TVS Motor Company on Tuesday reported a 13.14 per cent decline in total sales to 2,66,788 units in January. The Chennai-based company had sold 3,07,149 units in the same month last year. Total two-wheeler sales for January 2022 declined 13.73 per cent to 2,54,139 units as against 2,94,596 units in January 2021, TVS Motor Company said in a statement.
However, motorcycle sales increased marginally to 1,37,360 units last month compared with 1,36,790 units in the corresponding month a year ago. Scooter sales declined 18.04 per cent to 80,580 units last month as against 98,319 units in the corresponding month last year. "The production and sales of premium two-wheelers were severely affected due to the shortage of semiconductors. We are cautiously optimistic that this will improve in the coming months," the company noted