The auto sector facing Corona is now slowly gaining momentum. After cars, there is a boom in two-wheeler sales. TVS Motor sales rose 22 percent to 3,94,724 units in October. At the same time, Bajaj Auto sales also increased by 11 percent to 5,12,038 units this month. At the same time, Hero Moto Corp has sold 8,06,848 units of bikes and two-wheelers in October 2020. This is the highest one-month sale till date.

TVS Motor sales soared

TVS Motor Company sales rose 22 percent to 3,94,724 units in October. The company sold 3,23,368 vehicles in the same month last year. In a communication sent to the stock exchanges, the company said its two-wheeler sales rose by 24 percent to 3,82,121 units in October from 3,08,161 units in the same month a year ago.

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The company’s two-wheeler sales in the domestic market grew by 19 percent to 3,01,380 units from 2,52,684 units in the same month a year ago. The company’s motorcycle sales grew 38 percent to 1,73,263 units in October. The company sold 1,25,660 motorcycles in October 2019. Similarly, scooter sales of the company grew by five percent to 1,27,138 units. In October 2019, the company sold 1,21,437 scooters.

Two-wheeler exports up 46 percent

TVS Motor Company said its three-wheeler sales fell to 12,603 ​​units in October. The figure was 15,207 units in the same month a year ago. The company’s total exports in October increased by 33 percent to 92,520 units from 69,339 units in the same month a year ago. The company’s two-wheeler exports grew by 46 percent to 80,741 units in the month under review from 55,477 units in October, 2019.

Hero sold 8,06,848 units

Sentiment has improved due to Navratri and Diwali. Hero Moto Corp has sold 8,06,848 units of bikes and two-wheelers in October 2020. This is the highest one-month sale till date. Hero MotoCorp has registered a growth of 35% in October 2020 this year as compared to last year October 2019.

Bajaj motorcycle sales up 18 percent

Two wheeler company Bajaj Auto Ltd. Total sales for October rose 11 percent to 5,12,038 units. The company sold 4,63,208 vehicles in the same month last year. In a communication sent to the stock exchanges, the company said its sales in the domestic market rose by one percent to 2,81,160 units in October. The figure was 2,78,776 units in the same month last year.

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The company’s motorcycle sales rose 18 percent to 4,70,290 units in the month under review, from 3,98,913 units a year earlier. The company said sales of its Pulsar brand exceeded 1,70,000 units in October. During this period, the company’s commercial vehicle sales fell by 35 percent to 41,746 units. The figure was 64,295 units in the same month last year. The company’s total vehicle exports rose 25 percent to 2,30,878 units in October. The company exported 1,84,432 vehicles in October 2019.