TVS Motor Company has inked pact with Pandyan Grama Bank, an affiliate of Indian Overseas Bank (IOB), in order to offer financing options for TVS King three-wheeler. It has signed a memorandum of understanding with the bank in the presence of R.K. Bansal, Executive Director of IOB, at the bank headquarters in Virudhunagar, Tamil Nadu. The automaker is merchandising TVS King across the country in LPG, CNG and petrol variants.
The company has reported 8.34% decline in sales for the month of December 2012. The company has registered total sales of 156,221 units in passing month as against 170,428 units registered in same month previous year. The company’s total two wheeler sales fell by 9.63% with sales of 151,735 units in December 2012 against 167,905 units recorded in December 2011.
