TVS Motor Firm bought a complete of 287,398 items in August 2020 compared to 290,455 items bought in August 2019, which is a drop of 1.05 per cent. Contemplating the COVID-19 occasions, flat gross sales may in all probability imply restoration.
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In a means, flat gross sales may imply that gross sales are on the highway to restoration.
TVS Motor Company registered whole gross sales of 287,398 items in August 2020 compared to 290,455 items bought in August 2019, which is a drop of 1.05 per cent. The gross sales in August 2020 is a progress of 14 per cent in comparison with 252,744 items bought in July 2020. In actual fact, TVS registered vital progress in virtually all departments when August 2020 figures are in comparison with July 2020. The corporate bought 277,226 two-wheeler items in August 2020 as in opposition to 275,851 items in August 2019, which is a small enhance of zero.5 per cent. Home two-wheeler registered gross sales of 218,338 items in August 2020 as in opposition to 219,528 items in August 2019.
Additionally Learn: TVS Registers 9.56 Per Cent Drop In July 2020
(TVS bought 20.34 per cent much less scooters in August 2020, in comparison with August 2019)
Breaking it down additional, bike gross sales included 119,878 items in August this 12 months in comparison with 109,393 items in August 2019, which is a rise of 9.58 per cent. Equally, scooter gross sales consisted of 87,044 items in August 2020 as in opposition to 109,272 items final 12 months which is a drop of 20.34 per cent. The year-on-year drop in scooter gross sales was vital.
Additionally Learn: TVS Sees 33 Per Cent Decline In Y-o-Y Sales In June 2020
However, the excellent news is that TVS’ bike gross sales in August 2020 was 9.58 per cent greater than bike gross sales in August 2019. This might point out that gross sales restoration is going on slowly and steadily)
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When it comes to exports, the corporate exported a complete of 68,347 items in August this 12 months compared to 69,702 items in the identical month final 12 months, which is a drop of 1.94 per cent. Two-wheeler exports consisted of 58,888 items in August 2020 as in opposition to 56,323 items in August 2019, a rise of four.55 per cent. TVS despatched a complete of 10,172 items of three-wheelers in August 2020 as in opposition to 14,604 items in July 2019, registering a drop of 30.35 per cent.
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