TVS’ total two-wheelers registered a growth of 27% with sales increasing from 2,27,666 units in December 2022 to 2,90,064 units in December 2023. Domestic two-wheeler sales registered growth of 33% with sales increasing from 1,61,369 units in December 2022 to 2,14,988 units in December 2023.
Motorcycles registered a growth of 19% with sales increasing from 1,24,705 units in December 2022 to 1,48,049 units in December 2023. Scooter registered a growth of 34% with sales increasing from 76,766 units in December 2022 to 1,03,167 units in December 2023.
TVS’ electric vehicles saw a growth of 1.4%, having sold 11,232 units in December 2023 as against sales of 11,071 units in December 2022.
International Business
The Company’s total exports grew by 8% increasing from 79,402 units registered in December 2022 to 85,391 units in December 2023. Two-wheeler exports registered a growth of 13% with sales increasing from 66,297 units registered in December 2022 to 75,076 units in December 2023. The markets in IB have shown positive growth and the momentum will further improve.
Third Quarter Sales Performance
During the third quarter of the current financial year, two-wheelers posted a robust growth of 27% with sales of 10.6 lakh units as against sales of 8.4 lakh units in the third quarter of FY 22-23. Two-wheeler sales include EV sales of 0.48 lakh units in the third quarter of FY 23-24 as against 0.29 lakh units in the third quarter of FY 22-23 with a growth of 65%.
