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Covid effect: TVS Motor’s domestic sales plunge 33% in April

Sales in April 2021 are lower due to lockdowns in many states, said the company.

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2021/05/04/photogrid_plus_1620108816321.jpg?itok=yyAKfYT2

NEW DELHI: After holding steady on the road to recovery, TVS Motor Company sales plunged 26 per cent to 2,38,983 units in the month of April 2021. This is a significant downturn from the 3,22,683 units the company sold in March 2021.

The company's total two-wheelers sales in April stood at 2,26,193 units compared to 3,07,437 units in March. Domestic two-wheeler sales of TVS Motor stood at 1,31,386 units last month, as against 2,02,155 units in March this year.

Though the company has seen an overall drop of nearly 33 per cent compared to its performance in March, it is nevertheless a massive growth if one considers its performance during the same period last year, when sales crashed to zero in the domestic market due to the nationwide lockdown.

"Domestic sales in April 2021 are lower due to lockdowns in many states, but retails continue to be ahead of despatch. We have reduced dealer stocks to support the channel partners and will produce to maintain adequate inventories for customer demand when it reopens," TVS Motor noted.

The company's total exports registered sales of 1,07,185 units in April 2021 as against 9,640 units registered in the month of April 2020. Two-wheeler exports recorded sales of 94,807 units in April 2021 as against 8,134 units in April 2020.

Three-wheelers manufactured by TVS Motor recorded sales of 12,790 units in April 2021, compared to 1,506 units in the same period last year.

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