TVS Motor Company Clocks 1 Million Two-Wheeler Export Milestone in FY 21-22

TVS Motor Company, a reputed two-wheeler and three-wheeler manufacturer globally, announced that its two-wheeler exports clocked 1 million units (including sales from TVS Motor Company and PT TVS, Indonesia) in FY21-22. The company has achieved this significant export milestone in a financial year for the first time. The key exports include the TVS Apache series, TVS HLX series, TVS Raider, and TVS Neo series. An increase in global motorcycle sales has significantly contributed to this achievement.

Commenting on the milestone, Mr. Sudarshan Venu, Joint Managing Director, TVS Motor Company, said, "The one million export mark is a significant milestone for TVS Motor Company. This further underscores our path towards being a global player in personal mobility solutions. TVS Motor has always been committed to quality, technology, and customer delight and this must be further enhanced in the future. We are excited to continue building on this positive momentum as we expand into newer geographies with attractive products and new first in segment, technology offerings."

Mr. KN. Radhakrishnan, Director and CEO, TVS Motor Company, added, "We are delighted that TVS Motor's international two-wheeler business has achieved a sales milestone of 1 million units in this financial year. The consistent strong export performance is a testimony to our customer experience and best-in-class quality. We are extremely thankful to our esteemed customers, distributors, suppliers, and a passionate team who have made this possible. We have a strong focus on expanding and bolstering our market presence across global markets with an exciting range of products that cater to the fast-evolving mobility needs of every customer segment. With the support of our distribution network, we look forward to continuing playing a role in making Indian two and three-wheelers popular and aspirational globally."

TVS Motor Company has a presence across 80 countries in Africa, Southeast Asia, Indian SubContinent, Central & Latin America and is seeking to enter more markets in Europe and North America.

Shares of TVS Motor Company Limited was last trading in BSE at Rs. 662.25 as compared to the previous close of Rs. 658.10. The total number of shares traded during the day was 62161 in over 2365 trades.

The stock hit an intraday high of Rs. 665.90 and intraday low of 633.25. The net turnover during the day was Rs. 40773455.00.

Source : Equity Bulls

Keywords

TVSMotorCompany INE494B01023 2Wheelers 3Wheelers ExportsMilestone