Latest News | TVS Motor Sales Drop 5 Pc in Feb at 2,81,714 Units

New Delhi, Mar 1 (PTI) TVS Motor Company on Tuesday reported a 5 per cent dip in total sales to 2,81,714 units in February.

The company had posted a total sales of 2,97,747 units in the same month last year, TVS Motor Company said in a statement.

Also Read | Vivo Y33s 5G With MediaTek Dimensity 700 SoC Launched.

Total two-wheelers sales were lower at 2,67,625 units last month, as against sales of 2,84,581 units in February 2021, it added.

Domestic two-wheeler sales stood at 1,73,198 units last month as compared to 1,95,145 units in the year-ago month, down 11 per cent, the company said.

Also Read | Tesla Offers Free EV Charging in Several Countries Around Ukraine Following Russian Invasion: Report.

"The shortage in supply of semiconductors has impacted the production and sales of premium two-wheelers. We are cautiously optimistic that the supply of semiconductors will improve in the coming months," it stated.

Total exports last month grew by 6 per cent to 1,07,574 units as against 1,01,789 units in February 2021.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)