Corporate | Two-wheeler sales up in Feb as demand rises

Corporate | Two-wheeler sales up in Feb as demand rises
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First Published: Sun, Mar 01 2009. 10 00 PM IST
Updated: Sun, Mar 01 2009. 10 00 PM IST
Mumbai: TVS Motor Co. Ltd said two-wheeler sales in February rose 13%, helped by a 32% increase in exports.
Sales of motorcycles and scooters climbed to 107,301 units last month, compared with 95,235 in the year-ago period, TVS said in an email statement from Hosur in Tamil Nadu.
Exports grew to 16,583 from 12,523, India’s third biggest motorcycle maker said.
Hero Honda Motors Ltd also said sales in February rose 24%.
Sales of motorcycles and scooters totalled 329,055 in February compared with 265,431 in the year-ago month, the New Delhi-based company said in an emailed statement on Sunday.
Bloomberg
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Raymond to expand in West Asia, Saarc regions
Mumbai: Textile and apparel maker, Raymond Ltd, is betting big on West Asian and South Asian Association for Regional Cooperation (Saarc) markets and plans to have a 50-strong store network there by 2012.
“We plan to expand our footprint internationally with a special focus on the Middle-East. Our plan is to increase our ‘The Raymond Shop’ network in the Middle-East/Saarc from the present 35 to 50 by 2012,” Raymond’s chairman and managing director Gautam Hari Singhania said.
Of the existing 35 overseas stores, 24 are located in West Asia “indicating the region’s importance in our scheme of things”, Singhania said.
PTI
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CII demands industry status for realty sector
New Delhi: The Confederation of Indian Industry (CII) has asked the government to accord industry status to the realty sector in a bid to attract investments so that it could recover from the ongoing slowdown.
CII said the move would bring a major transformation in terms of outlook for the sector.
“The industry status will help the sector access bank lending at a competitive interest rate at low collateral values as against high risk rates prevailing at present,” CII said in a report.
PTI
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First Published: Sun, Mar 01 2009. 10 00 PM IST
More Topics: Two-wheeler | Sales | TVS Motor | Hero Honda | Raymond |