Till now, 63.13 lakh passengers have canceled their tickets over the entire Western Railway and have received their refund amount accordingly, the Western Railway said.
TVS Motor Company registered sales of 252,744 units in July 2020 as against 279,465 units registered in the month of July 2019.
Motorcycles sales were 4.78 lakh last month and scooters sales added up to 35,843 units as compared to 4.9 lakh and 45,752 year-on-year respectively.
The total export of the company registered sales of 0.81 lakh units during the quarter ended June 2020 as against sales of 2.09 lakh units in the quarter ended June 2019.
June passenger traffic foreshadowed the slower-than-expected recovery. Traffic fell 86.5 per cent compared to the year-ago period. That is only slightly improved from a 91 per cent contraction in May and was driven by rising demand in domestic markets, particularly China.
The pandemic has had a significant impact on the aviation sector with business operations having been completely suspended for about two months across both domestic and international routes from March 25.
While the operating profit was reduced to Rs 376 crore from Rs 1,189 crore, the profit before tax got slashed to Rs 682 crore in Q1 FY21 from Rs 1,579 crore in the same period of previous fiscal.
The strain on the industry's previously flourishing fundamentals is (and will continue to be) felt across a broad swath of the global economy well into 2022 and beyond.
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