TVS Motors, India's third largest two-wheeler maker, has announced its auto sales figure for the previous month. The company posted 11% increase in its two-wheeler sales at 1.27 lakh units in the month of August 2009, as compared to 1.14 lakh in July 2009.

Mr. HS Goindi, President Marketing, stated that sales are expected to rise from September onwards. The season opens in September 15, 16 or 17 and goes up to around October 18.

The company's domestic sales in the month of August grew by 20% to 115,095 units, as compared to 96,238 units in the same month of the last fiscal, with motorcycles contributing 12% growth and scooters adding 13% growth.

Scooters reported a growth of 13% to 28,582 units of the total sales in the month of August 2009, as against 25,392 units in same period last year. The company's total motorcycle sales stood at 51,127 units in August 2009, as against 52,304 units in the same month of the previous fiscal.

The company gets almost 30% of its sales from rural customers.

Shares of TVS Motors, on Tuesday, closed at Rs 50.25, down 3.93% or Rs 1.90. The total quantity of shares traded was 877,127 on the BSE.

Source: stockwatch