Sales of TVS Motor fall 18.8 percent in October
CHENNAI: manufacturer of two and three wheels TVS Motor Company posted an 18.8 percent decrease in total sales in October.
The company has sold 3.23,368 units in October 2019 compared to 3.98,427 units in the same month last year.
The company said it was witnessing an upward trend in October and was significantly prepared for the transition to standards that comply with BS-VI.
Total sales of two-wheelers fell 19.8 percent to 3.08,161 units in October 2019 compared to 3.84,307 units in the same month last year.
The company's two-wheeled domestic sales also decreased to 2.52,684 units in October compared to 3.38,988 units in October 2018.
The total Motorcycle sales In October 2019, it plummeted to 1.25,660 units compared to 1.50,429 units the same month last year.
Scooter sales in October 2019 were 1.21,437 units compared to 1.51,040 units in October 2018.
On the export front, the company witnessed a 20 percent increase to 69,339 units in October 2018 of 57,926 units in October 2018.
Exports of two-wheeled vehicles grew 22 percent to 55,477 units in October 2019 from 45,319 units in the same month last year.
Sales of three-wheeled vehicles grew eight percent to 15,207 units in October 2019 from 14,120 units in October 2018, he said.