BSIV stock reduction on track, exports grow 25 per cent
TVS Motor Company registered sales of 253,261 units in February 2020 as against sales of 299,353 units in the month of February 2019 with exports increasing to 82,877 units. As planned, the company is on track to reducing dealer level BSIV stock in the domestic market and is confident of retailing it this month. In addition, the outbreak of pandemic Coronavirus (COVID-19) has led to impact on supply of certain components for production of BS-VI vehicles. All efforts are on to normalise this at the earliest.
Total two-wheelers registered sales of 235,891 units in February 2020 as against sales of 285,611 units in February 2019. Domestic two-wheeler registered sales of 169,684 units in February 2020 as against sales of 231,582 units in February 2019.
Motorcycle registered sales of 118,514 units in February 2020 as against sales of 122,551 units in February 2019. Scooter registered sale of 60,633 units in February 2020 as against sales of 86,935 units in February 2019.
The company’s total exports grew by 25% from 66,570 units registered in the month of February 2019 to 82,877 units in February 2020. Two-wheeler exports grew by 23% increasing from 54,029 units in February 2019 to 66,207 units in February 2020.
Three-wheeler of the company grew by 26% increasing from 13,742 units in February 2019 to 17,370 units registered in February 2020.