TVS December 2021 sales show the same generic segment pattern of fall in overall numbers as the Indian market fails to lift up…
TVS Motor Company has seen a drop in its sales figures in December 2021 in comparison to December 2020. TVS sold 2,50,933 units in December 2021 against 2,72,084 units in December 2020 – a drop of 7.7% YOY.
Contraction is observed in the sales of Scooter and Motorcycles while an increase is observed in sales of Mopeds. Motorcycles registered sales of 1,19,051 units in December 2021 – 10.96% down from 1,33,700 units of December 2020.
Scooter sales dipped to 67,553 units in December 2021 which is a drop of 13.06% as compared to 77,705 units of December 2020. Mopeds saw a growth in the month of December 2021 – they were up by 4.17% from 46,834 units in December 2020 to 48,788 units.
Summing all of this up – total domestic sales of two-wheelers were down 17.04%, dropping from 1,76,912 units in December 2020 to 1,46,763 units registered in December 2021.
However, exports of two-wheelers fared well in December 2021. They increased from 81,327 units in December 2020 to 88,629 units in December 2021, an increase of 8.98%.
Total three-wheeler sales stood at 15,541 units in December 2021, 12.25% over 13,845 units sold in December 2020. The domestic sales of three-wheelers saw a drop of 16.94%, from 903 units in December 2020 to 750 units sold last month. Three wheeler exports showed an increase of 14.29%, registering sales of 14,791 units in December 2021 when compared to 12,942 units in December 2020.
The total two and three wheeler sales suffered a contraction of 7.77% YOY from 2,72,084 units to 2,50,933 units.