TVS Motors bags 1 million Two-Wheeler Export Milestone in FY21-22; stock skids ~1.5%

23 Feb 2022 , 12:56 PM

In its press release on Wednesday, TVS Motor Company Ltd. announced that the company’s two-wheeler exports clocked 1 million units (including sales from TVS Motor Company and PT TVS, Indonesia) in the fiscal year 2021-22. This is the first time in a financial year that company has achieved this milestone.

The company’s key exports include the TVS Apache series, TVS HLX Series, and TVS Neo Series. Significant improvement in motorcycles sales also lays a strong foundation for this achievement.

“The one million export mark is a significant milestone for TVS Motor Company. This further underscores our path towards being a global player in personal mobility solutions.TVS Motor has always been committed to quality, technology, and customer delight and this must be further enhanced in the future. We are excited to continue building on this positive momentum as we expand into newer geographies with attractive products and new first in segment, technology offerings,” commented Mr. Sudarshan Venu, Joint Managing Director, TVS Motor Company.

TVS Motor Company has a presence across 80 countries in Africa, Southeast Asia, Indian SubContinent, Central & Latin America and is seeking to enter more markets in Europe and North America.

TVS Motor company was trading in lower circuit today at Rs653.90 against its previous closing price of Rs663.50 on NSE, down by Rs9.60 or 1.45%. It touched day’s high and low of Rs671.55 and Rs648.85 respectively.