TVS Motor Company sales increase 9% in September 2022

0

Hosur, Tamil Nadu, India (NewsSee) TVS Motor Company recorded a growth of 9% in September 2022 with sales of 379,011 units compared to 347,156 units in the month of September 2021. Two-Wheelers Total two-wheelers recorded a growth of 9% in September 2022 with sales increasing from 332,511 units in September 2021 to 361,729 units in September 2022. The domestic two-wheeler recorded a growth of 16% with sales increasing from 244,084 units in September 2021 to 283,878 units in September 2022. Motorcycle saw 2% growth with sales rising from 166,046 units in September 2021 to 169,322 units in September 2022. Scooter saw 39% growth with sales rising from 104,091 units in September 2021 to 144,356 units in September 2022. TVS Motor Company has had a start to the holiday season and demand is expected to further accelerate during the season. International Trade The Company’s total exports recorded sales of 92,975 units in September 2022 compared to sales of 102,259 units in September 2021. Two-wheeler exports recorded sales of 77,851 units in September 2022 compared to 88,427 units in September 2021. On the international markets front, there is marginal improvement, however, challenges related to economic slowdown and rising inflation persist. We are cautiously optimistic that the sales momentum will continue to improve. The Company’s three-wheeled vehicle recorded 18% growth with sales increasing from 14,645 units in September 2021 to 17,282 units in September 2022. Electric Vehicle The Company sold 4,923 units of TVS iQube Electric in September 2022 against sales of 766 units in September 2022. September 2021. Second Quarter Sales Performance In the second quarter of the current fiscal year, two-wheelers recorded a growth of 12% with sales of 9.77 lakh of units against sales of 8.70 lakh units in the second quarter of FY21-22. The company’s three-wheeler recorded 7% growth with sales of 0.51 lakh units in the second quarter of this year compared to 0.47 lakh units in the second quarter of FY21 -22. About TVS Motor Company TVS Motor Company is a globally renowned manufacturer of two and three wheelers, championing progress through sustainable mobility with four state-of-the-art manufacturing plants in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia . Rooted in our 100-year heritage of trust, value and passion for customers and accuracy, we pride ourselves on manufacturing the highest quality, internationally aspirational products through innovative and sustainable processes. We are the only two-wheeler company to have received the prestigious Deming Award. Our products lead their respective categories in the JD Power IQS and APEAL surveys. We have been ranked the #1 company in JD Power’s Customer Service Satisfaction Survey for four consecutive years. Our UK based Norton Motorcycles group company is one of the most emotive motorcycle brands in the world. Our subsidiaries in the field of personal electric mobility, Swiss E-Mobility Group (SEMG) and EGO Movement, occupy a leading position in the e-bike market in Switzerland. TVS Motor Company strives to provide the most superior customer experience in the 80 countries in which we operate. For more information, please visit www.tvsmotor.com.

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

Share.

Comments are closed.