TVS Motor Reports February Sales: Semiconductor Shortages Impact Two-Wheeler Figures

1 Mar 2024 , 04:14 PM

TVS Motor Company recorded total sales of 281,714 units in February 2022, combining two-wheelers and three-wheelers, compared to 297,747 units in the same month last year.

Total two-wheeler sales witnessed a 6% decline, reaching 267,625 units in February 2022, down from 284,581 units in February 2021. Domestic two-wheeler sales experienced an 11% drop to 173,198 units in February 2022, compared to 195,145 units in February 2021.

Motorcycle sales, however, saw a 5% growth, rising from 137,259 units in February 2021 to 143,523 units in February 2022. Scooter sales declined by 9%, totaling 86,616 units in February 2022, down from 95,525 units in February 2021, attributed to semiconductor supply shortages.

Document Type	Salaried	Self-Employed
Salary Slip/ Certificate	Yes	No
Form 16/ ITR	Yes	Yes
Bank Statement	Yes	Yes

 

TVS Motor anticipates an improvement in semiconductor supply in the coming months. The company’s total exports increased by 6%, reaching 107,574 units in February 2022, up from 101,789 units in February 2021.

Two-wheeler exports also grew by 6%, from 89,436 units in February 2021 to 94,427 units in February 2022. Three-wheeler sales demonstrated a 7% growth, rising from 13,166 units in February 2021 to 14,089 units in February 2022. Domestic three-wheeler sales reached 942 units in February 2022, compared to 813 units in February 2021, and 13,147 units were exported in February 2022, up from 12,353 units in February 2021. The three-wheeler sector, severely affected by the pandemic, continues to face challenges.

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