TVS Motor Company Posts 3.6 Per Cent Decrease in Overall Sales

TVS Motor Corporation declared its revenue figures of 242,012 units in December 2022 as in opposition to gross sales of 250,993 units in December 2021, which is a fall of 3.6 per cent. The firm registered complete two wheeler sales of 227,666 units past thirty day period as as opposed to 235,392 units in December 2021. Domestic two-wheeler product sales registered progress of 10 for every cent expanding from 146,763 models in December 2021 to 161,369 units in December 2022.

The firm posted motorcycle sales of 124,705 models in December 2022 as from 133,700 units in December 2021 which is drop of 6.72 for every cent. Scooter revenue registered expansion of 14 for every cent with sales rising from 67,533 models in December 2021 to 76,766 units in December 2022.

TVS iQube, the company’s electric scooter received good traction and the business bought 11,071 models in December 2022 as against revenue of 1,212 models in December 2021, which is a progress of a whopping 813.45 for each cent.

TVS’ total exports in December 2022 consisted of 79,402 units, as in opposition to 103,420 models for December 2021 which is a drop of 23.22 for each cent. Two-wheeler exports consisted of 66,297 units in December 2022 as from 88,629 units in December 2021. TVS registered sales of 14,346 three-wheeler units in December 2022 as versus 15,541 models in December 2021.

In the course of the third quarter of the latest monetary calendar year, two-wheeler sales registered 8.4 lakh units as towards 8.3 lakh models in the third quarter of FY 21-22. A few-wheeler posted income of .43 lakh models as from .44 lakh units in the 3rd quarter of FY 21-22. Full exports registered profits of 2.5 lakh units in the existing quarter as in opposition to 2.9 lakh models in the third quarter of FY 21-22.