TVS Motor Company reported a 15% growth with sales of 333,787 units in August 2022 against 290,694 units in the month of August 2021.
Two-wheelers Total two-wheelers posted 15% growth in August 2022, with sales increasing from 274,313 units in August 2021 to 315,539 units in August 2022. Domestic two-wheeler sales increased down 33% to 179.9920 units in August. 239,325 units in August 2022.
Motorcycle sales increased by 17% from 133,789 units in August 2021 to 157,118 units in August 2022. Scooter sales saw 40% growth from 87,059 units in August 2021 to 121,8602 units in August 2022.
With positive market sentiments and the upcoming festive season, the company is optimistic about demand in the domestic two-wheeler market. As the availability of semiconductors has helped achieve a balanced supply chain, the company is now ready to meet holiday demand faster.
The international business company’s total exports recorded sales of 93,111 units in August 2022 compared to 109,927 units in August 2021. Two-wheeler exports recorded sales of 76,214 units in August 2022 compared to 94,314 units in August 2021. 2021. With the market experiencing an economic slowdown and high inflation, the company is optimistic about a gradual return to normal levels of sales momentum.
The company’s three-wheelers saw an 11% increase from 16,381 units in August 2021 to 18,248 units in August 2022. Electric Vehicle The recently launched variants of the electric scooter, TVS iQube Electric, are receiving excellent response from customers. customers, showing strong consolidated sales growth, with positive future demand. As efforts to increase capacity and delivery are showing positive results, the company sold 4,418 units of TVS iQube Electric in August 2022 compared to 649 units sold in August 2021.
The initiative’s new venture recently announced an investment in Narayan Karthikeyan Formula 1 racer start-up DriveX, which aims to enable innovative solutions to expand offerings in the used multi-brand two-wheeler space in India. About TVS Motor Company is a world-renowned two- and three-wheeler manufacturer driving progress through sustainable mobility with four state-of-the-art manufacturing facilities in Hosur, Mysore and Nalagarh in India and Karwang in Indonesia. Rooted in our 100-year heritage of trust, value and passion and precision for customers, we pride ourselves on creating internationally ambitious products of the highest quality through innovative and sustainable processes. We are the only two-wheeler company to have received the prestigious Deming Award.
Our J.D. products Leaders in their respective categories in Power IQS and APEAL surveys. We have received J.D. for four consecutive years. Ranked #1 in Power’s Customer Service Satisfaction Survey. Norton Motorcycles, our UK-based group company, is one of the world’s most exciting motorcycle brands. In the field of personal electric mobility, our subsidiaries, the Swiss e-Mobility Group (SEMG) and the EGO Movement, occupy a leading position in the market for electric bicycles in Switzerland.
TVS Motor Company strives to provide the best customer experience in the 80 countries where we operate. For more information, visit www.tvsmotor.com. For more information, contact: KS Harini: [email protected]