TVS Motor Company sales increase 22% in June 2022
Hosur, Tamil Nadu, India (NewsSee) TVS Motor Company posted 22% growth in June 2022 with sales of 308,501 units compared to 251,886 units in June 2021.
Total two-wheelers recorded 23% growth in June 2022, with sales increasing from 238,092 units in June 2021 to 293,715 units in June 2022. Domestic two-wheelers recorded 33% growth with sales increasing from 145,413 units in June 2021 to 193,090 units in June 2022.
Motorcycles recorded sales of 146,075 units in June 2022 compared to 146,874 units in June 2021. The Company’s scooter sales increased from 53,956 units in June 2021 to 105,211 units in June 2022.
The shortage of semiconductor supplies has impacted the production and sales of high-end two-wheelers. We are actively working with alternative sources and making every effort to improve supplies as soon as possible. An improvement was noted this month. We are optimistic that volumes will return to normal levels as semiconductor supplies continue to improve.
International trade The company’s total exports increased by 8%, from 106,246 units in June 2021 to 114,449 units in June 2022. Two-wheeler exports increased by 9%, from 92,679 units in June 2021 to 100,625 units in June 2022.
The Company’s three-wheeler sales increased by 7%, from 13,794 units in June 2021 to 14,786 units in June 2022.
Electric Vehicle National two-wheeler sales include TVS iQube Electric sales of 4,667 units in June 2022. This is the highest ever TVS iQube Electric sales and sales are up 77% from May 2022.
First Quarter Sales Performance In the first quarter of the current fiscal year, sales of two-wheelers increased by 39% from 6.2 lakh units in the first quarter of FY21-22 to 8.6 lakh units in the current quarter. The company’s three-wheeler recorded an 18% growth from 0.39 lakh units in the first quarter of FY21-22 to 0.46 lakh units in the first quarter of the current year.
About TVS Motor Company TVS Motor Company is a globally renowned manufacturer of two and three wheelers, championing progress through sustainable mobility with four state-of-the-art manufacturing plants in Hosur, Mysuru and Nalagarh India and Karawang in Indonesia. Rooted in our 100-year heritage of trust, value, and passion for customers and accuracy, we pride ourselves on manufacturing the highest quality, internationally aspirational products through innovative and sustainable processes. We are the only two-wheeler company to have received the prestigious Deming Award. Our products lead their respective categories in the JD Power IQS and APEAL surveys. We’ve been ranked the #1 company in JD Power’s Customer Service Satisfaction Survey for four consecutive years. Our UK based Norton Motorcycles group company is one of the most emotive motorcycle brands in the world. Our subsidiaries in the field of personal electric mobility, Swiss E-Mobility Group (SEMG) and EGO Movement, occupy a leading position in the e-bike market in Switzerland. TVS Motor Company strives to provide the most superior customer experience in the 80 countries in which we operate.
For more information, please visit www.tvsmotor.com.
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