Indian multinational motorcycle conglomerate TVS Motor Company on Tuesday reported a 21 percent rise in total sales to 3,22,709 units in November. The company had sold a total of 2,66,582 units in November last year, TVS Motor Co said in a statement.
Last month, the total two-wheeler sales scaled up 25 percent to 3,11,519 units as against 2,49,350 in the corresponding period year-ago. The two-wheeler sales in India increased 30 percent to 2,47,789 units, compared to 1,91,222 in November 2019, TVS Motor said.
Motorcycle sales stood at 1,33,531 units in November against 1,05,963 units in the same month last year, a growth of 26 percent. Scooter sales grew 26 percent to 1,06,196 units last month from 84,169 in November 2019, the company said.
It went on to say, 3-wheeler sales, declined to 11,190 units last month as compared to 17,232 in November last year. The company's total exports stood at 74,074 units last month. It was 74,060 units in November 2019.
On Tuesday, shares of TVS Motors closed at Rs.499.50 per share, little changed from the previous closing price on the NSE.
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