TVS Motor Company announces its sales report for January 2022. The two-wheeler manufacturer registered a total sales of 2,66,788 units for the given period. The same for January 2021 stood at 3,07,149 units. Various constraints like the rise in Covid cases and the sporadic supply in semiconductor chips is acting as negative factors for sales. TVS recently tied up with Swiggy to deploy its electric scooter in the delivery fleet. This helps both the companies to achieve their sustainable and comprehensive solutions. Given the rising demand for electric vehicles in the country, TVS will add more EVs to its portfolio. Currently, the two-wheeler maker has the iQube as the only offering. The scooter retails at an ex-showroom price of INR 1,00,777, including all subsidies.
Detailed Sales Analysis
Two-Wheeler Segment
In this segment, the two-wheeler manufacturer posted a total sales of 2,54,139 units for the given period. Meanwhile, for January 2021, the figure stood at 2,94,596 units. In the domestic market, the sales figure stood at 1,67,795 units for January 2022, as against 2,05,216 units for the same period last year. Motorcycles contributed 1,37,360 units for January 2022, up from 1,36,790 units for January 2021. Scooters registered around 80,580 units for the given period.
Meanwhile, for January 2021, the figure stood at 98,319 units. TVS reiterated the issues concerned with the shortage of semiconductors chips. And the company has confirmed that this will improve in the coming months.
International Business
In the overseas market, TVS exported a total of 97,858 units for January 2022, down from 1,00,926 units for January 2021. The Two-wheeler export figure stood at 86,344 units for the given period while the figure for last year was 89,380 units. TVS has its presence in over 70+ countries, which talks volumes of what the company can achieve. Furthermore, TVS is also the only two-wheeler company to have received the prestigious Deming Prize. Taking forward the legacy of the brand, TVS will add new products to its portfolio.
Also Read: TVS & Swiggy join hands to accelerate electrification.
