 "Moped sales are back in green in the month of July with 14% growth")
Moped sales are back in green in the month of July. TVS Motor, the sole manufacturer of moped, sold 58,403 units in July 2020 as against 51,192 units, a year ago, an increase of 14 per cent.
In June 2020, moped sales dropped by 22 per cent to 40,620 units from 52,253 in June 2019. In 2019-20, total moped sales was 651,000 units as against 897,000 units, a drop of 27 per cent.
Moped sales have been under pressure during this period due to weak sentiment in the rural market since there was always a worry about delayed monsoon. Besides, the cost
