Coronavirus Outbreak: TVS Motor Company's vehicle sales drop by 55% in March to 1,44,739 units
TVS Motor Company on Thursday reported a 55.5 percent decline in total sales in March at 1,44,739 units
New Delhi: TVS Motor Company on Thursday reported a 55.5 percent decline in total sales in March at 1,44,739 units.
The company, which primarily makes two-wheelers and three-wheelers, had sold 3,25,323 units in March 2019, TVS Motor Company said in a statement.
March #AutoSales | @tvsmotorcompany reports sales for the month of March significantly lower than estimates. Total sales come in at 1.44 lakh units against Nomura's expectation of 1.77 lakh units pic.twitter.com/Is25mmvAYf
— CNBC-TV18 (@CNBCTV18Live) April 2, 2020
"There has been a huge impact on the company's production and sales this month because of COVID-19 lockdown across the country," it added.
Total two-wheeler sales during the month stood at 1,33,988 units as against 3,10,885 units in March 2019, down 56.9 percent.
Domestic two-wheeler sales stood at 94,103 units last month as compared to 2,47,694 units in March 2019, a decline of 62 percent, it added.
Total exports declined 34.3 percent to 50,197 units last month as compared with 76,405 units in March 2019.
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