TVS Motors reports sales of 302,982 units in May 2022

1 Jun 2022 , 03:22 PM

TVS Motor Company Limited announced sales of 302,982 units in May 2022.

The year-on-year growth is not comparable due to the low base of sales in May 2021 because of the localized lockdown imposed by the Government of India during the period under consideration.

Total two-wheelers sales jumped from 154,416 units in May 2021 to 287,058 units in May 2022. Domestic two-wheeler sales increased from 52,084 units in May 2021 to 191,482 units in May 2022.

Company’s motorcycle sales grew from 125,188 units in May 2021 to 148,560 units in May 2022. The company reported a jump in Scooter sales from 19,627 units in May 2021 to 100,665 units in May 2022.

The Company’s total export sales stood at 110,245 units in May 2022 as compared to 114,674 units in May 2021.

Two-wheeler exports logged sales of 95,576 units in May 2022 against 102,332 units in May 2021.

Three-wheeler exports of the Company registered a growth of 28% from 12,473 units in May 2021 to 15,924 units in May 2022.

Company’s domestic two-wheeler sales include TVS iQube Electric sales of 2,637 units in May 2022.

TVS Motor Company is currently trading at Rs736.30 down by Rs0.3 or 0.04% from its previous closing of Rs736.60 on the BSE. The scrip touched intraday high and low of Rs741.50 and Rs728.30 respectively.