Despite Slowdown, TVS Motor Registers Sales Growth of 9% in September

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While the current slowdown in the automobile industry in India has raised a major concern among the automobile manufacturers of the country, TVS Motor Company has registered sales of 315,912 units in September 2019 as against sales of 423,939 units in the month of September 2018. Planned rationalisation of BS IV stocks is reflecting in the sales growth difference between September 2018 and September 2019.

Two-Wheeler

Total two-wheeler sector of the company registered sales of 300,909 units in September 2019 in comparison to the sales of 410,657 units in the month of September 2018. Domestic two-wheeler registered sales of 243,163 units in September 2019 as against sales of 361,097 units in the month of September 2018.

TVS Motorcycle registered sales of 123,921 units in September 2019 which was 166,489 units last year in September 2018. Scooter of the Company registered sales of 118,687 units in September 2019 as against 142,523 units in September 2018.

Exports

TVS Motor Company’s total exports went up by 17% increasing from 61,192 units in September 2018 to 71,569 units in September 2019. Two-wheeler exports grew by 17% increasing from 49,560 units in September 2018 to 57,746 units in September 2019.

Three-Wheeler

Three-wheeler sales of the Company grew by 13% increasing from 13,282 units in September 2018 to 15,003 units registered in September 2019.

Second Quarter Sales Performance

During the second quarter of the current financial year, two-wheeler sales of the company registered 8.42 lakh units while it was 10.49 lakh units in the second quarter of the previous year. Sales of three-wheeler of the Company shown a remarkable growth by 9% increasing from 0.40 lakh units in the second quarter of the previous year to 0.43 lakh units in the second quarter of the current year.

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