TVS Motor sales down by over 18pc in October

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IANS | 11 months ago

TVS Motor sales down by over 18pc in October

Chennai, Nov 1 : Two and three wheeler maker TVS Motor Company Ltd on Friday said it sold 3,23,368 units last month (October), a decline of over 18 per cent as against sales in the month of October, 2018.

In a statement issued here, the company said it registered a total sales of 3,23,368 units (two wheelers 308,161 units, three wheelers 15,207 units) in October 2019 as against sales of 3,98,427 units (two wheelers 384,307 units, three wheelers 14,120 units) in the month of October 2018, a decline of 75,059 units yoy basis.

The company has seen an uptrend in October sales and has significantly rationalised BS IV stocks for the transition to BS VI.

In the domestic market, the company had logged two-wheeler sales of 2,52,684 units in October 2019 as against sales of 3,38,988 units in the month of October 2018.

The total motorcycle registered sales of 1,25,660 units in October 2019 as against sales of 1,50,429 units in October 2018.

The total scooter sales of the Company registered 1,21,437 units in October 2019 as against sales of 151,040 units in October 2018.

The company's total exports grew by 20 per cent increasing from 57,926 units in October 2018 to 69,339 units in October 2019.

Two-wheeler exports grew by 22 per cent increasing from 45,319 units in October 2018 to 55,477 units in October 2019.