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      Suzuki 2W Sales June 2022 – Gixxer, Access, Burgman, Avenis

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      Suzuki Two Wheeler YoY domestic sales up at 53k units – growth reported for June 2022, MoM sales declineImage – SouRik MotoworldThrough H1 2022, Suzuki 2W continues to improve on the sales front. For June 2022, the company reports domestic sales at 52,929 units. Owing to low base sales a year earlier, sales growth stood at a noticeable 30.77 percent, up from 40,474 units. Volume gain stood at 12,455 units.Of the manufacturer’s total business in India, domestic sales dominate at over three quarters of total business. Exports accounted for 22 percent of total business volume last month. Suzuki 2W exports are reported at 15k units in June 2022. Up from 9,188 units YoY, volume gain stood at 5.9k units. Sales growth stood at 64.23 percent. Total sales last month were reported at 68k units, up from 49,662 units. Volume gain stood at 18,356 units at 37 percent growth.Suzuki Q1 and Q2 2022 salesMoM domestic sales however were on a decline. Sales fell from 60,518 units to a 12.54 percent decline. Volume loss stood at 7,589 units. Exports improved by more than a third, up from 11k units. Volume gain stood at just over 4k units. Total sales fell from 71,526 units at volume loss of 3.5k units to a 4.9 percent decline.Total domestic sales in Q2 2022 stood at 1,67,774 units up from 1,16,866 units sold in Q2 2021. The large volume gap, and consequent recovery is attributed to low base sales a year ago. In curbing the spread of Covid-19 a year earlier, businesses were required to pare down on ops. Through Q1 2022, Suzuki 2W domestic sales were reported at 1,69,960 units, down from 1,76,756 units. Volume loss stood at 6,796 units at 3.84 percent sales decline.Suzuki 2W Sales June 2022 and Q2 2022Suzuki India a big marketWhile Suzuki two wheelers isn’t a top manufacturer in India, possibilities here are endless. And Suzuki has continually improved its position. It now sells more two-wheelers in the domestic market than Royal Enfield and Yamaha Motor India.And while volumes here may appear to be trailing the top three by a wide margin, for Suzuki, the Indian two wheeler market is its biggest. And Suzuki is intent on further improving its position and market share. Where vehicles are concerned, the Indian two-wheeler industry is huge. An iMarc report put Indian two wheeler market volume at 15.2 mill units in 2021. And growth is foretold in the next 5 years. This aligns well with Suzuki two wheelers growth plans.Demand growth for Suzuki two wheelersSatoshi Uchida, Managing Director, Suzuki Motorcycle India Pvt Ltd. said, “In June 2022, we successfully registered an overall sales of 68,018 units, which translated into a Year-on-Year sales growth of 37%. This consistent sales performance is the result of growing demand for Suzuki two-wheelers in India and in the overseas markets.As a responsible company, we remain committed to delivering quality products to all our customers. We are grateful to all our customers, dealer partners and staff members for their continuous support and belief in the brand, Suzuki.” More

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      Honda Sales June 2022 – Activa, Dio, CB350, Unicorn, Grazia

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      Honda two wheeler YoY domestic sales in June 2022 reported at growth, MoM sales too in the greenImage for reference.In June 2022, Honda domestic sales were reported at 3,55,560 units, up from 2,12,453 units YoY. Volume gain stood at 1,43,107 units at 67.36 percent growth. Honda’s domestic business is so large it accounts for over 90 percent of total business volume. Exports last month rose to 28,322 units from 20,044 units.Volume gain stood at 8,278 units at 41.30 percent growth. Total sales were up at 3,83,882 units from 2,32,497 units. Volume gain stood at 1,51,385 units at 65.11 percent growth. The YoY period up for comparison though isn’t without incident. A year earlier, businesses functioned at limited capacity in accordance with local rulings in a bid to curb the spread of Covid-19.Sales growth in Q2 2022MoM domestic sales are up from 3,20,844 units at volume gain of just under 35k units. Sales growth stood at 10.82 percent. Exports fell from 32,344 units at volume loss of 4k units. Sales decline is reported at 12.44 percent. Total sales were up from 3,53,188 units at 30,694 units volume gain. Growth stood at 8.69 percent.In Q1 2022, Honda 2W sales stood at 9,10,422 units, down by a quarter from 12,23,331 units. In Q2 2022, sales stood at 9,95,136 units, up from 4,91,316 units. The comparable quarter in 2021 was a period of constraint owing to Covid-19 regulations. Top selling models from Honda include Activa, CB Shine, Dio, Grazia, CB350, Unicorn, Hornet, etc.Honda Two Wheeler Sales June 2022Activa scooter lead uncontestedThere’s rather little that perturbs Honda two wheelers’ monthly sales. On the domestic front. Bajaj and TVS are the only two manufacturers that could vie for 2nd spot, but the sales gap isn’t an easy one to transcend. The same is true for Honda in comparison to Hero’s top of the table clout. The situation ensures Honda 2Ws continue to sit comfortably at 2nd spot, month after month. In truth, it’s been years now.In fact, Honda’s two wheeler business model is unique. While others in the top order rely on a motorcycle as a bestseller, Honda’s bestseller is a scooter. In this regard, Activa hasn’t only stood the test of time but has gone from strength to strength. This unique proposition ensures that scooter buyers continue to flock to Honda in droves. Add to this its bestselling motorcycle, CB Shine. Sales volume for which is over a lakh each month. The only other manufacturer that follows the same pattern is Suzuki with its Access.Growth expectation for FY23Atsushi Ogata, Managing Director, President & CEO, Honda Motorcycle & Scooter India said, “The growth expectations with which we set out in the beginning of FY ’23 is gradually turning into a reality. Timely arrival of monsoons has impacted the economic indicators favourably. We expect the coming months to sustain this upward trend as more customers look for two-wheeler mobility options.”With H1 results being a mixed bag, the industry is now focused on a favourable outcome for the monsoon season. This will be quickly followed up by the onset of a rather long festive season. More

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      Hero Vida Electric Scooter Can Use HERO Branding – Hero Moto Vs Hero Electric

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      Hero MotoCorp and Hero Electric are two separate companies – Both are involved in a legal battleImage for reference.It may be recalled that Hero Electric had sought an injunction against Hero MotoCorp from use of the trademark ‘Hero’ for its electric vehicles. The issue was referred to the Delhi High Court last year by Vijay Munjal, along with his son Naveen Munjal, who owns Hero Electric, the largest electric two-wheeler company.This legal battle was against his cousin Pawan Munjal, Promoter and Chairman of Hero MotoCorp, claiming that the company had exclusive ownership rights of the ‘Hero’ brand for its upcoming lineup of its electric and eco-friendly products. In a recent ruling by the Delhi High Court, Hero MotoCorp has been granted permission to use the ‘Hero ’trademark for selling its electric vehicle lineup.Hero Moto Vs Hero Electric – RulingThe tribunal, which consisted of former Chief Justice of India Dipak Misra and retired judges Indu Malhotra and Indermeet Kaur observed that Hero MotoCorp had claimed the use of ‘Hero’ for its upcoming electric vehicle lineup since 2012. The company is now close to launch of its electric vehicles under brand name ‘Vida – powered by Hero’.Hero MotoCorp’s Vida brand will house all electric vehicle initiatives and the company has even filed a patent for names such as Vida, Vida MotoCorp, Vida EV, Vida Electric, Vida Scooters and Vida Motorcycles for its EV endeavor.Hero Electric Scooter Optima HXThe Tribunal took into account the fact that Hero MotoCorp had spent over Rs 7,000 crores to enhance goodwill and gain reputation of the ‘Hero’ brand over the past 10 years as compared to Rs 65 crores which had been invested by the Naveen Munjal Group to promote ‘Hero Electric’.The Tribunal also noted that Hero MotoCorp had also made hefty investments to the tune of Rs 400 crores into their VIDA project along with investments made in Ather Energy, the Bengaluru based company for its fast charging technology. Hero owns 38 percent in this company and both firms are developing fast charging infrastructure.Good News For Hero MotoCorpThis ruling will boost Hero MotoCorp’s confidence, ahead of the launch of their first electric scooter later this year. Imagine if Hero Moto had to sell their electric scooters without the brand Hero or their existing dealership network. That would have been a nightmare for the No 1 motorcycle brand in the world.Hero MotoCorp Electric Scooter – Under VIDA BrandAs much as this is good news for Hero MotoCorp, it is bad news for Hero Electric, who is one of the leading electric scooter manufacturer in India. By default, most in the country mean Hero MotoCorp, when they refer to a Hero vehicle. Even today, there are people who think Hero Electric and Hero MotoCorp are the same company.If the arrival of new EV rivals like Ola, Ather was not enough, they will have a new problem at hand once Hero MotoCorp launches their range of Hero Vida electric scooters and motorcycles. Hero MotoCorp was scheduled to launch their first electric scooter in July. But parts shortage has forced them to delay the launch to later this year. More

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      More Than 12% of New Car Payments Top $1000 a Month

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      There are increasing numbers of new car buyers who are financing their purchases and paying more than $1000 a month. Data from Edmunds revealed that 12.7 percent of all new-car loans came with four-digit payment plans in June 2022.You can probably guess the reasons: inflation and limited new-vehicle supply have led to high new-car prices, which result in these higher monthly payments.To deal with the high cost of new cars, car shoppers are taking out longer loans and accepting higher annual percentage rates.As average prices of new cars just keep moving on up, up, up, the number of people accepting monthly payments of over $1000 a month is also going up. It’s shocking, but it’s not surprising.This tidbit comes to us from a data analysis of the month of June just released from Edmunds, which found that a record 12.7 percent of new car buyers took out vehicle loans with monthly payments over $1000. Edmunds said this is the highest level it has ever recorded, with the percentages of four-digit payments in previous Junes hitting 7.3 percent in 2021, 4.6 percent in 2019, and just 2.1 percent in 2010.

      Earlier this month, we noted that the average monthly payment for new cars was somewhere around $650 to $700 in the U.S., which could be expected considering that the average price of a new car hit $47,148 in May, according to KBB. U.S. Bureau of Labor Statistics figures show that new-car prices have risen 12.6 percent in just the past year.There are other indications of changes to our car-buying habits due to the industry’s high prices in the Edmunds data. In the second quarter of 2022, the average annual percentage rate (APR) on new financed vehicles hit 5 percent. It hadn’t been that high sincethe first quarter of 2020. Another indicator is that more new-car shoppers (36.1 percent) are choosing longer loan terms of 73 to 84 months than the 32.8 percent who did so in June 2021.Also, the average total amount that new-car buyers are financing also hit near-record highs last quarter, climbing to $40,602, compared with the $39,726 average in the first quarter of this year and $36,215 in the second quarter of 2021. Edmunds said that the only other time when the average was over $40,000 was in the fourth quarter of 2021 and at that time, the average APR was 4.1 percent. Higher APRs mean a larger total repayment amount. Edmunds said that with a 72-month car loan for $40,000, going from a 4 percent APR to 5 percent raises the total cost by $1324, while signing up for a 6 percent APR (compared to 4 percent) means you’ll pay $2672 more over the course of the loan.
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      This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. You may be able to find more information about this and similar content at piano.io More

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      Hero MotoCorp Sales June 2022 – Splendor, Passion, Deluxe, Maestro

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      With growth of more than 35%, it is evident that Hero MotoCorp sales have not been impacted by high fuel pricesNew Hero Splendor XTEC vs Passion XTECIn what could be a sign of improving consumer sentiments, India’s largest two-wheeler manufacturer Hero MotoCorp has registered strong growth of 35.7%  in Q1 of FY 2022-23. Total sales during April-June 2022 were at 13,90,193 units, as compared to 10,24,507 units in the corresponding period last year. Quarterly MoM growth has improved by 17%, as compared to 11.89 lakh units sold in January-March 2022.Both motorcycles and scooters have registered positive YoY growth in Q1 FY 2022-23. Motorcycle sales were at 13,06,294 units, as compared to 9,59,589 units in the corresponding period last year. Scooter sales have improved from 64,918 to 83,899 units.Hero MotoCorp June 2022 salesIn June 2022, Hero MotoCorp registered sales of 4,84,867 units. This is positive YoY growth, as compared to 4,69,160 units sold in the corresponding period last year. The growth is on account of higher motorcycle sales. A total of 4,61,421 units were sold in June 2022, as compared to 4,41,536 units in June last year. Scooter sales have registered negative growth, down from 27,624 units in June last year to 23,446 units in June 2022.While domestic sales have registered strong growth, Hero MotoCorp exports numbers are down in Q1 FY 2022-23. Exports are at 62,027 units, as compared to 83,800 units in the corresponding period last year. In June too, exports numbers were down from 30,646 units to 21,657 units. To boost overseas operations, Hero MotoCorp has launched Euro-5 compliant versions of XPulse 200 4V motorcycle and Dash 110 & Dash 125 scooters. These are available for sale in Turkiye.Hero MotoCorp Sales June 2022In domestic market, the company launched the new Passion XTEC variant that packs in a range of updates. It includes features such as full digital instrument cluster, first in segment projector LED headlamp, real-time mileage indicator, service reminder, side stand indicator with engine cut off function, low fuel indicator, Bluetooth connectivity and SMS and call alerts. Earlier, the company had launched the Splendor XTEC variant with the same set of features.Hero MotoCorp expects sales momentum to continue in coming months. It will be powered by the normal monsoon season (as predicted by the met department) and subsequent increase in farm activity and rural household income. Top selling Hero motorcycles and scooters continue to be Splendor, HF Deluxe, Passion, Glamour, Destini, Maestro, Xtreme, Xpulse, etc.Hero XCLAN platform launchedTo promote the spirit of adventure and exploration, Hero MotoCorp recently launched XCLAN, a new community-riding platform. It is meant for Hero XPulse bike owners who may wish to engage with other riders for sharing their stories, ideas and experiences. In other initiatives, Hero MotoCorp launched EV Technology Expo in Jaipur in June. This was in collaboration with Automotive Component Manufacturers Association of India (ACMA).As part of its Hero WeCare CSR program, the company donated 300 motorcycles as well as 600 helmets to Himalayan Eco Restoration, Biodiversity Conservation and Livelihood Enhancement Society in Rishikesh, Uttarakhand. 150 units of Hero Glamour FI 125 were also provided to Uttarakhand Police Department. More

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      Old KTM 390 Adventure Gets New Ride Modes Via Software Update

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      KTM 390 leans more towards high-speed commuting over outright off-roading like some rivalsKTM 390 ADVAustrian brand KTM has been one of the strongest contenders in premium performance motorcycles. All KTM motorcycles across the price range have been keenly focused on giving maximum performance while weighing as less as possible. Making KTM products tailor-made for young audiences and enthusiasts alike.KTM 390 series of motorcycles rely on the same principles too. We have street naked 390 Duke, track-focused RC 390 and 390 Adventure that offers explosive performance in adventure tourer segment. KTM has updated the 390 Adventure for 2022 model year with new colour schemes, tougher wheels and 2 riding modes for an increment of Rs. 6,500 over the old model.Old KTM 390 Adventure – Riding Modes390 Adventure came with two riding modes namely Street and Off-Road mode on the 2022 update. These riding modes helped 390 Adventure customers to set the traction control system in two settings based on the terrain they were in. Now, KTM has offered these riding modes for the older model 390 Adventure as well.KTM intends to add riding modes offered with 2022 390 Adventure, on the old model too. Dealers have been provided with a revised ABS software Hex file and a thorough set of instructions to enable ride modes on old model 390 Adventure. Hat tip to automotive enthusiast Karan Vazirani for sharing the exclusive update. KTM dealers are expected to flash the new software encoded within provided hex file on old model’s systems. By doing this, a new ROM containing the ride modes will be installed on old model 390 Adventure and the new ROM will bring newly added riding modes too.Old KTM 390 Ride Modes Install – Via Software UpdateBy doing this, KTM is offering value to their customers who bought old 390 Adventure. Because the previous model had all the hardware necessary to get these riding modes and only needed new software to make them operational which is exactly what KTM has done. This procedure is done at dealer level when a prospective old 390 Adventure owner brings their bike for service or KTM might notify them to do so.CompetitionKTM 390 Adventure was conceived to take the 390 platform to new segments. 390 Adventure brings an adventure tourers ergonomics, road presence, ground clearance and more attributes. It may not be an outright hardcore off-roader like Royal Enfield’s Himalayan and Hero XPulse 200 which were conceived as proper off-roaders from day one. KTM is also testing an enduro version of 390 Adventure with spoked wheels offering more off-roading ability.What 390 Adventure brings to the table is its fire-cracker 373 cc single-cylinder engine which makes 42.3 bhp of power at 9000 RPM and 37 Nm of torque at 7000 RPM. It gets a 19” alloy wheel at the front that is shod with 100/90 Metzeler AT tyre and a 17” alloy wheel at the rear shod with 130/80 Metzeler AT tyre. It gets WP Apex 43 mm USD forks at front and a WP Apex mono-shock unit at the rear.KTM 390 Adventure leans more towards the tourer in ‘adventure-tourer’ genre while XPulse 200 and Himalayan offer more off-roading prowess. 2022 KTM 390 Adventure is priced at Rs. 3.33 lakh (ex-sh) and gets two colour offerings namely Dark Galvano Black and our favourite Factory Racing Blue. More

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      Royal Enfield Himalayan Two New Colours – Glacial Blue, Dune Brown

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      Royal Enfield Himalayan gets 2 additional colours from the company’s previous colour paletteRoyal Enfield Himalayan – New ColoursRoyal Enfield takes credit for properly rejuvenating the adventure-tourer motorcycle genre for the masses. Okay, we had Impulse from Hero MotoCorp before Himalayan. But we never fully appreciated Impulse’s brilliance until it was discontinued. Enthusiasts went overboard and actually swapped its 155cc engine with Karizma’s 223cc engines and called it Karipulse.It was not an actual thing from Hero, but it became a thing even though it wasn’t road legal. We’ll save our rant on the Government’s modification laws for vehicles in India for another day. But two manufacturers seemed to take notice of the Karipulse. They were Royal Enfield and Hero themselves.With the launch of Himalayan, Royal Enfield beat Hero MotoCorp to the finish line of launching an adventure tourer by three years. It was launched in 2016. In BS3 guise, Himalayan was a purpose-built motorcycle designed to take on the, well, Himalayan Range. If they wanted to take on Western Ghats, they would have named it Western Ghats. But Royal Enfield is also developing a bigger and more sophisticated 450cc Himalayan and in the meantime, to keep the aging product fresh, Himalayan 411 gets two more colours to spice things up.Royal Enfield Himalayan Two New ColoursRoyal Enfield has introduced two new colour schemes for Himalayan. These new colours don’t resemble any of the colours Himalayan got before. They stand out like they were intended to. One of the colours resembles the dark pastel yellow colour that Royal Enfield Classic range of motorcycles used to get. It was a special edition on Classic 500 in particular which is now discontinued, and was dubbed as Desert Storm. On Classic 350 that is currently on sale, it is called Single Desert Sand. On the Himalayan, it is called Dune Brown.2022 Royal Enfield Himalayan Dune Brown ColourBut unlike a monotone finish on Classic 500 Desert Storm, the way it has been implemented on Himalayan is very similar to Pine Green shade. The front beak, sides of the fuel tank and side body panels covering toolbox and air box, get an irregular camouflage pattern. This makes it look a lot more interesting than Desert Storm shade on Classic 500 and Single Desert Sand on Classic 350.The other colour Himalayan gets is similar to Lagoon Blue colour shade that was offered with the Classic 350 and Classic 500. This new Himalayan colour is called Glacial Blue. Unlike the other shade with patterns, it is a single colour offering without any patterns to spruce things up. Front beak, fuel tank and side body panels get this mono-coloyr shade. Both these new colours are inspired by the extreme yet picturesque elements of nature.Himalayan New Colours PriceHimalayan currently gets 9 colour options and the new colours add a tasteful variety to the list. These new colours were revealed at the 2022 Royal Enfield Himalayan Odyssey, which was flagged from Delhi earlier today. Images are credited to participants @manavsinha, @kochimachan and @turbochargedmag.In terms of purpose-built hardcore off-roaders, Royal Enfield Himalayan only competes with Hero Xpulse 200. But adhering to genre and pricing, it competes with KTM 390 Adventure, BMW G 310 GS and the likes. Speaking of G 310 GS, it recently got new colour schemes that might interest you. More

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      TVS Sales June 2022 – Apache, Jupiter, iQube, Raider, Ntorq

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      TVS Motor has reported total two-wheeler sales at 2,93,715 units relating to a 23.36 percent YoY growth and a 2.32 percent increase in MoM salesTVS ApacheTVS Motor Company has experienced both YoY and MoM growth in terms of two wheeler sales in June 2022. Three wheeler sales increased 7.29 percent on a YoY basis while MoM sales were in the red down 7.15 percent. The company is in the process of entering the electric mobility space in association with BMW Motorrad. The two auto makers will jointly develop an electric platform catering to the demands of future electric two wheelers and concepts.TVS Sales June 2022 – Motorcycles, ScootersTVS Motor has reported total sales (2wheeler and 3 wheeler) of 3,08,501 units in June 2022. This was a 22.48 percent growth over 2,52,886 units sold in June 2022 while MoM sales improved 1.82 percent from 3,02,982 units sold in May 2022. YoY growth was seen across all segments, 2 wheeler and 3 wheeler, domestic sales and exports. MoM sales, on the other hand, related to de-growth in terms of 3 wheeler sales and exports.Sales of motorcycles in June 2022 dipped 0.54 percent to 1,46,075 units, down from 1,46,874 units sold in June 2021. This was a volume de-growth of 799 units with a 49.73 percent share. MoM sales also fell 1.67 percent as compared to 1,48,560 units sold in May 2022 relating to a 2,485 unit volume de-growth and with a 51.75 percent share.Top selling TVS motorcycles are Apache, Raider, Radeon, Sport, etc. Recently, TVS introduced the new Radeon 110cc commuter motorcycle at a starting price of Rs 59,925 (ex-showroom). It is being offered with segment-first multi-colour reverse LCD instrument cluster sporting a real-time mileage indicator (RTMi), and a USB mobile charging port, etc.TVS Motor Sales June 2022 vs June 2021 (YoY)Scooter sales on the other hand has noted a 94.99 percent YoY growth to 1,05,211 units in June 2022, up from 53,956 units sold in June 2021. MoM sales improved by 4.52 percent from 1,00,665 units sold in May 2022. Share percentage remained flat from 35.07 percent held in May 2022 to 35.82 percent in the past month. Top selling scooters include the likes of Jupiter, Ntorq, Scooty Pep+, etc.TVS Motor sells the iQube in the e-scooter segment. Sales stood at 4,667 units last month, a 76.98 percent MoM growth over 2,637 units sold in May 2022. This is the highest ever sales of the TVS iQube. TVS XL100 moped sales also increased 13.87 percent YoY and 12.15 percent MoM to 42,429 units thus taking total domestic sales to 1,93,090 units in June 2022 up 32.79 percent over 1,45,413 units sold in June 2021. MoM domestic sales improved by 0.84 percent when compared to 1,91,482 units sold in May 2022.Two wheeler exports also saw an 8.57 percent YoY growth to 1,00,625 units from 92,679 units shipped in June 2021 while MoM exports increased 5.28 percent from 95,576 units shipped in May 2022. Total two wheeler sales (domestic + exports) stood at 2,93,715 units in June 2022 from 2,38,092 units sold in June 2021 while in May 2022 the company had sold 2,87,058 units.TVS Motor Sales June 2022 vs May 2022 (MoM)TVS Motor 3W Sales and Exports – June 2022Three wheeler sales (domestic + exports) ended on a positive note on a Yoy basis to a total of 14,786 units, up 7.19 percent over 13,794 units sold in June 2021. MoM sales however, dipped 7.15 percent from a total of 15,924 units sold in May 2022.Three wheeler domestic sales grew by 323.79 percent to 962 units in June 2022 while exports increased 1.89 percent to 13,824 units. MoM sales on the other hand saw domestic sales down 23.35 percent from 1,255 units sold in May 2022. Exports also fell MoM by 5.76 percent over 14,669 units shipped in May 2022. Total sales (2+3W) in domestic markets were at 1,94,052 units in June 2022 while total exports (2+3 W) stood at 1,14,449 units thus taking total sales of TVS Motor Company to 3,08,501 units in June 2022. More