TVS Motors’ Sales increased from 355,033 units in October 2021 to 360,288 units in October 2022, representing a 2% growth.
TVS Motors headquartered in Chennai is India’s third largest motorcycle company championing progress through Sustainable Mobility with four state-of-the-art manufacturing facilities in Hosur, Mysuru, and Nalagarh in India and Karawang in Indonesia.
Two-Wheeler
Sales of all two-wheelers totaled 344,630 units in October 2022 compared to sales In October 2021, 341,513. Sales of domestic two-wheelers increased by 7% between October 2021 had 258,777 units, and October 2022 saw 275,934 units.
Motorcycle sales decreased from 172,361 units in October 2021 to 164,568 units in October 2022. Scooter sales increased from 113,124 units in October 2021 to a 20% increase. in October 2022, reaching 135,190 units.
The Jupiter scooter produced by TVS Motor is its best-selling item. Jupiter sold 82,394 units in September 2022, up 46.25% YoY from the 56,339 units sold in the same month the previous year. Gain in volume was 26,055 units, accounting for 29.02% of TVS’ domestic sales. The XL moped comes in second with 47,613 sales units.
Last year’s 61,664-unit sales resulted in a 22.79% YoY decline for XL. Volume dropped by 14,051 units, or 16.77% of the total. With a volume increase of 2,293 units, the Apache series has seen a 5.64% YoY growth by selling 42,954 units above 40,661 units the year before. NTORQ, the second-best-selling scooter for TVS, saw YoY growth of 6.94% by moving 31,497 units. NTORQ acquired 2,045 units in volume.
Electric Vehicle
Customers continued to respond favorably to the electric vehicle TVS iQube Electric, which showed a significant sales growth of 8,103 units in October 2022 compared to sales of 395 units in October 2021.
Worldwide Business
In contrast to sales of 95,191 units in October 2021, the company’s total exports in October 2022 registered sales of 82,816 units. In contrast to the 82,736 units sold in October 2021, 68,696 units of two-wheelers were exported in October 2022.
Due to macroeconomic circumstances, there has been a downturn in some overseas markets. Due to the fact that these markets are dominated by two-wheelers, TVS Motors has curtailed its dispatches to these nations. The company did observe modest retail growth in these regions in October, nevertheless, and this will support better despatches in the upcoming months.
Three-Wheeler
Sales of the company’s three-wheelers increased by 16%, reaching 15,658 units in October 2022 compared to 13,520 units in October 2021