TVS Motor Company saw a 5 percent growth in its two-wheeler month on month sales.
For July 2022, its sales tally was sold 201,942 units in the domestic market compared to 193,090 in June 2022.
On a year-on-year basis, this works out to a 15 percent growth with July 2021 sales numbers touching sales at 175,169. Total two-wheelers registered a growth of 14 percent in July 2022 with sales increasing from 262,728 units in July 2021 to 299,658 units in July 2022.
While motorcycles registered a growth of 8 percent with sales increasing to 150,340 units in July 2022, scooters registered a growth of 49 percent. (110,196 units in July 2021). Two-wheeler exports grew by 12 percent from 87,559 units in July 2021 to 97,716 units in July 2022.
In the electric two-wheeler space, the company launched three versions of TVS iQube Electric. With a monthly average sale of 2,908 units in Q1 2022, the company sold 6,304 units of the iQube in July 2022. "The future demand outlook is very positive. Efforts on increasing the capacity and delivery are showing results," TVS said.
The company said that it has invested in strategic relationships and action plans for the supply of semiconductors and the efforts are yielding results with improvements seen this month as well. "We are very confident of the supplies improving further," the company added.