This year TVS Motor Company has seen a decline of 4.6 percent in sales. In March 2022, the company sold a total of 2,92,918 units of two-wheelers, while in the month of March last year, the company had sold 3,07,397 units of two-wheelers, due to which the sales of two-wheelers have seen a decline of 4.8 percent. .
On the other hand, if we talk about the domestic two-wheeler sales of TVS Motor Company, it has fallen by 2.6 percent in March 2022. While the company has sold a total of 1,96,956 units of two-wheelers in the domestic market in March 2022, it sold 2,02,155 units of two-wheelers in March last year.
Apart from this, TVS Motor Company further said that the sales of motorcycles have increased by 2.05 percent in the last month. Last month, the company sold a total of 1,60,522 units of motorcycles, while last year the company sold 1,57,254 units of motorcycles during the same month.
On the other hand, when it comes to scooter sales, the company has registered a decline of 9.8 percent in sales in this segment. TVS Motor Company has sold a total of 94,747 units of scooters in March 2022, while in March last year, the company sold 1,04,513 units of scooters.
The company says that the shortfall in supply of semiconductors has affected the production and sales of premium two-wheelers. However, TVS Motor Company said that it expects an improvement in supply in the coming months. The company has also faced a decline in terms of exports.
Looking at the exports of TVS Motor Company, last month the company has sold 1,09,724 units in foreign markets, while in March last year, the company sold 1,19,382 units of vehicles. Due to this, the company’s exports have registered a decline of 8.4 percent.
Two-wheeler exports declined by 9.2 per cent to 95,962 units in February 2022 from 1,05,242 units in the same period last year. Sales of TVS Motor’s three wheelers have also fallen in March 2022. The company sold 15,246 units in March 2021, while 15,036 units were sold in March this year.
There has been a decline of 1.3 percent in the sales of three wheelers. TVS Motors’ Q4 2022 results also fell, registering a decline of 8.4 per cent, registering sales of 8.15 lakh units as compared to 8.87 lakh units in Q4 2021.