Bengaluru : TVS Motor Company registered a sales growth of 3% increasing from 308,501 units in June 2022 to 316,411 units in June 2023. Two-Wheeler Total two-wheelers registered a growth of 4% with sales increasing from 293,715 units in June 2022 to 304,401 units in June 2023. Domestic two-wheeler registered growth of 22% with sales increasing from 193,090 units in June 2022 to 235,833 units in June 2023. Motorcycle registered sales growth of 2% with sales increasing from 146,075 units in June 2022 to 148,208 units in June 2023. Scooter sales registered a growth of 11% with sales increasing from 109,878 units in the month of June 2022 to 121,364 units in June 2023.
Electric Vehicles
TVS iQube Electric recorded sales of 14,462 units in June 2023 as against sales of 4,667 units in June 2022. The first two weeks of June witnessed a decline in EV two-wheeler industry sales due to readjustment in prices owing to the reduction in FAME II subsidy. However, TVS iQube’s order book remains very healthy. We are already seeing a pick-up in sales and are confident of continued improvement in the coming months.