TVS Motor Company reports 13% growth in July sales

TVS Motor last month saw exports of 112,032 units in July 2022, up 9% from 103,133 units in July 2021.

By :
HT Auto Desk

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Revised:
01 Aug 2022, 17:17 PM

The TVS iQube electric scooter sold 6,304 units last month, and a monthly average of 2,908 units in the first quarter of 2022.
The TVS iQube electric scooter sold 6,304 units last month, and a monthly average of 2,908 units in the first quarter of 2022.

TVS Motor Company registered a growth of 13% with sales of 314,639 units last month as compared to 278,855 units sold in the month of July 2021. The company sold a total of 299,658 units of two-wheelers last month, showing a growth of 14%. Sales are increasing from 262,728 units in July of 2021. Its domestic two-wheelers last month registered a growth of 15% to 201,942 units from 175,169 units in July of 2021.

The company’s motorcycle portfolio registered a growth of 8% with sales of 150,340 units in July 2022 from 138,772 units in July 2021. Its scooter portfolio registered a growth of 49% with sales of 110,196 units in July from 73,811 units in July 2021. 2022.

(Also Read | TVS Motor registers highest ever revenue with over nine lakh units sold in Q1)

TVS Motors last month sold 14,981 three-wheelers against 16,127 units sold in July 2021. The company’s only electric offering, the TVS iQube e-scooter, saw sales of 6,304 units last month, registering a monthly average. of 2,908 units in Q1 2022.

The electric scooter has received a very good response and its future demand outlook is also looking positive. The company said in a statement that its efforts to increase capacity and deliveries are showing results.

TVS Motor last month saw exports of 112,032 units in July 2022, up 9% from 103,133 units in July 2021. Its two-wheeler exports grew by 12% from 87,559 units in July 2021 to 97,716 units in July 2022.

In a separate development, the TVS Ronin motorcycle has leaked online ahead of its debut. Visually, this cruiser looks chunky and muscular. When launched, it will take on rivals like the KTM 250s, Bajaj Pulsar 250s and Husqvarna 250s. The motorcycle comes with a retro-themed scrambler-like appearance.

First published date: 01 Aug 2022, 17:14 PM IST

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