Chennai-based TVS Motor Co Monday reported 11% drop in total sales at 2,79,102 units in June. The company had sold 3,13,614 units in the same month last year.
Total two-wheeler sales during the month stood at 2,83,461 units as against 3,01,201 units in the same month last year, down 5.89% yoy.
Domestic two-wheeler sales stood at 2,26,279 units last month as compared to 2,46,176 units in June 2018, a decline of 8% yoy.
Motorcycle sales in June grew by 2% to 1,31,331 units as compared to 1,28,825 units in June 2018. Scooter sales, however, were down 3.65% to 99,007 units from 1,02,763 units yoy.
The three-wheeler sales grew 10% to 13,641 units in June as against 12,413 units in the year-ago month.
Total exports grew by 6% to 69,900 units last month as compared with 65,971 units in June 2018, with two-wheeler shipments increasing 4 per cent to 57,182 units as against 55,025 units in the year-ago month.
TVS Motor Company Ltd is currently trading at Rs425.35 down by Rs10.2 or 2.34% from its previous closing of Rs435.55 on the BSE.
The scrip opened at Rs433 and has touched a high and low of Rs433.75 and Rs424.40 respectively. So far 10,05,010 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs20,692.98cr.
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