Karnataka, Jul 3: TVS Motor Company registered a sales growth of 3% increasing from 308,501 units in June 2022 to 316,411 units in June 2023.
Two-Wheeler: Total two-wheelers registered a growth of 4% with sales increasing from 293,715 units in June 2022 to 304,401 units in June 2023. Domestic two-wheeler registered growth of 22% with sales increasing from 193,090 units in June 2022 to 235,833 units in June 2023.
Motorcycle registered sales growth of 2% with sales increasing from 146,075 units in June 2022 to 148,208 units in June 2023. Scooter sales registered a growth of 11% with sales increasing from 109,878 units in the month of June 2022 to 121,364 units in June 2023.
Electric Vehicles: TVS iQube Electric recorded sales of 14,462 units in June 2023 as against sales of 4,667 units in June 2022.
The first two weeks of June witnessed a decline in EV two-wheeler industry sales due to readjustment in prices owing to the reduction in FAME II subsidy. However, TVS iQube’s order book remains very healthy. We are already seeing a pick up in sales and are confident of continued improvement in the coming months.
International Business: The Company’s total exports registered sales of 79,144 units in June 2023 as against 114,449 units June 2022. Two-wheeler exports registered sales of 68,568 units in June 2023 as against 100,625 units June 2022.
Three-Wheeler: Three-wheeler of the Company registered sales of 12,010 units in June 2023 as against 14,786 units June 2022.
First Quarter Sales Performance: During the first quarter of the current financial year, two-wheeler sales grew by 7% increasing from 8.6 lakh units in the first quarter FY 22-23 to 9.18 lakh units in the current quarter. Three-wheeler of the Company registered 0.35 units in the current quarter as against 0.46 lakh units in the first quarter of FY 22-23.
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