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TVS Announced December Sales 2023 With 25% Growth In YOY

Published at January 3, 2024 by BikeJunction

TVS Motor Company started the new year with its best December performance. The company has marked a remarkable 25% YoY growth in total unit sales. This showcases to 3,01,898 units sold in December 2023, compared to 2,42,012 units in the same month 2022. TVS has recorded 33.14% growth in domestic sales and 7.54% in exports.

The two-wheeler segment has witnessed a phenomenal 27.41% growth. This translates to 290,064 units sold in December 2023, compared to 227,666 units in the corresponding period of 2022. However, domestic two-wheeler sales rose higher, registering 33.23% YoY growth with 214,988 units sold, compared to 161,369 units in December 2022.

TVS Motor Sales	Dec-23	Dec-22	Diff	Growth % YoY	% Share Dec 2023
Motorcycle	1,48,049	1,24,705	23,344	18.72	51.04
Scooter	1,03,167	76,766	26,401	34.39	35.57
E-Scooter	11,232	11,071	161	1.45	3.87
Moped	38,848	26,195	12,653	48.30	13.39
2W Domestic	2,14,988	1,61,369	53,619	33.23	74.12
2W Exports	75,076	66,297	8,779	13.24	25.88
2W Total	2,90,064	2,27,666	62,398	27.41	100.00
3W Domestic	1,519	1,241	278	22.40	12.84
3W Exports	10,315	13,105	-2,790	-21.29	87.16
3W Total	11,834	14,346	-2,512	-17.51	100.00
Domestic (2W+3W)	2,16,507	1,62,610	53,897	33.14	71.72
Exports (2W+3W)	85,391	79,402	5,989	7.54	28.28
Total (2W+3W)	3,01,898	2,42,012	59,886	24.75	100.00

Here is the report of TVS's YoY December sales:

TVS saw a growth of 18.72% in the motorcycle segment, gaining 23,344 more units this year.
In the scooter, TVS also increased by 34.39%, selling 26,401 extra units as compared to last year’s 76,766, and in the e-scooter, it rose by 1.45%.
The company sold 38,848 units in December 2023 as compared to 26,195 units in 2022 and saw a hike of 48.30%.

Moreover, the Jupiter 125 and NTORQ 125 continued their dominance in the scooter segment. As the Indian two-wheeler market continues to witness an upward trend, TVS is well-positioned. However, TVS has not shown much impact on their MoM sales.

TVS Motor Sales	Dec-23	Nov-23	Diff	Growth % MoM	% Share Nov 2023
Motorcycle	1,48,049	1,72,836	-24,787	-14.34	49.09
Scooter	1,03,167	1,35,749	-32,582	-24.00	38.55
E-Scooter	11,232	16,782	-5,550	-33.07	4.77
Moped	38,848	43,518	-4,670	-10.73	12.36
2W Domestic	2,14,988	2,87,017	-72,029	-25.10	81.52
2W Exports	75,076	65,086	9,990	15.35	18.48
2W Total	2,90,064	3,52,103	-62,039	-17.62	100.00
3W Domestic	1,519	2,011	-492	-24.47	16.58
3W Exports	10,315	10,117	198	1.96	83.42
3W Total	11,834	12,128	-294	-2.42	100.00
Domestic (2W+3W)	2,16,507	2,89,028	-72,521	-25.09	79.35
Exports (2W+3W)	85,391	75,203	10,188	13.55	20.65
Total (2W+3W)	3,01,898	3,64,231	-62,333	-17.11	100.00

Here are details of TVS MoM December Sales:

The company sold 1,48,049 bikes in Dec. 2023 compared to 1,72,836 units in Nov. 2023.
TVS has seen a decline in sales of scooters by 24.00% and e-scooters by 33.07 units.
In December 2023, the company sold 38,848 Moped from last month’s 43,518.

However, TVS’s exports (2w+3w) MoM sales have risen by 13.55%. TVS's December 2023 sales performance is promising for a better year ahead. The company's continued focus on innovation and strengthening its presence in rural markets is likely to fuel its growth further.

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