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Covid-19 impact : TVS Motor reports zero sales in April

Two and three-wheeler manufacturer TVS Motor today said it did not make any sale in the domestic market in April due the manufacturing disruption caused by the Covid-19 pandemic and the resultant lockdown. 

In a regulatory filing, India’s third largest two-wheeler manufacturer said, “Since March 23, 2020, the Company’s plants have been closed in compliance with the Government of India guidelines. During the month of April 2020, TVS Motor Company had zero sales in the domestic market.”

However, the company added that, following resumption of operations at Chennai Port, 8,134 units of two-wheelers, and 1,506 three-wheelers were shipped utilising the stocks from March 2020 while ensuring utmost safety. 

“TVS Motor Company is gearing up to restart operations as per state guidelines and is undertaking strong measures to safeguard the health of the employees,” the statement said adding, “we are optimistic about the potential demand for personal mobility once things normalise.”

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