TVS Motor Company had its highest-ever monthly sales of 4,34,714 units in October 2023 with a growth of 21 percent as against 360,288 units in the month of October 2022.
Two-Wheeler
Total two-wheelers registered a growth of 22% with sales increasing from 3,44,630 units in October 2022 to 4,20,610 units in October 2023. Domestic two-wheelers registered growth of 25% with sales increasing from 2,75,934 units in October 2022 to 3,44,957 units in October 2023.
Motorcycles registered a growth of 23% with sales increasing from 1,64,568 units in October 2022 to 2,01,965 units in October 2023. Scooter registered a growth of 22% with sales increasing from 1,35,190 units in October 2022 to 1,65,135 units in October 2023.
Electric Vehicle
The Company sold 20,153 units of TVS iQube Electric in October 2023 as against sales of 8,103 units in October 2022. TVS’ EV sales are set to see a rise with the newly launched TVS X.
International Business
The Company’s total exports registered a growth of 6% with sales increasing from 82,816 units in October 2022 to 87,952 units in October 2023. Two-wheeler exports registered a growth of 10% with sales increasing from 68,696 units in October 2022 to 75,653 units in October 2023.