TVS Motor's May sales recorded a 6 percent month-on-month growth at 191,482 units compared to 180,533 units sold in April 2022. The company's domestic two-wheeler sales grew from 52,084 units in May 2021 to 191,482 units in May 2022. The year-on-year growth is not comparable due to the low base of sales in May 2021 because of the localised lockdown imposed by the Government of India during that period.
While motorcycle sales grew to 148,560 units in May 2022, scooter sales stood at 100,665 units. The domestic two-wheeler sales include TVS iQube Electric sales of 2,637 units.
The company said that the shortage in the supply of semiconductors has impacted the production and sales of premium two-wheelers. "We are working aggressively with alternate sources and taking every effort to improve supplies at the earliest. Some improvement has been seen this month. We are optimistic that volumes will revive to normal levels once the semiconductor supplies improve," they added.
Two-wheeler exports recorded sales of 95,576 units in May 2022 as against 102,332 units in the previous year.
In the three-wheeler space of the company grew by 28 percent from 12,473 units in May 2021 to 15,924 units in May 2022.