TVS Motor Company Records 4% Sales Growth in April 2023

TVS Motor Company has released its sales numbers for April 2023. Last month, the company's sales increased 4% year-over-year and declined 3.45% month-over-month. Let's take a closer look at the previous month's detailed sales report.

The overall sales of the TVS Motor Company rose to 3,06,224 units in the previous month, as opposed to 2,95,308 units at the same time in 2022, resulting in a 4% increase. Also, compared to April 2022, the total two-wheeler sales of the company increased by 5% to 2,94,786 units last month, with domestic sales growing by 23% to 2,32,956 units from 1,80,553 units. Exports-wise, the company reported that last month's overseas shipments stood at 71,663 units, compared to April 2022's 113,427 units. It further announced that the two-wheeler exports, however, totaled 61,830 units, down from 99,489 units the same month last year, denoting a 37.85% YoY decrease. Here's a detailed report on last month's sales figures for the company.

Also Read: Hero Xoom vs TVS Ntorq: David vs Goliath

TVS Motor April Sales 2023

In April 2023, the company's sales increased 4% year-over-year and declined 3.45% month-over-month. According to the firm, the TVS iQube experienced phenomenal demand, and its sales surpassed the significant threshold of 1 lakh units. As far as motorcycle sales are concerned, the company recorded a 9.59% YoY growth to 1,52,365 units in April 2023 from 1,39,027 units sold in April 2022. According to the firm, positive results were seen in MoM sales. The month-over-month sales increased by 7.87% over the 1,41,250 units sold in March 2023.

In the scooters segment, the year-over-year sales increased to 1,07,496 units, up 5.17% from the 1,02,209 scooters sold in April 2022. However, compared to the 1,28,817 units sold in March 2023, MoM sales fell by 16.55%.

Sales of electric scooters also boosted by 338.52% year-over-year. In this market, the iQube EV had sales of 6,227 units, an increase from just 1,420 units in April 2022. The MoM sales, on the other hand, decreased by 59.47% from 15,364 units sold in March 2023.

Also Read: Top Electric Scooters Under Rs 1 Lakh in India: Ola S1, TVS iQube, Ather 450X & More

TVS Raider Single-Seat Variant Launched in India

TVS Motor Company introduced the new Raider motorcycle with a single seat for the Indian market. There is only one Striking Red paint scheme choice for the TVS Raider single-seat commuter bike. At Rs 93,719 (ex-showroom), the new base model Raider is Rs 1,000 less expensive than the split-seat model and Rs 7,000 more affordable than the top-spec variant. For the uninitiated, the split-seat model costs Rs 94,719, and the SmartXonnect version retails at Rs 1.01 lakh in our market. Both are ex-showroom prices.