KEY HIGHLIGHTS
- Two-wheeler segment rose by 34%, domestic by 50%
- Electric vehicle sales surged to 16,782 units
- International business exports at 75,203 units
- Three-wheeler sales reached 12,128 units
TVS Motor Company stands tall in the automotive world. In a recent update, the company proudly announced significant growth in its monthly sales, reaching a whopping 364,231 units in November 2023. This marks a remarkable 31% increase compared to the 277,123 units recorded in the same month last year. It's like TVS Motor Company is racing ahead on the road to success!
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TVS Motor Company Reports Robust 31% Sales Growth
In November 2023, the total number of two-wheelers sold shot up by an impressive 34%, going from 263,642 units in November 2022 to a whopping 352,103 units. When we look at two-wheelers sold within the country, there was an even more eye-catching increase of 50%, jumping from 191,730 units in November 2022 to 287,017 units in November 2023.
Now, breaking it down further, the motorcycles also saw good growth of 19%, moving from 145,006 units in November 2022 to 172,836 units in November 2023. On the other hand, scooters really stole the spotlight with an incredible 62% growth, selling 135,749 units in November 2023 compared to 83,679 units in November 2022.
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Switching gears, the three-wheelers from the company sold 12,128 units in November 2023, slightly less than the 13,481 units in the same month the previous year. Looking at these numbers, it's like the two-wheelers are on turbo mode, especially scooters, which seem to be zooming ahead. The three-wheelers are holding steady, and it's fascinating to see this growth unfold in the sales figures.
In the electric vehicle department, TVS Motor Company sold 16,782 units in November 2023, up from 10,056 units in November 2022, and it looks like people are still excited about getting the TVS iQube. On the global front, the company exported a total of 75,203 units in November 2023, a tad less than the 84,134 units in November 2022. Two-wheeler exports specifically were at 65,086 units in November 2023, compared to 71,912 units in November 2022. It seems like customers in international markets are still loving what TVS has to offer.
Verdict
The surge in domestic two-wheeler sales, coupled with significant gains in the electric vehicle segment, underscores the brand's adaptability to evolving market demands. While international exports experienced a minor dip, the overall performance signals resilience. Stay up to date with all the automotive news and updates by joining our 91Wheels Whatsapp Group today!
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