Two-Wheeler Sales June 2020: TVS Motor Posts 33 Per Cent Decline; Volumes Grow Three-Fold Compared To May

TVS reported a decline of 33.22 per cent year-on-year with 198,387 units sold. However, sales have increased by three-fold when compared to the 59,000 units that were despatched in May this year.

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TVS despatched 191,076 two-wheelers in June, witnessing a drop of 32.59 per cent in year-on-year sales

Highlights

  • Motorcycles contributed 84,401 units to TVS' two-wheeler sales in June
  • Scooter sales stood at 65,666 units in June as sales recover
  • TVS exported 53,123 vehicles in June as supply chain restrictions eased

TVS Motor Company's total sales (domestic+exports) stood at 198,387 units for June 2020. The manufacturer reported a decline of 33.22 per cent last month, as compared to 297,102 units that were sold during the same period in 2019. While year-on-year sales have been low, the company did witness a three-fold increase in despatches in June, as compared to nearly 59,000 units that were rolled out of its facilities in May this year. With the lockdown being relaxed in a phased manner, the manufacturer has seen an uptick in both domestic retail as well as exports, TVS said in a statement. The Apache maker also said that it faced supply chain constraints in June, but the company undertook several countermeasures and expects to overcome these problems this month.

Also Read: Hero Sees 26.86 Per Cent YoY Decline In June, Despatches Quadrupled From May 2020

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TVS despatched 191,076 two-wheelers in June, witnessing a drop of 32.59 per cent over 283,461 units sold in June 2019. Domestic two-wheeler sales stood at 144,817 units last month, as opposed to 226,279 units during the same period last year, a decline of 36 per cent year-on-year. Motorcycles contributed 84,401 units to the company's two-wheeler volumes during the previous month, as against 131,331 units in June 2019. Scooters, on the other hand, contributed 65,666 units as opposed to 99,007 units in the year before.

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Scooters contributed to over 35 per cent to TVS' overall two-wheeler sales in June this year

TVS Motor Company's exports stood at 53,123 units, a decline of 24 per cent year-on-year as compared to 69,900 units in June 2019. The overall export figure though has seen a massive increase when compared to May 2020, which saw the manufacturer ship about 10,000 units overseas. Two-wheeler exports stood at 46,259 units as against 57,182 units in June last year.

As expected, sales for the first quarter of the 2020-21 financial year remain disappointing. The company despatched 2.55 lakh two-wheelers between April and June 2020, as against 8.84 lakh units during Q1 FY2019-20. Three-wheeler sales during the same period stood at 11,000 units during the current year, as opposed to 39,000 units during the same period last fiscal.

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