TVS iQube Electric is said to be gaining the trust of many and receiving love and support from its customers. With the constant growth of sales, TVS claims to have achieved the milestone of 1,00,000 units. TVS is a well-known brand for the production and distribution of 2-wheelers and 3-wheelers. Its manufacturing facilities are present in Hosur, Mysuru, Nalagarh (India) and Karawang (Indonesia).
In comparison to April 2023 sales, TVS iQube has recorded an uptake by selling additional 4,807 products as compared to April 2022. Due to amendments in the AIS156, the production of TVS was relegated in April 2023. TVS is now prepared to set a growth algorithm for its products from May 2023.
By achieving the sale target of 100,000 units TVS iQube Electric has accounted for sales growth in the Electric two-wheeler industry. In the previous year, TVS managed to sell off 295,308 units in April 2022. At present, with a rise of 4% in sales, has sold 306,224 units by the end of April 2023.
According to statistics, the entire umbrella of the two-wheeler segment has grown by 5%. On one hand, the sale of domestic two-wheeler grew by 29%, the motorcycle segment by 10% and scooter sales recorded a growth of 5%.
When we talk about the exports of TVS, be it for the 2-wheeler or 3-wheeler segment. Overall TVS has recorded a lesser percentage of sales as compared to the previous year. In April 2022, TVS exported 113,427 units and just 71,663 units in the present year by April. In the 2-wheeler segment specifically, in April 2022 exported units come up to 99,489 and 61,830 for April 2023.
Lastly, the 3-wheeler segment of TVS also went downhill by 3,848 products, wherein April 2022 export sales went up to 15,286 units and April 2023 could only export 11,438.
TVS in the 2-wheeler sells products like Apache RR310, RTR 160, TVS iQube, TVS Jupiter, TVS Ntorq, TVS Radeon, TVS Raider, TVS Ronin, TVS Scooty Pep Plus, TVS Zest 110. in the 3-wheeler segment sells off products like TVS Sport, TVS King Deluxe, TVS King Duramax etc.
Also Read: TVS iQube sales cross 1,00,000 unit milestone