TVS Motor registers 31% surge in November sales, dispatching 3,64,231 units

TVS Motor has reported 31% increase in total dispatches for November 2023, reaching 3,64,231 units. This marks a significant growth compared to the 2,77,123 units sold in November 2022, as disclosed by the company in a recent statement.

The two-wheeler's sale reached 3,52,103 units in November 2023, reflecting a notable 34% increase from the 2,63,642 units sold in the corresponding month last year. The company experienced a growth of 50% to 2,87,017 units in November 2023, compared to 1,91,730 units in November 2022.

Breaking down the two-wheeler category, motorcycles posted a 19% growth, reaching 1,72,836 units last month compared to 1,45,006 units in November 2022. Meanwhile, scooter sales skyrocketed by an 62%, hitting 1,35,749 units in November 2023, up from 83,679 units in the same month last year.

TVS Motor Co also reported strong sales of its iQube electric scooter, with 16,782 units sold in November 2023, a notable increase from the 10,056 units sold a year ago. In the three-wheeler segment, sales totaled 12,128 units in November 2023, slightly down from 13,481 units in November 2022.

While total exports dipped to 75,203 units in November 2023 from 84,134 units in the corresponding month last year, the overall performance underscores TVS Motor Company's resilience and continued success in the market.

(With input from PTI)