TVS Motors' sales decline 3.58% to 2,42,012 units in December; stock slips ~2%

2 Jan 2023 , 01:55 AM

TVS Motor Company sold 242,012 units in December 2022, compared to 250,993 units in December 2021, down by 3.58% yoy.

Total two-wheeler sales in December 2022 were 227,666 units, as compared to 235,392 units in December 2021. Domestic two-wheeler sales increased by 10%, from 146,763 units in December 2021 to 161,369 units in December 2022, stated the company in its media release.

Motorcycle sales were 124,705 units in December 2022, compared to 133,700 units in December 2021. Scooter sales increased by 14%, from 67,533 units in December 2021 to 76,766 units in December 2022.

TVS iQube Electric has maintained its momentum, selling 11,071 units in December 2022, thanks to a strong order book and growing acceptance of electric mobility. TVS iQube Electric sold 11,071 units in December 2022, compared to 1,212 units in December 2021.

In December 2022, the company’s total exports sold 79,402 units, as compared to 103,420 units in December 2021. In December 2022, two-wheeler exports totaled 66,297 units, down from 88,629 units in December 2021.

The company’s three-wheeler sold 14,346 units in December 2022, compared to 15,541 units in December 2021.

At around 1.52 PM, TVS Motor was trading 2.08% lower at Rs1,066 apiece, against the previous close of Rs1,085.40 on NSE.

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