Despite the arrival of many new car companies in India, two-wheelers (motorcycles and scooters) remain the preferred choice for people due to traffic conditions. TVS Motor, based in Chennai, is a leading two-wheeler manufacturer in India that also sells its vehicles in other countries. Let's take a look at how many vehicles this company sold in May 2024.
TVS Motor May 2024 Sales Report
The company sold a total of 369,914 vehicles in May 2024. This figure includes both domestic sales in India and exports to other countries, encompassing both two-wheelers and three-wheelers manufactured by the company.
Two-Wheeler Sales
TVS Motors also sells three-wheeler vehicles, although they account for less than 3% of the company's total domestic sales. In May, TVS sold a total of 10,324 three-wheeler vehicles.
Of these, 1,808 units were sold in India, and the remaining 8,516 units were exported to other countries. This indicates that most of the three-wheelers manufactured by TVS are sent outside of India.
TVS Motors saw a decline in two-wheeler sales in May 2024. The company sold a total of 359,590 two-wheelers in May 2024, compared to 374,592 two-wheelers sold in May 2023. Additionally, the company's domestic sales also decreased.
In May 2024, the company exported 88,450 two-wheelers out of its total sales, compared to 73,143 in May 2023. Thus, the company recorded a significant increase in the export of its two-wheelers in May 2024.
It is noteworthy that motorcycles consistently contribute the most to TVS Motor's total sales. In this context, TVS sold a total of 173,627 motorcycles in May 2024. This is an increase compared to the 162,248 motorcycles sold in May 2023.
Along with motorcycle sales, TVS Motor also sold 145,305 scooters in May, which is an increase of 24,149 units compared to May 2023. Additionally, in May 2024, TVS sold 18,674 electric scooters and 40,658 mopeds.
Overall, while TVS Motors' total sales in May 2024 have decreased compared to last year, there has been a significant increase in exports during this period. This growth in exports could be beneficial for the company in the future.
Source: https://hindi.drivespark.com/two-wheelers/2024/tvs-motor-may-2024-sales-report-reveals-mixed-results-with-export-boost-027239.html
By Kuldeep
