TVS Motor Company’s June 2023 Sales Registers Growth of 3 percent; 22 percent growth in Domestic Sales

(*3*)TVS Motor Company registered a gross sales growth of 3% growing from 308,501 items in June 2022 to 316,411 items in June 2023.

(*3*)Two-Wheeler

(*3*)Total two-wheelers registered a growth of 4% with gross sales growing from 293,715 items in June 2022 to 304,401 items in June 2023. Domestic two-wheeler registered growth of 22% with gross sales growing from 193,090 items in June 2022 to 235,833 items in June 2023.

(*3*)Motorcycle registered gross sales growth of 2% with gross sales growing from 146,075 items in June 2022 to 148,208 items in June 2023. Scooter gross sales registered a growth of 11% with gross sales growing from 109,878 items in the month of June 2022 to 121,364 items in June 2023.

(*3*)Electric Vehicles

(*3*)TVS iQube Electric recorded gross sales of 14,462 items in June 2023 as in opposition to gross sales of 4,667 items in June 2022.

(*3*)The first two weeks of June witnessed a decline in EV two-wheeler trade gross sales resulting from readjustment in costs owing to the discount in FAME II subsidy. However, TVS iQube’s order e-book stays very wholesome. We are already seeing a decide up in gross sales and are assured of continued enchancment in the approaching months.

(*3*)International Business

(*3*)The Company’s whole exports registered gross sales of 79,144 items in June 2023 as in opposition to 114,449 items June 2022. Two-wheeler exports registered gross sales of 68,568 items in June 2023 as in opposition to 100,625 items June 2022.

(*3*)Three-Wheeler

(*3*)Three-wheeler of the Company registered gross sales of 12,010 items in June 2023 as in opposition to 14,786 items June 2022.

(*3*)First Quarter Sales Performance

(*3*)During the primary quarter of the present monetary 12 months, two-wheeler gross sales grew by 7% growing from 8.6 lakh items in the primary quarter FY 22-23 to 9.18 lakh items in the present quarter. Three-wheeler of the Company registered 0.35 items in the present quarter as in opposition to 0.46 lakh items in the primary quarter of FY 22-23.

(*3*)About TVS Motor Company

(*3*)TVS Motor Company is a reputed two and three-wheeler producer globally, championing progress via Sustainable Mobility with 4 state-of-the-art manufacturing services in Hosur, Mysuru and (*22*) in India and Karawang in Indonesia. Rooted in our 100-year legacy of Trust, Value, and Passion for Customers and Exactness, we take satisfaction in making internationally aspirational merchandise of the very best high quality via revolutionary and sustainable processes. We are the one two-wheeler firm to have acquired the distinguished Deming Prize. Our merchandise lead in their respective classes 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 4 years. Our group firm Norton Motorcycles, based mostly in the United Kingdom, is one of probably the most emotive bike manufacturers in the world. Our subsidiaries in the non-public e-mobility area, Swiss E-Mobility Group (SEMG) and EGO Movement have a number one place in the e-bike market in Switzerland. TVS Motor Company endeavours to ship probably the most superior buyer expertise throughout 80 nations in which we function.

For extra info, please go towww.tvsmotor.com.