TVS MOTOR sales decline, company shares disappointing figures
Meanwhile, a big news has come from the country's leading two-wheeler manufacturer TVS Motor. Sales of the company stood at 198,387 units in June 2020. The company achieved a decline of 33.22 per cent as against 297,102 units sold in June 2019. Even though the company has been down year-on-year sales, Dispatch has seen a three-fold increase in June, as May month this year. In the company, the company has rolled out only 59,000 units.
In its statement, TVS said that with the phase-out of the lockdown, the company has seen a boom in both domestic retail and exports. The company also said it faced bottlenecks in the supply chain in June, but The company has made several efforts to overcome these problems this month.
For your information, tell us that TVS has achieved a significant decline in the month of June. This decline of the company is more than 30 percent. Also, the company has dispatched 191,076 two-wheelers. While this figure stood at 283,461 units in June 2019, when talking about domestic two-wheeler sales, the company sold 144,817 units last month, down by 36 per cent, compared to 226,279 units in June 2019. Talking about the sale of motorcycles, the company has sold 84,401 units, while in June 2019, the figure was 131,331 units. Talking about the sales of scooters, the company has sold 65,666 units, while this figure last year. It was 99,007 units.