TVS Motor sales drop 13% YoY in January

1 Feb 2022 , 01:45 PM

Sequentially, the companys sales rose 6.32% last month from 250,933 units sold in December 2021.

Total two-wheelers registered sales of 254,139 units in January 2022, down 13.73% as against sales of 294,596 units in January 2021.

The production and sales of premium two-wheelers were severely affected due to the shortage of semiconductors. The company said it is cautiously optimistic that this will improve in the coming months.

The companys total exports registered sales of 97,858 units in January 2022, down 3.04% as against sales of 100,926 units in the month of January 2021.

Three-wheeler of the company registered sales of 12,649 units in January 2022, almost flat as against 12,553 units in January 2021.

TVS Motors consolidated net profit jumped 29.2% to Rs 234.37 crore on 23.4% surge in net sales to Rs 6,483.42 crore in Q2 FY22 over Q2 FY21.

TVS Motor Company is a reputed two and three-wheeler manufacturer.

Shares of TVS Motor were up 1.67% at Rs 615.70 on the BSE.

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