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TVS sold 3,33,787 two-wheelers in August 2022

TVS Motor Company has reported its sales growth for August 2022. The two-wheeler registered a growth of 15 per cent in August 2022 with sales of 3,33,787 units. The same for last year, i.e. August 2021, stood at 2,90,694 units.  

Two-Wheeler

In the two-wheelers segment, TVS registered a growth of 15 per cent in August 2022. The sales increased from 2,74,313 units in August 2021 to 3,15,539 units in August 2022. Additionally, domestic two-wheeler registration grew to 33 per cent. The figure rose from 1,79,999 units in August 2021 to 2,39,325 units in August 2022.

 Motorcycles attributed to a growth of 17 per cent. The sales here increased from 1,33,789 units in August 2021 to 157,118 units in August 2022. Scooters contributed to a growth of 40 per cent. The sales figure grew from 87,059 units in August 2021 to 1,21,866 units in August 2022. 

 With positive market sentiments in the post-Covid-19 world and the upcoming festive season, TVS is optimistic about the demand. As the availability of semiconductors has also improved, there’s now a balance in the supply chain. Thus, TVS is fully prepared to meet the festive demand. 

 International Business

The company’s total exports rose to a total of 93,111 units in August 2022. The same for last year stood at 1,09,927 units. However, two-wheeler exports dropped to 76,214 units in August 2022 as against 94,314 units in August 2021. 

 Three-Wheeler

As for three-wheeler sales, the figure grew from 16,381 units registered in August 2021 to 18,248 units in August 2022. Thus, resulting in a growth of 11 per cent.

 Electric Vehicle

The newly launched variants of the electric scooter, TVS iQube Electric, are also garnering significant sales. This showcases strong consolidated sales growth with a positive future demand pool. TVS sold 4,418 units of TVS iQube Electric in August 2022, up from 649 units in August 2021.

 New Initiative

TVS recently also announced an investment in Formula-1 Racer Narain Karthikeyan’s start-up – DriveX. The main aim is to enable innovative solutions to scale-up offerings in the pre-owned multi-brand two-wheeler space in India. 

Also Read: Is this the 2023 TVS Apache 160cc motorcycle?

 

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AnantaSaranNayak