Auto Sales June 2023: TVS Registers 3 Per Cent Growth In Sales

Indian two-wheeler manufacturer, TVS Motor Company, has registered a 3 per cent growth overall for the month of June. Compared to 308,501 units in June 2022, the brand managed to sell 316,411 units in June 2023. Moreover, the company witnessed a 4 per cent growth in two-wheeler sales for the same period, with 304,401 units of total two-wheelers sold in June 2023. Comparatively, the brand saw a year-on-year increase of 10,686 units sold in the same period.

Here is a segment-wise breakdown of sales. TVS managed to sell 148,208 motorcycles in June 2023, corresponding to 146,075 units in June 2022, marking a 2 per cent growth. On the other hand, scooters registered a positive growth of 11 per cent with numbers increasing from 109,878 units in June 2022 to 121,364 units in the corresponding month this year. The brand’s three-wheelers registered sales of 12,010 units in June 2023, marking a 20 per cent growth as compared to the same month last year.

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With the TVS iQube being the only EV offering, the e-scooter registered sales of 14,462 units in June 2023 as compared to sales of 4,667 units corresponding month last year. As as result, reporting a substantial year-on-year growth of 102 per cent. However, the company also witnessed a drop in EV two-wheeler sales due to price adjustments caused by the reduction in FAME II subsidies.

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The company’s cumulative exports registered sales of 79,144 units in June 2023, compared to 114,449 units in June 2022. In the first quarter of this year, sales of two-wheelers increased by 7 per cent, reaching 9.18 lakh units from 8.6 lakh units in the same month last year.