HomeNewsTVS Motor November Sales Registers 31% Hike

TVS Motor November Sales Registers 31% Hike

TVS Motor November sales in 2023 increased by 31% to 3,64,231 units. In comparison to the 2,77,123 units sold in November 2022, as revealed by the firm in a recent announcement, this is a notable increase.

In November 2023, sales of two-wheelers reached 3,52,103 units, a significant 34% increase over the 2,63,642 units sold in the same month the previous year. From 1,91,730 units in November 2022 to 2,87,017 units in November 2023, the company saw a 50% gain.

TVS Motor Sales November 2023

In the two-wheeler segment, motorcycles had a 19% increase, moving from 1,45,006 units in November 2022 to 1,72,836 units last month. In the meantime, scooter sales surged by 62%, from 83,679 units in November of last year to 1,35,749 units in November of 2023.

TVS Motors Electric Sales

Strong sales of TVS Motor Co.’s iQube electric scooter were also recorded. In November 2023, 16,782 units were sold, a significant rise over the 10,056 units sold the previous year. Sales of three-wheelers decreased little from 13,481 units in November 2022 to 12,128 units in November 2023.

Even though total exports decreased to 75,203 units in November 2023 from 84,134 units in the same month the previous year, the overall result highlights TVS Motor Company’s tenacity and ongoing market success.

Also Read: Maruti Suzuki sells 1,99,217 units in a month, setting a record.

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