HomeCURRENT AFFAIRSTVS Motor Company witnesses astounding 31% sales growth in November 2023, Details

TVS Motor Company witnesses astounding 31% sales growth in November 2023, Details

Sales of TVS Motor Company, a major producer of two-wheelers, increased by 31% year over year (Y-o-Y) in November 2023 to 364,231 units from 277,123 units sold in the same month the previous year.

TVS Motor Company: In comparison to 277,123 units sold in November 2022, TVS Motor Company recorded sales of 363,231 units in November 2023, a growth of 31% year over year. In November 2023, the corporation sold 352,103 units, a 34% increase over the 263,642 units sold in the same month the previous year. From November 2022 to November 2023, domestic two-wheeler sales increased by 50%, from 191,730 to 287,017 units.

TVS Motor Company November 2023 Sales

Two Wheelers

Sales of all two-wheelers increased from 263,642 units in November 2022 to 352,103 units in November 2023, representing a 34% increase. Sales of domestic two-wheelers increased from 191,730 units in November 2022 to 287,017 units in November 2023, representing a 50% growth.

Sales of motorcycles increased from 145,006 units in November 2022 to 172,836 units in November 2023, representing 19% growth. Sales of scooters increased from 83,679 units in November 2022 to 135,749 units in November 2023, representing a 62% growth.

Exports

Comparing November 2022 to November 2023, the Company’s total export sales were 75,203 units, compared to 84,134 units in November 2022. Compared to November 2022, when two-wheeler exports sold 71,912 units, November 2023 saw sales of 65,086 units.

Electric Vehicles

In November 2023, the company sold 16,782 units, compared to 10,056 units in the same month the previous year. The TVS iQube booking pipeline is still in good shape.

Three wheelers

Compared to November 2022, when 13,481 units were sold, the company’s three-wheeler division had sales of 12,128 units in 2023.

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