TVS Motor Company’s exports last month stood at 82,816 units in October 2022 against sales of 95,191 units in October 2021.
Two-wheeler major TVS Motor Company reported a 2% increase in October sales at 360,288 units compared to 355,033 units sold in October 2021. last year’s season. Its domestic two-wheeler sales registered a growth of 7%, seeing an increase from 258,777 units in October 2021 to 275,934 units in October 2022.
TVS Motor Company’s motorcycle sales stood at 164,568 units compared to sales of 172,361 units in October 2021 while scooter sales increased by 20% and sales increased from 113,124 units last year to 135,190 units in October 2022.
In its October sales report, TVS Motor Company noted that sales of all its products are very good. “We are optimistic that the demand in the domestic two-wheeler market will continue,” read the report.
In terms of sales of its electric scooter – the TVS iQube – the company is registering a significant growth, increasing from 395 units in the previous year to 8,103 units in October 2022. units last month against 13,520 units in October 2021.
The company’s exports last month stood at 82,816 units in October 2022 against sales of 95,191 units in October 2021. Total two-wheeler sales registered 68,696 units last month against 82,736 units in October 2021.
In other international markets, there has been a slowdown due to macroeconomic conditions. These are mainly two-wheeler markets and hence we moderate shipments to these countries. However, we have seen improved sales in these markets in October which will support improved deliveries in the coming months.
Date of First Publication: 02 Nov 2022, 09:56 AM IST