TVS Motor October export rises 33%; domestic sales up by 19%

Motorcycle grew by 38% recording 173,263 units in October 2020 as against 125,660 units in October 2019.

Nov 02, 2020 02:11 IST India Infoline News Service

TVS Motor Company sales grew by 22% registering 394,724 units in October 2020 as against 323,368 units in October 2019.

Total two-wheelers sales grew by 24% recording 382,121 units in October 2020 as against 308,161 units in October 2019. Domestic two-wheeler sales posted a growth of 19% registering 301,380 units in October 2020 as against 252,684 units in October 2019.

Motorcycle grew by 38% recording 173,263 units in October 2020 as against 125,660 units in October 2019. Scooter sales of the Company grew by 5% registering 127,138 units in October 2020 as against 121,437 units in October 2019, the company said in the press note.

The stock is currently trading at Rs456.60 up by Rs1.35 or 0.3% from its previous closing of Rs455.25 on the BSE.

The Company's total exports grew by 33% registering 92,520 units in October 2020 as against 69,339 units in October 2019. Two-wheeler exports registered a growth of 46% with 80,741 units in October 2020 as against 55,477 units in October 2019.

Three-wheeler of the Company registered sales of 12,603 units in October 2020 as against 15,207 units in October 2019, the company added.

The scrip opened at Rs459.90 and has touched a high and low of Rs459.90 and Rs447.10 respectively.

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