The homegrown two-wheeler manufacturer TVS Motor has been witnessing decent sales for the past few months. The company has reported that it has registered a sales growth of 9% increasing from 302,982 units in the month of May 2022 to 330,609 units in May 2023. While Domestic two-wheeler has seen a growth of 32% with sales increasing from 191,482 units in May last year to 252,690 units in May 2023.
As far as the EV sales are concerned, TVS iQube Electric sold 17,953 units in May 2023, which is the highest as compared to the last year when the company just managed to sell only 2,637 units in May. The company has reported that the TVS iQube has been getting a healthy booking pipeline, and they are confident of enough to continue the improvement of supplies in the upcoming months.
TVS Motors Three-Wheeler Business
When it comes to three-wheeler, the brand has registered sales of 11,314 units in May 2023, better figures than last year, when only sold 15,924 units in May 2022.
Sales figures in the International market
Meanwhile, In May 2023, the Company’s total exports were 76,607 units, compared to 110,245 units in May 2022. Two-wheeler exports totaled 66,605 units in May 2023, down from 95,576 units in May 2022.
Meanwhile, the business raised the price of the iQube from Rs 17,000 to Rs 22,000, depending on the model from June 1. In Delhi, the basic and S trims of the TVS iQube were originally priced at Rs 1.06 lakh and 1.16 lakh, respectively. The price increase follows the government’s reduction of the subsidy rate under the FAME-II plan.
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