Sluggish scooter biz drags TVS Motor's domestic two-wheeler sales down 27%

The company's exports were up 26.65% to 74,060 units this November, from 58,476 units a year ago

TVS Motor has reported a 26.52 per cent drop in domestic two-wheeler sales during November, to 191,222 units from 260,253 units the same month a year ago, owing to huge pressure is its scooter segment.

The company has attributed the decline to the advancing of the Diwali season by a month and the planned adjustment of BS IV stocks.

The firm's motorcycle sales dropped by 11.61 per cent to 105,963 units from 119,883 units a  year ago, while scooter sales were down 24.69 per cent to 84,169 units from 111,763 units.

TV Motor's total sales declined 16.7 per cent to