TVS Motor sales decline to 250,933 units in December 2021 as domestic lower 2-wheeler sales weigh

3 Jan 2022 , 11:58 AM

TVS Motor Company witnessed a sales of 250,933 units in December 2021 as against sales of 272,084 units in December 2020.

In the two-wheelers segment, during December 2021, TVS Motor posted sales of 235,392 units against sales of 258,239 units in December 2020. Domestic two-wheeler registered sales of 146,763 units in December 2021 as against sales of 176,912 units in December 2020.

Further, motorcycle sales grew by 12% increasing from 119,051 units in December 2020 to 133,700 units in December 2021. Scooter sales of the Company registered 67,553 units in December 2021 as against sales of 77,705 units in December 2020.

In the three-wheeler segment, the company’s sales grew by 12% increasing from 13,845 units in December 2020 to 15,541 units in December 2021.

The company’s international business was also healthy with exports growing 10% from 94,269 units in December 2020 to 103,420 units in December 2021. Two-wheeler exports grew by 9% increasing from 81,327 units in December 2020 to 88,629 units in December 2021.

From October – December 2021 (Q3FY22), TVS Motor’s two-wheeler segment posted sales of 8.3 lakh units as against sales of 9.5 lakh units in the third quarter of the previous year. Sales of the three-wheeler of the Company grew by 17% from 0.38 lakh units in the third quarter of the previous year to 0.44 lakh units in the third quarter of the current year. Total exports of the Company grew by 13% from 2.6 lakh units in the third quarter of the previous year to 2.9 lakh units in the third quarter of the current financial year.

At around 11.56 am, TVS Motor was trading at Rs625.90 per piece broadly flat compared to the previous closing on Sensex.