TVS reported a decline of 33.22 per cent year-on-year with 198,387 models bought. Nonetheless, gross sales have elevated by three-fold when in comparison with the 59,000 models that have been despatched in Might this yr.
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TVS despatched 191,076 two-wheelers in June, witnessing a drop of 32.59 per cent in year-on-year gross sales
TVS Motor Firm’s complete gross sales (home+exports) stood at 198,387 models for June 2020. The producer reported a decline of 33.22 per cent final month, as in comparison with 297,102 models that have been bought throughout the identical interval in 2019. Whereas year-on-year gross sales have been low, the corporate did witness a three-fold improve in despatches in June, as in comparison with almost 59,000 models that have been rolled out of its services in Might this yr. With the lockdown being relaxed in a phased method, the producer has seen an uptick in each home retail in addition to exports, TVS stated in a press release. The Apache maker additionally stated that it confronted provide chain constraints in June, however the firm undertook a number of countermeasures and expects to beat these issues this month.
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TVS despatched 191,076 two-wheelers in June, witnessing a drop of 32.59 per cent over 283,461 models bought in June 2019. Home two-wheeler gross sales stood at 144,817 models final month, versus 226,279 models throughout the identical interval final yr, a decline of 36 per cent year-on-year. Bikes contributed 84,401 models to the corporate’s two-wheeler volumes in the course of the earlier month, as towards 131,331 models in June 2019. Scooters, however, contributed 65,666 models versus 99,007 models within the yr earlier than.
Scooters contributed to over 35 per cent to TVS’ total two-wheeler gross sales in June this yr
TVS Motor Firm’s exports stood at 53,123 models, a decline of 24 per cent year-on-year as in comparison with 69,900 models in June 2019. The general export determine although has seen a large improve when in comparison with Might 2020, which noticed the producer ship about 10,000 models abroad. Two-wheeler exports stood at 46,259 models as towards 57,182 models in June final yr.
As anticipated, gross sales for the primary quarter of the 2020-21 monetary yr stay disappointing. The corporate despatched 2.55 lakh two-wheelers between April and June 2020, as towards eight.84 lakh models throughout Q1 FY2019-20. Three-wheeler gross sales throughout the identical interval stood at 11,000 models in the course of the present yr, versus 39,000 models throughout the identical interval final fiscal.
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