“As the availability of semiconductors have supported in reaching a balanced supply chain, the company is now geared up swiftly to meet the festive demand,” TVS Motor said. The total two-wheeler sales saw a growth of 15 per cent in August with the sales increasing to 3,15,539 units from 2,74,313 units sold in same month of last year.
“While some geographies are experiencing economic slowdown and higher inflation, the company is optimistic about the sales momentum returning to normal levels gradually,” it said.
On the performance of exports segment, the company said the total shipment registered sales of 93,111 units in August 2022 as against 1,09,927 units exported in August 2021. Two wheeler exports registered sales of 76,214 units in August 2022 as against 94,314 units made in same month of last year.
Sales of motorcycles grew to 1,57,118 units in August 2022 from 1,33,789 units sold in same month of last year while scooter sales breached one lakh units mark with 1,21,866 units as against 87,059 units sold in August 2021.
The company said with positive market sentiment and with the upcoming festive season, it was optimistic about the demand in domestic two-wheeler market.
The three-wheelers business grew by 11 per cent in August 2022 with 18,248 units being sold as against 16,381 units sold in August 2021.
The company said it sold 4,418 units of TVS iQube Electric scooter in August 2022 as compared to 649 units made in August 2021.
“TVS iQube Electric continue to garner great response from customers, showcasing a strong consolidated sales growth, with a positive future demand pool,” the company said.
(With PTI inputs)
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