TVS Motor total sales climb 33% YoY in February

TVS Motor Co posted a healthy growth of 33% on year in its total volumes during February on the back of strong two-wheeler sales both in the domestic and export markets.

The company despatched a total of 368,424 vehicles, including two-wheelers and three-wheelers, in February, against 276,150 units in the year-ago period.

Total two-wheeler sales during the month came in at 357,810 units, up 34% on year. Domestic two-wheelers grew 21% to 267,502 units, while exports almost doubled to 90,308 units from 45,624 units.

Motorcycle sales were 46% percent higher at 184,023 units while scooter sales rose 26 percent to 132,152 units. The company sold 17,959 electric vehicles in the month, up 16 percent on year.

Three-wheeler wholesales also grew 16% on a year-on-year basis to 10,614 units.

Meanwhile, TVS Motor’s total exports jumped 85% during the month to 98,856 units.