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. 

Autocar Pro News Desk By Autocar Pro News Desk calendar 01 Dec 2023 Views icon10863 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
TVS badge

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.

No special worker share allocation for Indian employees in Hyundai IPO: Report

auther Autocar Pro News Desk calendar12 Jul 2024

Hyundai has no intention of earmarking shares by way of an employee quota, but the company has agreed to try and addres...

Volvo CE brings Korean undercarriage parts makers to set up base in India

auther Autocar Pro News Desk calendar12 Jul 2024

These manufacturers will be supplying not only to Volvo but also other players in the market, Dimitrov Krishnan, Managin...

From R&D incentives to EV infrastructure: What auto components industry expects from Budget 2024

auther Autocar Pro News Desk calendar12 Jul 2024

ACMA's recommendations to the government include incentivising capital expenditure, revising depreciation rates on plant...