Finance

TVS Motor Company Sales in March 2021 Grow by 123%


  • Two-wheeler exports clock 100,000 unit milestone 

  • Scooter gross sales develop by 206% and Bike gross sales develop by 136% 

 

TVS Motor Firm registered gross sales of 322,683 models in March 2021 as towards 144,739 models in March 2020.

 

Two-Wheeler

Complete two-wheelers grew by 130% registering gross sales of 307,437 models in March 2021 as towards 133,988 models in March 2020. Home two-wheelers recorded 115% progress with gross sales of 202,155 models in March 2021 as towards 94,103 models in March 2020.

 

Bike gross sales grew by 136% registering 157,294 models in March 2021 as towards 66,673 models in March 2020. Scooter gross sales of the Firm grew by 206% registering 104,513 models in March 2021 as towards 34,191 models in March 2020.

 

Exports

The Firm’s complete exports grew by 138% recording 119,422 models in March 2021 as towards 50,197 models registered within the month of March 2020. Two-wheeler exports grew by 164% recording 105,282 models in March 2021 as towards 39,885 models in March 2020. A rise in motorbike gross sales in key worldwide markets has considerably contributed to this achievement.

 

Commenting on the export milestone, Mr. Sudarshan Venu, Joint Managing Director, TVS Motor Firm, mentioned, “It is a momentous occasion for TVS Motor as our international two-wheeler business achieved a sales milestone of 100,000 units in March. We are extremely thankful to our esteemed customers, distributors, suppliers and our passionate team who have made this possible. Along with our industry peers, we look forward to continue playing a role in making Indian two and three-wheelers popular and aspirational in many global markets. Over the past months, we have witnessed growth across various geographies with a definite shift to premiumisation. We will strive to keep this momentum going forward as we seek to delight customers with our exciting range of products. Investments in technology and the future of mobility will be important for us in the next phase of our growth and transformation.”

 

Three-Wheeler

Three-wheeler of the Firm grew by 42% registering 15,246 models in March 2021 as towards 10,751 models in March 2020. 

 

Fourth Quarter Gross sales Efficiency FY 2020-21

Throughout the fourth quarter of the monetary yr 2020-21, two-wheeler gross sales grew by 50% growing from 5.90 Lakh models registered within the fourth quarter of monetary yr 2019-20 to eight.87 Lakh models within the fourth quarter of monetary yr 2020-21. Three-wheeler gross sales of the Firm registered gross sales of 0.43 Lakh models within the fourth quarter of monetary yr 2019-20 as towards 0.41 Lakh models within the fourth quarter of the monetary yr 2020-21. 

 

About TVS Motor Firm

We’re a reputed two and three-wheeler producer, and the flagship firm of the USD 8.5 billion TVS Group. We consider in Championing Progress by Mobility. Rooted in our 100-year legacy of Belief, Worth, Ardour for Clients and Exactness, we take delight in making internationally aspirational merchandise of the best high quality by revolutionary and sustainable processes. We endeavour to ship probably the most superior buyer expertise in any respect our contact factors throughout 60 nations. We’re the one two-wheeler firm to have obtained the distinguished Deming Prize. Our merchandise lead of their respective classes within the JD Energy IQS and APEAL surveys for the previous 5 years. Now we have been ranked No. 1 Firm within the JD Energy Buyer Service Satisfaction Survey for consecutive 4 years.

 

For extra data, please go to www.tvsmotor.com.




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