In India, TVS Motor Company is a major player in the two-wheeler industry. It offers a wide range of products, from performance items to reasonably priced ones. The company offers three-wheelers in addition to two-wheelers for sale. November has been a successful month for the company in terms of revenue, with a documented increase in sales. After selling a total of 2,77,123 cars in November of last year (2022), TVS Motor Company’s total sales grew by 31% year over year to reach 3,64,231 units in November of 2023.
TVS Motor Company reports
that sales of its two-wheelers (bikes, scooters, and mopeds) grew by 34% to 3,52,103 units in November, a 30-day month, compared to 2,52,103 units in November 2022. was sixty-three,642 units. From 1,91,730 units in November 2022 to 2,87,017 units in November, the domestic two-wheeler market had a 50% rise in sales.
TVS Motor Company reported a 19% rise in motorcycle sales,
from 1,45,006 units in November 2022 to 1,72,836 units in November 2023. Concurrently, scooter sales surged by 62 percent annually to 1,35,749 units in November 2023, compared to 83,679 units during the same period in the previous year.
Three-wheeler exports and sales declined.
Sales of two-wheelers, whether they be motorcycles or scooters, have increased for TVS Motor Company. Nevertheless, sales and overall exports of its three-wheelers have decreased. TVS Motor reports that, on an annual basis. Three-wheeler sales fell to 12,128 units (in November 2023) from 13,481 units (in November 2022). Apart from this, the company’s overall November shipments decreased to 75,203 units from 84,134 units in the same month the previous year.
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