TVS domestic two-wheeler sales stood at 2,41,762 units in September 2020 while the company exported 70,684 units in the same month
The Chennai based, two wheeler maker TVS Motor Company, has released their sales results for September 2020. It may be seen from the attached table that while domestic sales dipped marginally, exports surged by as much as 25.93 percent.
TVS XL, Jupiter and Apache command charts
TVS Motor saw the XL moped in top form in September 2020 sales in domestic markets with market share of 28.51 percent and 68,929 units sold, up 20.33 percent as against 57,283 units sold in Sept 19.
The Jupiter scooter was in a second position with a de-growth of 18.68 percent to 56,085 units sold in the past month, as compared to 68,971 units sold in the same month of the previous year. TVS dispatched a total of 37,788 units of the Apache RR and RTR series in the past month, up 26.41 percent as against 29,894 units sold in Sept 19
The TVS Ntorq and Sport were the brand’s third and fourth highest-selling nameplate last month with sales of 26,150 units and 14,142 units respectively. While Ntorq sales suffered a de-growth, Sport sales increased 14.42 percent.
Radeon was at No. 6 on the sales charts, dipped 30 percent to 12,859 units, down from 18,371 units sold in Sept 19. However, with the festive benefits being offered on the Radeon, Sport and Star City Plus, sales should escalate in the month of October. TVS also noted de-growth in Zest 110 sales which dipped 11.08 percent to 4,536 units last month.
Exports surge 25.93 percent
TVS Motor has noted a marked increase in exports in September 2020. Total two wheeler exports stood at 70,684 units, up 25.93 percent as against 56,130 units exported in the same month of the previous year.
TVS is India’s second largest two wheeler exporter with products making their way to over 60 countries across Africa, Asia Pacific, and Latin America. The Star City was a hot favourite in export markets with exports of 49,980 units, up 54.85 percent as against 32,277 units exported in the same month of the previous year.
Apache and Ntorq also saw good exports at 9,913 units and 4,051 units respectively while TVS Sport, at No. 4 noted de-growth by 40.22 percent to 3,228 units down from 5,400 units exported in Sept 19. Demand for the Jive surged significantly to 1,162 units, up from just 10 units exported in Sept 19 while export numbers of the Victor and XL suffered de-growth as did the Wego, and Radeon.
When taking overall sales into account, sales increased 3.77 percent to 3,27,692 units in September 2020 as against sales of 3,15,796 units in September 2019. Overall exports increased 18.99 per cent to 85,163 units in September 2020 from 71,569 units in September 2019.