TVS Sales Decline 15 Per Cent


TVS Motor Company’s domestic market sales were hit hard, declining nearly 29 per cent in November 2021.


TVS two-wheeler sales under pressure in November 2021
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TVS two-wheeler sales under pressure in November 2021

TVS Motor Company has reported overall sales of 2,72,693 units in November 2021, a decline of 15 per cent from 3,22,709 units in the month of November 2020. The company reported total two-wheeler sales of 2,57,863 units in November 2021, a 17 per cent decline over sales of 3,11,519 units in November 2020. Domestic market sales were also hit, with TVS recording two-wheeler sales of 1,75,940 units in November 2021, compared to sales of 2,47,789 units in November 2020. While overall two-wheeler sales declined by 15.5 per cent, domestic two-wheeler sales skidded by 29 per cent.

Also Read: TVS To Invest ₹ 1,200 Crore In Future Technogies & EVs

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Motorcycle sales in November 2021 accounted for 1,40,097 units, recording a nearly 5 per cent growth over 1,33,531 units in November 2020.

Motorcycle sales at TVS Motor Company stood at 1,40,097 units in November 2021, as against sales of 1,33,531 units in November 2020, recording nearly 5 per cent growth year-on-year. Scooter sales of TVS however seem to be under pressure, with the company recording sales of just 75,022 scooter units in November 2021, a decline of over 29 per cent from 1,06,196 units in the same month a year ago.

Also Read: TVS-Owned Norton Motorcycles Inaugurates New Global Headquarters

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In the international markets, TVS registered a growth of 30 per cent with overall sales of 96,000 units in the month of November 2021, as against 74,074 units in November 2020. Two-wheeler exports alone registered a growth of 29 per cent with sales of 81,923 units in November 2021, as compared to sales of 63,730 units in the same month a year ago. The company’s three-wheeler sales grew by 33 per cent, with 14,830 units in November 2021, as against sales of 11,190 units in November 2020.

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