"There has been a huge impact on the company’s production and sales this month because of the Covid-19 lockdown
across the country. TVS Motor Company launched attractive and feature rich BS VI versions of its entire portfolio. These have been well received and there are adequate stocks already in the market when it reopens. International demand for both two-wheelers and three-wheelers was good. However, due to the lockdown, there was a significant loss in production, and also vehicle stock in the factory for both domestic and international markets, which could not be dispatched," said the company.
The company began the transition to BS VI in Q3 of FY20 in a move that has helped it become completely ready to supply these vehicles in Q4. The firm and its dealers have retailed almosy all BS IV vehicles and the company is now getting set to fully focus on its BS VI range once the market opens.
Exports stood at 50,197 units in March 2020 as against 76,405 units in March 2019. Two-wheeler shipments stood at 39,885 units this year as against 63,191 units in March 2019.
During the fourth quarter of the current financial year, two-wheeler sales dropped to 590,000 units from 866,000 units in the same quarter a year ago. Three-wheeler sales rose 3 per cent from 41,000 units in Q4 last year to 43,000 units in the fourth quarter of the current year.
During 2019-20, the company's two-wheeler sales dropped 3.09 million units from 3.76 million units in 2018-19. Three-wheeler sales were up 11 per cent from 156,000 units in FY19 to 174,000 lakh units in FY20.