TVS Motor India 2-wheeler sales down, but exports grow

TVS Motor Company reported a sales growth of 3% for its two- and three-wheeler sales in October.

TWO WHEELERS

Scooter sales grew by 15.7% to 106,910 units in October 2017.

Motorcycles sales grew by 3.2% to 125,409 units in October 2017.

However, the growth came largely from exports.

Two-wheeler exports grew by 20.0% increasing from 31,656 units in October 2016 to 37,992 units in October 2017.

In the domestic market, two-wheeler sales fell to 270,372 from 272,229 last year.

As a result, total two-wheeler registered growth of 1.5% with sales increasing from 303,885 units in October 2016 to 308,364 units in October 2017.

The company has been one of the better performing two-wheeler companies in India so far this year.

THREE WHEELERS

Three-wheeler of the Company grew by 88.3% to 9,047 units.

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