Saturday, October 1, 2022
HomeAutoTVS Motor crosses 1 million two wheeler exports in FY 2022, sends...

TVS Motor crosses 1 million two wheeler exports in FY 2022, sends these bikes out

Speaking on the occasion, the company’s MD said, “The 1 million export mark is a great milestone. It further cements our path to be a global player in personal mobility solutions. TVS Motor has always been around for quality, technology and customer delight. We have been committed to the industry and will continue to do better in the future. We are now excited to deliver new space with exciting products and new first-in-segment technology.”

A few months back, the company had achieved another major sales milestone globally. TVS Motor has completed the worldwide sales of 2 million units of its HLX series of motorcycles, which is a big achievement for the company. TVS Motor sells the HLX series of motorcycles in the global market in four variants, which include TVS HLX Plus (100-cc), TVS HLX 125, TVS HLX 150 and TVS HLX 150X.

It is currently being sold in 42 countries of Africa, Middle East and LATAM apart from India. The company first launched this bike in the year 2013. The TVS HLX series has been one of the biggest success stories for the brand globally. The bike has added another million units in a span of two years after the two-wheeler maker registered the one million sales landmark.

How were TVS sales in January?

TVS Motor has released the sales report for January 2022. The company has reported sales of 2,66,788 units as of January 2022, a decline of 13.14 per cent. The Chennai-based automaker had sold 3,07,149 units in the same month last year. TVS Motor Company said in a statement that total two-wheeler sales declined by 13.73 per cent to 2,54,139 units in January 2022 from 2,94,596 units in January 2021.

TVS Motor crosses 1 million two wheeler exports in FY 2022, sends these bikes out

However, motorcycle sales last month registered a marginal increase at 1,37,360 units as against 1,36,790 units in the same month a year ago. Last month, scooter sales declined by 18.04 per cent to 80,580 units as against 98,319 units in the same month last year. The company said in a statement that the production and sales of premium two-wheelers were severely affected due to semiconductor chip shortage. We are cautiously optimistic that this will improve in the coming months.

TVS Motor crosses 1 million two wheeler exports in FY 2022, sends these bikes out

TVS Motor has registered growth in terms of export of vehicles. In January 2022, the company exported 97,858 units of vehicles from India as against 1,00,926 vehicles sold, of which 86,344 were two-wheelers. The company had exported 89,380 two-wheelers in January 2021.

TVS Motor crosses 1 million two wheeler exports in FY 2022, sends these bikes out

Chennai-based TVS Motor Company has announced an investment of Rs 1,200 crore on futuristic technologies and electric vehicles in Tamil Nadu over the next four years. The company has entered into an agreement with the state government in this regard. TVS Motor will make this investment primarily for design, development, manufacturing of new products and capacity expansion in the EV sector.

It is a matter of great pride for an Indian automaker to achieve this feat on a global scale. The company constantly keeps on bringing out very practical products, due to which their demand remains good all over the world.

- Advertisement -
MOBILE

Auto

Two Wheeler

BUSINESS AND FINANCE

Digit News