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Home CURRENT AFFAIRS TVS Motor Company registers highest-ever sales with 21% growth in October 2023,...

TVS Motor Company registers highest-ever sales with 21% growth in October 2023, Details

In October 2023, TVS Motor Company recorded its best monthly sales ever, selling 434,714 units, a 21 percent increase over October 2022's 360,288 vehicles.

TVS Motor Company registers highest-ever sales with 21% growth in October 2023, Details

TVS Motor Company: Compared to 360,288 units in October 2022, TVS Motor Company‘s October 2023 monthly sales of 434,714 units represented a 21% increase, marking the company’s highest-ever monthly sales.

TVS Motor Company registers highest-ever sales

Sales of motorcycles increased from 1,64,568 units in October 2022 to 2,01,965 units in October 2023, representing a 23% growth. Sales of scooters increased from 1,35,190 units in October 2022 to 1,65,135 units in October 2023, representing a 22% growth.

International sales

Sales increased from 82,816 units in October 2022 to 87,952 units in October 2023, resulting in a 6% increase in the company’s total exports. Sales of two-wheelers increased from 68,696 in October 2022 to 75,653 in October 2023, representing a 10% increase in two-wheeler exports.

Electric Vehicles

Compared to October 2022 sales of 8,103 TVS iQube Electric units, the Company sold 20,153 units in October 2023. With the introduction of the TVS X, TVS’s EV sales are expected to increase even more.

Three-wheeler sales

Compared to 15,658 units in October 2022, the company’s three-wheeler division saw sales of 14,104 units in October 2023.

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