TVS Motor Company registered sales of 238,983 units in April 2021 as against 9,640 units in April 2020. Domestic sales in April 2021 is lower due to lockdowns in many states, but retails continue to be ahead of despatch, the company said in a statement.
“We have reduced dealer stocks to support the channel partners and will produce to maintain adequate inventories for customer demand when it reopens. The year-on-year growth is not comparable due to the low base of sales in April 2020 because of the lockdown imposed by the Government of India during that period,” the statement said.
Total two-wheelers registered sales of 226,193 in April 2021 as against 8,134 units in April 2020. Domestic two-wheeler sales registered 131,386 units, scooter sales 65,213 units and motorcycle registered 133,227 units in April 2021.
Total exports registered sales of 107,185 units in April 2021 as against 9,640 units registered in the month of April 2020. Two-wheeler exports recorded sales of 94,807 units in April 2021 as against 8,134 units in April 2020. Three-wheelers recorded sales of 12,790 units in April 2021 as against 1,506 units in April 2020.
At 1.16, TVS shares were down Rs 11.95 apiece at Rs 618.95.