Moped Sales

Simpolo group said that it would aim to use the funds to increase the market share and grow penetration in the market, both domestic and international

During the April to September period domestic moped sales went down by 24.41 per cent to 251,166 units from 332,284 units

Moped sales have turned around since June on the back of good monsoon and positive sentiment in the rural market

TVS Motor, India's third largest two-wheeler maker, is the sole manufacturer of mopeds after Hero and Kinetic exited the sector many years ago

While moped sales declined 30% in the second quarter, TVS Motor recently said that it was confident of a better show after rural recovery

TVS Motor sold 168,000 mopeds during Q2, against 241,000 units during the same period last year

TVS Motor Company, the country's only manufacturer of mopeds, says it's committed to keep manufacturing the multi-utility vehicle.

TVS exported 16,062 mopeds in the April-February period, about four per cent more over a year before