.jpeg)
.jpg)
TVS Motor Company Achieves 31% Sales Growth in November 2023
The company recorded total monthly sales of 364,231 units, surpassing the 277,123 units achieved in November 2022.
Bengaluru, India – TVS Motor Company has reported robust sales figures for November 2023, showcasing a significant growth of 31% compared to the same period in the previous year. The company recorded total monthly sales of 364,231 units, surpassing the 277,123 units achieved in November 2022.
Here is a breakdown of the key highlights:
Retail Outperforms Industry:
- TVS Motor Company's retail sales outpaced industry standards, reflecting a positive market response.
Domestic Sales Surge:
- Domestic sales witnessed an impressive growth of 50%, with the total number of units sold increasing from 191,730 in November 2022 to 287,017 in November 2023.
Two-Wheeler Segment:
- The overall two-wheeler segment experienced a remarkable 34% growth, reaching 352,103 units in November 2023, up from 263,642 units in the same month of the previous year.
Motorcycle and Scooter Performance:
- Motorcycle sales saw a commendable 19% growth, rising from 145,006 units in November 2022 to 172,836 units in November 2023.
- The scooter segment exhibited an exceptional 62% growth, with sales increasing from 83,679 units in November 2022 to 135,749 units in November 2023.
Electric Vehicle Success:
- The company's electric vehicle (EV) segment achieved a significant sales milestone, selling 16,782 units in November 2023, up from 10,056 units in November 2022.
- The TVS iQube, an electric vehicle offered by the company, continues to generate strong demand as reflected in the healthy booking pipeline.
International Business:
- Total exports for TVS Motor Company reached 75,203 units in November 2023, showing steady growth compared to 84,134 units in November 2022.
- Two-wheeler exports contributed 65,086 units in November 2023, slightly down from 71,912 units in November 2022.
- The company reported ongoing growth in customer retails across its International Business markets.
Three-Wheeler Segment:
- In the three-wheeler segment, the company registered sales of 12,128 units in November 2023, demonstrating consistency compared to the 13,481 units recorded in November 2022.
TVS Motor Company's impressive sales performance in November 2023 reflects its strategic positioning, robust product portfolio, and the positive reception of its offerings in both domestic and international markets.
