TVS Motor Company has announced a significant increase in total dispatches for November 2023, with a 31% rise to 3,64,231 units compared to 2,77,123 units in November 2022. This growth comes as two-wheeler sales reached 3,52,103 units, up 34% from the same period last year. Domestic two-wheeler sales also showed strong growth, increasing by 50% to 2,87,017 units.
The motorcycle segment saw a 19% increase with 1,72,836 units sold, while scooter sales jumped by 62% to 1,35,749 units. Notably, TVS Motor Co reported sales of 16,782 units of iQube electric scooters in November 2023, compared to 10,056 units in the previous year.
However, three-wheeler sales experienced a slight decline, dropping to 12,128 units from 13,481 units in November 2022. Additionally, total exports were lower at 75,203 units in November 2023 compared to 84,134 units in the same month last year, according to the company. These results suggest robust growth and performance for TVS Motor Company as it continues to strengthen its position in the market.
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