TVS Motor Company has reported a 4% growth in total sales at 3,25,977 units in the month of July. In the corresponding month a year ago, the company posted total sales of 3,14,639 units. Its total two-wheeler sales stood at 4% at 3,12,307 units last month as against sales of 2,99,658 units sold in July of 2022.
Domestic two-wheeler sales registered a growth of 17 per cent last month. It increased from 2,01,942 units in July of 2022 to 2,35,230 units last month. The company’s motorcycle sales registered a growth of 2% with sales increasing from 150,340 units in July of 2022 to 153,942 units last month.
Scooter sales of TVS Motor registered a growth of 5% from 116,500 units in the year-ago period to 121,941 units in July of 2023.
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In terms of exports, the company registered sales of 89,213 units last month as compared to 112,032 units sold in July of 2022. Two-wheeler exports stood at 77,077 units last month as against 97,716 units in July of 2022.
The company’s electric scooter – iQube – saw tremendous response from EV buyers, witnessing sales of 13,306 units last month as against sales of 6,304 units in the year-ago period. The e-scooter has reached a sales milestone of 150,000 units. The scooter is now available in over 316 touch points across 196 cities. It is also available in neighboring country Nepal.
Three-wheeler of the Company registered sales of 13,670 units in July 2023 as against 14,981 units July 2022.
First Published Date: 02 Aug 2023, 12:55 PM IST