TVS Motor sales down 18% to 272,693 units in November, Auto News, ET Auto

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Total two-wheeler sales during the month stood at 257,863 units as against 311,519 units in November 2020, down 21%.
Total two-wheeler sales during the month stood at 257,863 units as against 311,519 units in November 2020, down 21%.

New Delhi: TVS Motor Company on Wednesday reported 18.43% decline in total sales in November to 272,693 units.

The company, which primarily makes two-wheelers and three-wheelers, had sold 322,709 units in November 2020, TVS Motor Company said in a statement.

Total two-wheeler sales during the month stood at 257,863 units as against 311,519 units in November 2020, down 21%.

Domestic two-wheeler sales registered a decline of 29% at 175,940 units during last month as against sales of 247,789 units in November 2020.

Motorcycle registered sales of 140,097 units in November 2021 as against sales of 133,531 units in November 2020. Scooter sales of the company registered 75,022 units in November as against sales of 106,196 units in November 2020.

The company’s total exports registered a growth of 30% with sales of 96,000 units during the month under review as against 74,074 units in November 2020. Two-wheeler exports registered a growth of 29% with sales of 81,923 units in November 2021 as against sales of 63,730 units in November 2020.

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The recent amendment in FAME II policy (Faster Adoption and manufacturing of electric vehicles in India), which offers increased upfront incentives for electric two-wheelers and rising fuel prices has propelled the demand for electric vehicles resulting in heightened demand, the company said in a statement.

Two-wheeler domestic sales in November stood at 1,44,953 units compared to 1,88,196 units in the same month of 2020, declining by 23%, Bajaj Auto said.