Two-Wheeler Sales November 2021: TVS Sales Decline 15 Per Cent
Highlights
- TVS motorcycle sales grow 5 per cent in November 2021
- Overall TVS two-wheeler sales declined by 17 per cent
- Exports grew by 30 per cent in November 2021
TVS Motor Company has reported overall sales of 2,72,693 units in November 2021, a decline of 15 per cent from 3,22,709 units in the month of November 2020. The company reported total two-wheeler sales of 2,57,863 units in November 2021, a 17 per cent decline over sales of 3,11,519 units in November 2020. Domestic market sales were also hit, with TVS recording two-wheeler sales of 1,75,940 units in November 2021, compared to sales of 2,47,789 units in November 2020. While overall two-wheeler sales declined by 15.5 per cent, domestic two-wheeler sales skidded by 29 per cent.
Also Read: TVS To Invest Rs. 1,200 Crore In Future Technogies & EVs
Motorcycle sales at TVS Motor Company stood at 1,40,097 units in November 2021, as against sales of 1,33,531 units in November 2020, recording nearly 5 per cent growth year-on-year. Scooter sales of TVS however seem to be under pressure, with the company recording sales of just 75,022 scooter units in November 2021, a decline of over 29 per cent from 1,06,196 units in the same month a year ago.
Also Read: TVS-Owned Norton Motorcycles Inaugurates New Global Headquarters
In the international markets, TVS registered a growth of 30 per cent with overall sales of 96,000 units in the month of November 2021, as against 74,074 units in November 2020. Two-wheeler exports alone registered a growth of 29 per cent with sales of 81,923 units in November 2021, as compared to sales of 63,730 units in the same month a year ago. The company's three-wheeler sales grew by 33 per cent, with 14,830 units in November 2021, as against sales of 11,190 units in November 2020.
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- Two-Wheeler Sales November 2021: TVS Sales Decline 15 Per Cent