Two-Wheeler Sales August 2020: TVS Sales Stay Flat Compared To Last Year – carandbike

TVS Motor Company offered a complete of 287,398 models in August 2020 compared to 290,455 models offered in August 2019, which is a drop of 1.05 per cent. Considering the COVID-19 occasions, flat gross sales might most likely imply restoration.

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In a method, flat gross sales might imply that gross sales are on the street to restoration.

TVS Motor Company registered whole gross sales of 287,398 models in August 2020 compared to 290,455 models offered in August 2019, which is a drop of 1.05 per cent. The gross sales in August 2020 is a progress of 14 per cent in comparison with 252,744 models offered in July 2020. In truth, TVS registered vital progress in nearly all departments when August 2020 figures are in comparison with July 2020. The firm offered 277,226 two-wheeler models in August 2020 as in opposition to 275,851 models in August 2019, which is a small improve of 0.5 per cent. Domestic two-wheeler registered gross sales of 218,338 models in August 2020 as in opposition to 219,528 models in August 2019.

Also Read: TVS Registers 9.56 Per Cent Drop In July 2020

(TVS offered 20.34 per cent much less scooters in August 2020, in comparison with August 2019)

Breaking it down additional, bike gross sales included 119,878 models in August this yr in comparison with 109,393 models in August 2019, which is a rise of 9.58 per cent. Similarly, scooter gross sales consisted of 87,044 models in August 2020 as in opposition to 109,272 models final yr which is a drop of 20.34 per cent. The yr-on-yr drop in scooter gross sales was vital.

Also Read: TVS Sees 33 Per Cent Decline In Y-o-Y Sales In June 2020

But, the excellent news is that TVS’ bike gross sales in August 2020 was 9.58 per cent greater than bike gross sales in August 2019. This might point out that gross sales restoration is occurring slowly and steadily)

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In phrases of exports, the corporate exported a complete of 68,347 models in August this yr compared to 69,702 models in the identical month final yr, which is a drop of 1.94 per cent. Two-wheeler exports consisted of 58,888 models in August 2020 as in opposition to 56,323 models in August 2019, a rise of 4.55 per cent. TVS despatched a complete of 10,172 models of three-wheelers in August 2020 as in opposition to 14,604 models in July 2019, registering a drop of 30.35 per cent.

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