TVS Motor Company’s March 2023 sales register 3% growth; 22% growth in domestic sales

TVS Motor Company registered a growth of 3 percent with sales increasing from 307,954 units in the month of March 2022 to 317,152 units in March 2023. 

Two-Wheeler

Total two-wheelers registered a growth of 5 percent with sales increasing from 292,918 units in the month of March 2022 to 307,559 units in March 2023. Domestic two-wheeler registered growth of 22 percent with sales increasing from 196,596 units in March 2022 to 240,780 units in March 2023.   

Motorcycle registered sales of 141,250 units in March 2023 as against 160,522 units in March 2022.  Scooter sales registered a growth of 5% with sales increasing from 94,747 units in the month of March 2022 to 128,817 units in March 2023.  

Electric Vehicle

TVS iQube electric recorded sales of 15,364 units in March 2023 as against sales of 1,799 units in March 2022. 

International Business

The Company's total exports registered sales of 75,037 units in March 2023 as against 109,724 units in March 2022. Two-wheeler exports registered sales of 66,779 units in March 2023 as against 95,962 units in March 2022. 

Three-Wheeler

Three-wheeler of the Company registered sales of 9,593 units in March 2023 as against 15,036 units March 2022. 

Fourth Quarter Sales Performance FY 2022-23:

During the fourth quarter of the financial year 2022-23, the two-wheeler of the company registered sales of 8.40 lakh units of sales as against 8.15 lakh units registered in the fourth quarter of financial year 2021-22. Three-wheeler of the company registered sales of 0.29 Lakh units in the fourth quarter of financial year 2022-23 as against 0.42 units in the fourth quarter of the financial year 2021-22. Total exports registered sales of 1.85 lakh units in the current quarter as against 3.15 lakh units in the third quarter of FY 21-22.