TVS Motor registers 22% growth in sales in October 2020

TVS Motor registers 22% growth in sales in October 2020

Total sales of two-wheeler increased by 24 per cent; Exports up by 33 per cent

TVS Motor

MUMBAI: TVS Motor Co sales grew by 22 per cent registering 394,724 units in October 2020 as against 323,368 units in the month of October 2019.

Total sales of two-wheeler increased by 24 per cent recording 382,121 units in October 2020 as compared to 308,161 units in October 2019. Domestic two-wheeler sales posted a growth of 19 percent registering 301,380 units in October 2020 as against 252,684 units in October 2019. Motorcycle sales rose by 38 percent recording 173,263 units in October 2020 as against 125,660 units in the same period last year.  Scooter sales of the Company up by 5 percent registering 127,138 units in October 2020 as against 121,437 units in the previous year.

The company's total exports rose by 33 per cent registering 92,520 units in the month of October 2020 as against 69,339 units in October 2019.  Two-wheeler exports registered a growth of 46 per cent with 80,741 units in October 2020 as against 55,477 units last year.

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Three-wheeler of the company registered sales of 12,603 units in October 2020 as compared to 15,207 units in the same period last year.

TVS Motor Co is a two and three-wheeler manufacturer, and the flagship company of the USD 8.5 billion TVS Group.