TVS Motor Company witnesses 22 percent growth in October 2020 sales
Indian two-wheeler manufacturer TVS Motor Company has witnessed a 22 per cent growth in October 2020 sales with 3.94 lakh units as compared to 3.23 lakh units sold in the month of October 2019. The company mentions that the total two-wheelers sales grew by 24 per cent recording a sale of 3.8 lakh units in October 2020 as against 3.08 lakh units in October 2019. Domestic two-wheeler sales posted a growth of 19 per cent registering 3.01 lakh units in October 2020 as against 2.52 lakh units in October 2019.
Motorcycle sales grew by 38 per cent recording 1.73 lakh units in October 2020 as against 1.25 lakh units in October 2019. On the other hand, the scooter sales of the company grew by 5percent registering 1.27 lakh units in October 2020 as against 121,437 units in October 2019. The Company's total exports grew by 33 per cent registering 92,520 units in the month of October 2020 as against 69,339 units in October 2019. Two-wheeler exports registered a growth of 46 percent with 80,741 units in October 2020 as against 55,477 units in October 2019. Three-wheeler sales were 12,603 units in October 2020 as against 15,207 units in October 2019.
Also, last month, TVS recorded a milestone performance with its popular Apache model range. The company has sold more than 4 million units around the world, since its launch that took place in 2005. To commemorate this feat, the company had created the longest chequered flag spanning a length of 957 feet. This flag consists of over 2,000 images of Apache customers, which has helped the company set the record in the Asia Book of Records and India Book of Records for creating the longest chequered flag at its TVS Mysore Factory.