TVS scooter sales alone increased 206 percent, while motorcycle sales increased 136 percent! Exports of two-wheelers hit the 1,000,000 mark in March.
TVS Motor Company Reports Strong Sales Figures in Domestic and Export Markets
TVS Motor Company recorded sales of 3,222,683 units in March 2021, registering a whopping 123% growth compared to 1,44,739 units in March 2020. Total sales of two-wheelers increased by an impressive 130% growth in March 2021, with sales of 3,07,437 units, compared to 1,33,988 units in March 2020. National sales of two-wheelers represented 2,02,155 units, an increase of 115% compared to 94,103 units in March 2020. Motorcycle sales increased 136% to 157,294 units units in March 2021 versus 66,673 units in March 2020. Company scooter sales increased 206% to 104,513 units in March 2021 versus 34,191 units in March 2020.
Read also: TVS Announces Best Monthly Two-Wheeler Exports Over 1.00,000 Units
TVS also reported the best exports ever in a single month in March 2021. Total exports increased 138%, registering 119,422 units in March 2021, compared to 50,197 units recorded in March 2020. Exports of two- wheels increased 164%. cent registering 105,282 units in March 2021 compared to 39,885 units in March 2020. An increase in sales of motorcycles in major international markets largely contributed to this achievement, the company said in a statement. TVS is India’s second-largest exporter of two-wheelers.
Read also: Former JLR CEO Ralf Speth to be TVS Chairman by 2023
Commenting on the export milestone, Sudarshan Venu, Deputy General Manager of TVS Motor Company, said: “This is a momentous opportunity for TVS Motor as our international two-wheeler business reached the sales milestone of 100,000 units in March. We are extremely grateful to our esteemed customers, distributors, suppliers and our passionate team who made this possible. Together with our industry peers, we look forward to continuing to play a role in making Indian two and three wheelers popular and ambitious in many global markets. Over the past month we have witnessed growth in various geographies with a definite shift towards premiumisation. We will strive to maintain this momentum by seeking to delight our customers with our range of exciting products. Investments in technology and the future of mobility will be important to us in the next phase of our cr power and our transformation. “
Read also: TVS announces highest revenue ever for a single quarter
TVS Motor Company’s three-wheeler sales increased 42% in March 2021, recording sales of 15,246 units, compared to 10,751 units in March 2020. In the fourth quarter of fiscal year 2020-2021, sales of two wheels increased by 50%. from 5.90 Lakh units recorded in the fourth quarter of fiscal year 2019-20 to 8.87 Lakh units in the fourth quarter of fiscal year 2020-21.
For the latest automotive news and reviews, follow UKTN.com on Twitter, Facebook and subscribe to our YouTube channel.