales down 5% in May 12

TVS Motor Company witnessed a 5.33% drop in total sales for the month 2012 to 176,012 units in comparison with 185,930 units recorded in May 2011. The company`s cumulative sales for the period April 2012 to May 2012 stood at 350,467 units against 353,674 units recorded in the previous comparable period, witnessing a marginal decline. Total two wheeler sales were at 173,092 units in May 2012 in comparison with 181,891 units recorded in May 2011, witnessing a 4.83% decline. Domestic sales of the company were recorded at 151,980 units in May 2012 against 158,829 units registered in May 2011, witnessing a 4% decline. The company`s scooter sales stood at 38,833 units in May 2012 against 38,168 units in the same month of the previous year. Motorcycles sales accounted for 64,134 units in May 2012 against 75,619 units in May 2011. Exports registered total sales of 22,817 units in May 2012 against 26,168 units in the same month of the previous year. The company`s two wheeler exports stood at 21,112 units in May 2012 in comparison with 23,062 units in May 2011. The company sold 2,920 units of three wheelers in May 2012 against 4,039 units in the same month of the previous year. Shares of the company declined Rs 0.1, or 0.29%, to trade at Rs 33.90. The total volume of shares traded was 181,903 at the BSE (12.10 p.m., Friday).