TVS Motor registers 3% sales growth in June 2023, domestic sales jump 22%

TVS Motor Company has registered a sales growth of 3% increasing from 3,08,501 units in June 2022 to 316,411 units in June 2023, the company stated on Monday.

As per the press release, total two-wheelers segment registered a growth of 4% with sales increasing from 293,715 units in June 2022 to 304,401 units in June 2023 where domestic two-wheeler registered growth of 22% with sales increasing from 193,090 units in June 2022 to 235,833 units in June 2023, the company said.

Further, motorcycle registered sales growth of 2% with sales increasing from 146,075 units in June 2022 to 148,208 units in June 2023. Scooter sales registered a growth of 11% with sales increasing from 109,878 units in the month of June 2022 to 121,364 units in June 2023.

Also, electric vehicles TVS iQube Electric recorded sales of 14,462 units in June 2023 as against sales of 4,667 units in June 2022.

For international business, the Company's total exports registered sales of 79,144 units in June 2023 as against 114,449 units June 2022. 

Two-wheeler exports registered sales of 68,568 units in June 2023 as against 100,625 units June 2022.

Three-Wheeler Three-wheeler of the Company registered sales of 12,010 units in June 2023 as against 14,786 units June 2022, the company mentioned in a statement.

Source: Media Reports