TVS Motor Company Sales Grows By 13 Percent In July 2022
TVS Motor Company registered a growth of 13 percent in July 2022 with sales of 314,639 units as against 278,855 units in the month of July 2021.
Total two-wheelers registered a growth of 14 percent in July 2022 with sales increasing from 262,728 units in July 2021 to 299,658 units in July 2022. Domestic two-wheeler registered growth of 15 percent with sales increasing from 175,169 units in July 2021 to 201,942 units in July 2022.
Motorcycle registered a growth of 8 percent with sales increasing from 138,772 units in July 2021 to 150,340 units in July 2022. Scooter registered a growth of 49 percent with sales increasing from 73,811 units in July 2021 to 110,196 units in July 2022
The Company has invested in strategic relationships and action plans for the supply of semiconductors and the efforts are yielding results with improvements seen this month as well. We are very confident of the supplies improving further.
The Company’s total exports grew by 9 percent from 103,133 units in July 2021 to 112,032 units in July 2022. Two-wheeler exports grew by 12 percent from 87,559 units in July 2021 to 97,716 units in July 2022.
Three-wheeler of the Company registered sales of 14,981 units in July 2022 as against sales of 16,127 units in July 2021.
The newly launched three versions of TVS iQube Electric have received a very good response with customers welcoming the product and liking its features. The future demand outlook is very positive. Efforts on increasing the capacity and delivery are showing results, and against a monthly average sale of 2,908 units in Q1 2022, the company sold 6,304 units of TVS iQube Electric in July 2022.
About TVS Motor Company
TVS Motor Company is a reputed two and three-wheeler manufacturer globally, championing progress through Sustainable Mobility with four state-of-the-art manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. Rooted in our 100-year legacy of Trust, Value, and Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the J.D. Power IQS and APEAL surveys. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years. Our group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Our subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland. TVS Motor Company endeavours to deliver the most superior customer experience across 80 countries in which we operate.