TVS Motor domestic sales down by 25% YoY in October, exports rise 20%

2% rise in month-on-month sales reduces stock-in-trade for transition to BS VI

TVS Motor has reported a 25 per cent drop in domestic two-wheeler sales during the month of October 2019, at 252,684 units as compared to 338,988 units a year ago. However, the company said October sales were two per cent higher than in September, which effectively reduces stock-in-trade for BS VI transition.

Total two-wheeler sales, including exports, were down by 20 per cent to 308,161 units in October 2019 from 384,307 units a year ago.

While motorcycle sales were down by 16 per cent to 125,660 units this October from 150,429 units last year, scooter sales were lower by 20 per cent