Country’s third largest two-wheeler maker, TVS Motor Company on Monday reported a 12.7 per cent decline in the sale of two wheelers in November, 2008 at 98,402 units compared with 112,766 units in the corresponding period last year.

In a statement released by the company, the sales of the motorcycle dropped 20.7 per cent in November to 45,276 units from 57,113 units a year ago.

“General inflationary trends, liquidity crunch and the continuing adverse impact of high interest rates with restricted availability of retail finances affected sales,” added the company release.  

In order to provide inventory funding to its dealers, the company had recently entered into an agreement with IndusInd Bank.

However, in terms of exports, the company has registered a growth of 100 per cent as it has exported 20,911 units in November 2008 compared with 10,408 units in the same month of the previous year.