TVS May sales slightly higher Vs April
While motorcycle sales grew to 148,560 units in May 2022, scooter sales stood at 100,665 units.
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.
RELATED ARTICLES
New Hyundai Creta sales race to 100,000 units in just six months
Surging demand for India’s best-selling midsize SUV, particularly after the new Creta was launched on January 16, sees i...
India ranked 12th in Renault’s Top 15 markets, plots new models to regain growth
India’s position in the Renault Group’s Top 15 global markets in first-half 2024 has risen by one rank from 13th in 2023...
TVS Apache regains sales lead over TVS Raider after four quarters
With 120,588 units sold in April-June 2024, the 14-variant Apache series spread across the 160-312cc spectrum regains th...