Hosur, February 01, 2023: TVS Motor
Company registered a sales growth of 3% with sales increasing from 266,788
units in the month of January 2022 to 275,115 units in January 2023.
Two-Wheeler
Total two-wheelers registered a growth
of 4% with sales increasing from 254,139 units in the month of January 2022 to
264,710 units in the month of January 2023. Domestic two-wheeler registered
growth of 29% with sales increasing from 167,795 units in January 2022 to
216,471 units in January 2023.
Motorcycle registered sales of 121,042
units in January 2023 as against 137,630 units in January 2022. Scooter
sales of the Company registered a growth of 32% with sales increasing from
80,580 units in the month of January 2022 to 106,537 units in the month of
January 2023.
Electric Vehicle
TVS iQube Electric continues to delight
customers with its technology prowess, and intelligent, personalised &
connected experience. The electric scooter recorded its highest ever sales of
12,169 units in January 2023 as against sales of 1,529 units in January
2022. TVS iQube Electric is now available in more than 100 cities across
200 touchpoints, selling more than 10,000 units for the third consecutive month
with a strong order pipeline.
International Business
The Company’s total exports registered
sales of 57,024 units in January 2023 as against 97,858 units January
2022. Two-wheeler exports registered sales of 48,239 units in
January 2023 as against 86,344 units January 2022. Given the
macro-economic uncertainties in a few international markets, the company has
reduced stock to enable the channel partners. Customer retails
continue to be well ahead of the despatches. With reduced
distributor stocks and improved retails, the Company is optimistic of
improving despatches in the forthcoming months.
Three-Wheeler
Three-wheeler
of the Company registered sales of 10,405 units in
January 2023 as against 12,649 units January 2022.
