TVS Motor Company has reported robust sales performance for their scooters and motorcycles in September 2023
In the domestic market, TVS registered a total of 3,00,493 unit sales in September 2023, reflecting a remarkable growth of 5.85% compared to the same month in the previous year. The standout performers in the domestic portfolio were:
TVS Sales Breakup Sep 2023 – Domestic Market
TVS Jupiter continued its dominance with 83,130 units sold in September 2023, a marginal increase of 0.89% over the same period in 2022. The scooter maintained its position as the highest-selling model in the TVS lineup, with a market share of 27.66%.
TVS Raider made a significant impact by selling 48,753 units, marking a remarkable growth of 123.99% compared to September 2022. This tremendous surge in sales propelled Raider to the second position in the domestic chart, capturing a 16.22% market share. TVS iQube, the electric scooter, continued its impressive run, with sales surging to 20,276 units, an astounding 311.86% YoY growth. iQube secured a 6.75% market share, reflecting the growing interest in electric mobility.
On the international front, TVS Motor Company showcased a strong presence, with export sales totaling 84,950 units in September 2023. This represents a notable 10.92% increase compared to the same month last year. The top-performing exports for TVS included:
TVS Exports Breakup Sep 2023
TVS Star City 125 led the export segment with 36,988 units sold, demonstrating a robust 26.86% growth year-on-year and a commanding 43.54% market share. Star City also contributed significantly to exports, with 16,466 units sold, a growth of 29.95% YoY and a 19.38% market share.
Ntorq exhibited impressive export figures by selling 6,506 units, reflecting a remarkable 125.59% YoY growth and a 7.66% market share. The company’s continuous expansion in international markets and the introduction of electric scooters played a pivotal role in the export growth.
The September 2023 sales data for TVS scooters and motorcycles clearly demonstrates the company’s ability to adapt to changing market dynamics and consumer preferences. With the resurgence of Raider, the steady performance of Jupiter, and the impressive growth of electric offerings like iQube, TVS Motor Company is well-positioned to maintain its competitive edge in the Indian two-wheeler market.
Furthermore, their strong presence in international markets, exemplified by the impressive export figures, reaffirms their commitment to global expansion and diversification. As the automotive industry continues to evolve, TVS remains a key player, offering a wide range of options to meet the varying needs of consumers both in India and abroad.
Source: Bike - rushlane.com
