TVS Motor Company registered an overall YoY sales growth of 4% increasing from 333,787 units in August last year to 345,848 units in August 2023. The Hosur-based manufacturer is a key player in the two-wheeler and three-wheeler segment of the Indian market.
TVS August 2023 sales: Two-wheelers grow 5%
The company registered an overall two-wheeler sales of 315,539 units last month as compared to 332,110 units sold in August 2023. This resulted in a YoY growth of 5%. In the domestic market, two-wheeler sales of TVS grew by 7% YoY when the bikemaker registered a monthly volume of 239,325 units in August 2022 to 256,619 units in August 2023.
| TVS two-wheeler sales | Aug 2023 | Aug 2022 | YoY change |
| Motorcycles | 153,047 units | 157,118 units | -2.59% |
| Scooters | 142,502 units | 121,866 units | 17% |
| Domestic | 256,619 units | 239,325 units | 7% |
| Exports | 75,491 units | 76,214 units | -0.94% |
| Total two-wheeler sales | 332,110 units | 315,539 units | 5% |
Motorcycles registered sales of 153,047 units in August 2023 as against 157,118 units in August 2022. Scooter sales registered a growth of 17% with sales increasing from 121,866 units in the month of August 2022 to 142,502 units in August 2023.
TVS August 2023 sales: iQube records highest monthly volume
TVS sold 23,887 units of the iQube electric scooter in August this year– the highest monthly volume for the battery-powered two-wheeler. During the same period last year, TVS sold 4,418 units of the iQube, thus registering a massive YoY growth of 440%.
Total exports of 87,515 units in August 2023 were recorded by TVS as against 93,111 units in August 2022. Two-wheeler exports registered sales of 75,491 units in August 2023 as against 76,214 units in August 2022. Besides the two-wheeler segment, the company also witnessed sales of 13,738 three-wheelers in August this year as against 18,248 units sold during the same month last year.
