TVS Motor has introduced its gross sales consequence for the month of Could. The auto firm registered 9% year-on-year progress in Could 2023 promoting 3,30,609 models towards the three,02,982 models in Could 2022.
The corporate registered a progress of 11% within the two-wheeler phase with gross sales growing from 287,058 models in Could final yr to three,19,295 models in Could 2023. Home two-wheeler registered progress of 32% with gross sales growing from 1,91,482 models in Could 2022 to 2,52,690 models in Could this yr.
TVS Motor bought 1,62,248 models of bike in Could 2023, registering a progress of 9% from 1,48,560 models in the identical month final yr. Equally, scooter gross sales registered a progress of three% this Could. The corporate bought 1,03,203 models in Could 2023 in comparison with 1,00,665 models within the month of Could 2022.
Within the electrical car phase, TVS iQube electrical recorded gross sales of 17,953 models in Could 2023 as towards gross sales of two,637 models in Could final yr.
In an announcement, the corporate says that TVS iQube has a wholesome reserving pipeline of over 30,000 models and “we’re assured of continued enchancment of provides within the coming months.
By way of exports, TVS Motor exported 76,607 models in Could 2023 as towards 1,10,245 models Could 2022. The decline was additionally registered in export of two-wheelers, registering gross sales of 66,605 models in Could 2023 as towards 95,576 models Could 2022.
The corporate bought 11,314 models of three-wheeler in Could 2023 as towards 15,924 models in Could 2022.
Beginning June 1, the corporate additionally elevated the value of iQube between ₹17,000 and ₹22,000 vary relying on the variant. TVS iQube base and S trims had been beforehand priced at ₹1,06,384 and ₹1,16,886, respectively in Delhi. The worth hike comes after the federal government decreased the subsidy charge beneath the FAME-II scheme.
Up to date: 01 Jun 2023, 06:16 PM IST