"Sales of two-wheelers plunged to 150,740 units in August 2012 as against 190,184 units recorded in the same period of last year. The company reported domestic sales of 135,513 units for the month of August 2012 against 163,705 units of August 2011," TVS Motor said in a statement.
Shares of two wheeler companies have been dropping sharply on fears of slowdown in growth. In the last week shares of Bajaj Auto and Hero Motor Corp, both lost heavy ground.
In Today's trade shares of Bajaj Auto were up 1.71% and Hero Motor Corp were up marginally by 0.60%.