Key Takeaways
- The TVS Motor Company posted a 6% sales increase in September 2023, reaching 402,553 units.
- Two‑wheelers grew 7% overall, with domestic sales up 6% to 300,493 units.
- The motorcycle segment recorded the highest growth at 10%, while scooters grew 8%.
- Exports rose 8% to 100,294 units, driven by an 11% jump in two‑wheeler exports.
- TVS iQube Electric sales surged to 20,356 units, a four‑fold increase year‑on‑year.
Mumbai: Auto major TVS Motor Company registered a growth of 6 per cent in September 2023 with sales of 402,553 units as against 379,011 units in the month of September 2022.
Total two-wheelers registered a growth of 7 per cent with sales increasing from 361,729 units in September 2022 to 386,955 units in September 2023. Domestic two-wheeler registered growth of 6 per cent with sales increasing from 283,878 units in September 2022 to 300,493 units in September 2023.
Motorcycle registered a growth of 10 per cent with sales increasing from 169,322 units in September 2022 to 186,438 units in September 2023. Scooter registered a growth of 8 per cent with sales increasing from 144,356 units in September 2022 to 155,526 units in September 2023.
The Company sold 20,356 units of TVS iQube Electric in September 2023 as against sales of 4,923 units in September 2022.
The Company’s total exports registered a growth of 8% with sales increasing from 92,975 units in September 2022 to 100,294 units in September 2023. Two-wheeler exports registered a growth of 11 percent with sales increasing from 77,851 units in September 2022 to 86,462 units in September 2023. Both retails and despatch have begun to improve in the IB markets.
Three-wheeler of the Company registered sales of 15,598 units in September 2023 as against 17,282 units in September 2022.
