TVS Motor Company’s Sales Grow By 25% in December 2023

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TVS Motor Company
TVS Motor Company

BENGALURU: TVS Motor Company, a leading two and three-wheeler manufacturer globally, has recorded a monthly sales growth of 25% in December 2023. The company sold 301,898 units in December 2023, compared to 242,012 units in December 2022. The total two-wheeler sales registered a growth of 27%, with domestic two-wheeler sales increasing by 33%. Motorcycle sales grew by 19%, while scooter sales increased by 34%. The company’s electric vehicle sales remained steady, with 11,232 units sold in December 2023.

The company’s international business also showed positive growth, with total exports increasing by 8% in December 2023. The two-wheeler exports registered a growth of 13%, with sales increasing from 66,297 units in December 2022 to 75,076 units in December 2023. The markets in IB have shown positive growth, and the momentum is expected to further improve.

During the third quarter of the current financial year, two-wheelers posted a robust growth of 27%, with sales of 10.6 lakh units. The three-wheeler sales of the company registered sales of 0.38 lakh units in the third quarter of the current year.

TVS Motor Company is rooted in its 100-year legacy of trust, value, and passion for customers. The company takes pride in making internationally accepted products of the highest quality through innovative and sustainable processes. TVS Motor is the only two-wheeler company to have won the prestigious Deming Prize. The company’s products lead in their respective categories in the J.D. Power IQS and APEAL surveys. The company has been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for four consecutive years.

TVS Motor Company’s sales growth in December 2023 is a testament to the company’s commitment to delivering superior customer experience across the 80 countries in which it operates. The company’s sustainable mobility solutions and innovative processes have helped it maintain its position as a leading two and three-wheeler manufacturer globally.

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