New Delhi: TVS Motor Company registered a sales growth of 4% increasing from 333,787 units in August 2022 to 345,848 units in August 2023.
Total two-wheeler sales registered a growth of 5% from 315,539 units in August 2022 to 332,110 units in August 2023. Domestic two-wheelers grew 7% with sales increasing from 239,325 units in August 2022 to 256,619 units in August 2023.
Motorcycles registered a decline of 6% with 153,047 units in August 2023 as against 157,118 units in August 2022. Scooter sales registered a growth of 17% with sales increasing from 121,866 units in August 2022 to 142,502 units in August 2023.
TVS iQube Electric recorded the highest sales of 23,887 units in August 2023 as against sales of 4,418 units in August 2022. Order book for TVS iQube Electric scooter continues to be healthy, the company said.
The Company’s total exports registered sales of 87,515 units in August 2023 as against 93,111 units in August 2022, which is a decline of 6%. Two-wheeler exports alone registered 1% decline in sales with 75,491 units in August 2023 as against 76,214 units in August 2022.
Three-wheelers sales of the company were down by 25% with 13,738 units in August 2023 as against 18,248 units in August 2022.
The company’s total exports registered sales of 79,144 units in June 2023 as against 114,449 units June 2022. Two-wheeler exports registered sales of 68,568 units in June 2023 as against 100,625 units June 2022.
One of every five two-wheelers sold in India will be an electric within the next two years, as manufacturers introduce more affordable models and the network of public charging stations becomes stronger, Tarun Mehta, the CEO of Ather Energy, told ET.
This collaboration has resulted in the development of four products on the 310cc platform: BMW G 310 R, BMW 310 GS, BMW G310 RR and TVS Motor Company’s flagship motorcycle, TVS Apache RR 310.
Launched at INR 2.50 lakh (ex-showroom, Bengaluru), the new TVS EV comes with a 4.44kWh dual battery pack. With a host of new technology offerings, the company is targeting the Gen-Z and sees X as leading its premium growth strategy in India and international markets. Further, it aims to become a global mobility firm and plans to introduce multiple EV products by the next year and a half. Currently, about 20% of TVS scooters sales are electric, which is expected to double in the next two years.
