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TVS registered a slight increase in sales last month, motorcycle sales decreased

TVS Motors Sales Report: Two-wheeler manufacturer TVS Motor has sold a total of 3,17,152 two-wheelers and three-wheelers in March 2023. This includes both domestic sales and exports. This is 2.99 percent more than the 3,07,954 units sold in March 2022.

how much was sold

The company has sold 2,40,780 two wheelers in the domestic market. Which is 44,184 units more than in March 2022. In March 2022, the company had sold 1,96,596 units. In March 2023, the company sold 1,41,250 motorcycles, which is 12.01 percent less than the 1,60,522 units sold in March 2022. Motorcycles account for 45.93 percent of the company’s sales. At the same time, in March 2023, the company’s annual scooter sales increased by 35.96 percent to 1,28,817 units, which is 35,070 units more than the 94,747 units sold in March 2022.

Increased sales of iQube

TVS sold 15,364 units of iQube in March, which is 754.03 percent more than the 1,799 units sold in March 2022. The XL100 moped also sold 37,492 units during this period.

less export

The company’s two-wheeler exports declined by 30.41 percent to 66,779 units in March 2023, from 95,962 units in March 2022. TVS’s total two-wheeler sales increased by 5 percent to 3,07,559 units in March 2023, compared to 2,92,918 units sold in March 2022.

 

Decreased sales of three wheelers

Sales of three wheelers of the company March 2023 Sales of three wheelers decreased by 36.20 percent to 9,593 units in March 2023, while 15,036 units were sold in March 2022, including domestic sales and exports. Domestic sales of three wheelers increased by 4.79 percent to 1,335 units in March 2023. At the same time, the export of three wheelers decreased by 39.99 percent to 8,258 units.

increased domestic sales

Total domestic sales of two- and three-wheelers increased by 22.36 percent to 2,42,115 units in March 2023 from 1,97,870 units in March 2022. At the same time, the company’s two and three wheeler exports decreased by 31.61 percent to 75,037 units from 1,09,724 units in March 2022. TVS Motor’s total two-wheeler sales in the financial year 2022-23 stood at 8.40 lakh units, which is higher than the 8.15 lakh units in the financial year 2021-22.

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