TVS registers 50% sales growth in November 2023, two-wheeler sales at 191,730 units

The company's scooters registered a healthy growth of 62 percent, while its all-electric TVS iQube continues to garner more bookings.

By Autocar Professional Bureau

01 Dec 2023

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TVS Motor Company recorded monthly sales of 364,231 units in November 2023, registering a 31 percent year-on-year growth, as against 277,123 units in the month of November 2022.

The company's domestic two-wheeler sales registered growth of 50% with sales increasing from 191,730 units in November 2022 to 287,017 units in November 2023. While motorcycles registered a growth of 19% with sales increasing from 145,006 units in November 2022 to 172,836 units in November 2023.

Scooters, on the other hand, registered a growth of 62% with sales increasing from 83,679 units in November 2022 to 135,749 units in November 2023.

The Company sold 16,782 units of its all-electric TVS iQube and TVS X scooters in November 2023 as against sales of 10,056 units in November 2022. It claims that the booking pipeline for TVS iQube continues to be healthy.

International business sales

The Company's total exports registered sales of 75,203 units in November 2023 as against 84,134 units registered in November 2022. Two-wheeler exports registered sales of 65,086 units in November 2023 as against 71,912 units in November 2022. Customer retails continue to grow in the IB markets.

In its three-wheeler segment, the company registered sales of 12,128 units in November 2023 as against 13,481 units in November 2022.