TVS Motor Company announced its sales update for the month of January 2020 during market hours Monday (3 February).
TVS Motor Company posted sales of 2,34,920 units in January 2020 as against sales of 2,82,630 units in the month of January 2019, registering a drop of 17% year-on-year (YoY). Sequentially, total sales rose 1.45% in January 2020 as against 2,31,571 units reported in December 2019.Total two-wheelers registered sales fell 18.14% to 2,20,439 units in January 2020 as against 2,69,277 units reported in January 2019. Domestic two-wheeler declined dropped 29% to 1,63,007 units in January 2020 as against January 2019.
The company's total exports grew by 34% from 52,650 units registered in the month of January 2019 to 70,784 units in January 2020.
Three-wheeler sales grew by 8% increasing from 13,353 units in January 2019 to 14,481 units registered in January 2020.
The company in filing also said that it has completely transitioned production to BS-VI vehicles for domestic market.
Shares of TVS Motor Company were trading 1.53% higher at Rs 470.
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