TVS Motor Company reports sales of 322,683 units in March 2021

TVS Motor Company registered sales of 322,683 units in March 2021 as against 144,739 units in March 2020.

Total two-wheelers grew by 130% registering sales of 307,437 units in March 2021 as against 133,988 units in March 2020. Domestic two-wheelers recorded 115% growth with sales of 202,155 units in March 2021 as against 94,103 units in March 2020.

Motorcycle sales grew by 136% registering 157,294 units in March 2021 as against 66,673 units in March 2020. Scooter sales of the Company grew by 206% registering 104,513 units in March 2021 as against 34,191 units in March 2020.

The Company's total exports grew by 138% recording 119,422 units in March 2021 as against 50,197 units registered in the month of March 2020. Two-wheeler exports grew by 164% recording 105,282 units in March 2021 as against 39,885 units in March 2020. An increase in motorcycle sales in key international markets has significantly contributed to this achievement.

Three-wheeler sales of the Company grew by 42% registering 15,246 units in March 2021 as against 10,751 units in March 2020.

During the fourth quarter of the financial year 2020-21, two-wheeler sales grew by 50% increasing from 5.90 Lakh units registered in the fourth quarter of financial year 2019-20 to 8.87 Lakh units in the fourth quarter of financial year 2020-21. Three-wheeler sales of the Company registered sales of 0.43 Lakh units in the fourth quarter of financial year 2019-20 as against 0.41 Lakh units in the fourth quarter of the financial year 2020-21.

Shares of TVS MOTOR COMPANY LTD. was last trading in BSE at Rs.586 as compared to the previous close of Rs. 585.1. The total number of shares traded during the day was 55858 in over 1338 trades.

The stock hit an intraday high of Rs. 592.45 and intraday low of 582.75. The net turnover during the day was Rs. 32892288.

Source : Equity Bulls

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