TVS has recorded a healthy sales growth for September 2023. The company managed to sell 402,553 units of two-wheelers, EVs, and CVs, registering an overall growth 6% from its score in the same month last year.
Motorcycles remain the higher selling item on their portfolio with 1,86,438 units sold, compared to 1,55,526 scooters sold in September. Both departments have reported a positive 10% and 8% growth respectively. Even for that matter, the iQube Electric, TVS’ sole electric scooter offering currently, has done handsomely well given the constantly fluctuating EV subsidy laws and price revisions. 20,356 iQubes were sold and we expect this number to rise in the coming few months.
With the festive period coming in thick and fast as well as TVS’ Moto Soul 3.0 festival on the horizon, we can expect the Hosur-based bike maker to perform well and end the year strongly.
