Hosur (Tamil Nadu) [India], September 1 (ANI/NewsVoir): TVS Motor Company achieved a growth of 15 per cent in August 2022 with sales of 333,787 units compared to 290,694 units in the month of August 2021.
Two-Wheeler
Overall two-wheelers sales grew by 15 per cent with sales rising from 274,313 units in August 2021 to 315,539 units in August 2022. Domestic two-wheeler sales saw a 33 per cent increase with numbers climbing from 179,999 units in August 2021 to 239,325 units in August 2022.
Motorcycle sales rose 17 per cent with sales rising from 133,789 units in August 2021 to 157,118 units in August 2022. Scooter sales jumped 40 per cent from 87,059 units in August 2021 to 121,866 units in August 2022.
Given the positive market sentiment and the upcoming festive season, the Company is optimistic about the demand in the domestic two-wheeler market. With the availability of semiconductors aiding a balanced supply chain, the Company is now ready to meet the festive demand.
International Business
The Company’s total exports reported sales of 93,111 units in August 2022 as compared to 109,927 units in August 2021. Two-wheeler exports registered sales of 76,214 units in August 2022 as against 94,314 units in August 2021. Despite some geographies in the international market facing economic slowdown and higher inflation, the Company is hopeful that sales will return to normal levels gradually.
Three-Wheeler
The Company’s three-wheeler sales increased by 11 per cent from 16,381 units in August 2021 to 18,248 units in August 2022.
Electric Vehicle
The TVS iQube Electric, which was recently launched, has been well-received by customers, resulting in a consolidated sales growth with a positive future demand. With efforts to increase capacity and delivery showing positive results, the Company sold 4,418 units of TVS iQube Electric in August 2022 compared to 649 units in August 2021.
New Initiative
The Company recently announced an investment in Formula-1 Racer Narain Karthikeyan’s start-up – DriveX, which is aimed at providing innovative solutions to scale-up offerings in the pre-owned multi brand two-wheeler space in India.
TVS Motor Company is a reputed two and three-wheeler manufacturer globally, championing progress through Sustainable Mobility with four state-of-the-art manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. Rooted in our 100-year legacy of Trust, Value, and Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years. Our group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Our subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland. TVS Motor Company endeavours to deliver the most superior customer experience across 80 countries in which we operate. For more information, please visit www.tvsmotor.com.
For more information, please contact: KS Harini: ks.harini@tvsmotor.com
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