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TVS January 2023 Sales Report Records 2.75 lakh Units Sold

Published on February 02, 2023 by BikeJunction

One of the biggest 2W manufacturers worldwide is TVS Motor. The largest market for TVS is India, where sales figures indicate major growth. The area where TVS recorded a fall was in exports. Total number of TVS Motorcycles sold in January accounted for 1,21,042 units. TVS Raider and TVS Apache motorcycles were its best-selling models in January.

This wasn't enough to surpass the 1,24,705 units sold the month prior and the 1,37,630 units sold a year ago. The result was a YoY loss of 12.05% and a MoM decline of 2.94% for TVS motorcycles. YoY volume loss was 16,588 units, while MoM volume loss was 3,663 units. Despite its losses, TVS motor's main asset is its 45.73% market share in motorcycles.

TVS 2W Sales Report

Scooters outgrew Jupiter in the lead with good growth. TVS scooters are substantially above the YoY target of 80,580 units and the MoM target of 76,766 units in January 2023, selling total number of scooters 1,06,537 units. In India, scooters grew by 32.21% YoY and 38.78% MoM, commanding a market share of 40.25%. Volume increased by 25,957 units YoY and 29,771 units MoM.

TVS has had excellent success with iQube, which sold 12,169 units in January 2023. YoY growth is enormous at 695%, while MoM growth is respectable at 9.92%. Since iQube contributed 1,529 units in January 2022, EVs have gone a long way. The only moped manufacturer in India at the moment is TVS, which sold 37,131 units. Sales increased by 41.75% MoM and by 3.35% YoY.

TVS 2W Sales January 2023

TVS Motor Sales Jan 2023 Jan 2022 Difference Growth % YoY % Share Jan 2023
Motorcycle 1,21,042 1,37,630 -16,588 -12.05% 45.73%
Scooter 1,06,537 80,580 25,975 32.21% 40.25%
E-Scooter 12,169 1,529 10,640 695.88% 4.60%
Moped 37,131 35,929 1,202 3.35% 14.03%
2W Domestic 2,16,471 1,67,795 48,676 29.01% 81.78%
2W Exports 48,239 86,344 -38,105 -44.13% 18.78%
2W Total 2,64,710 2,54,139 10,571 4.16% 100.00%

All of these contribute to the increase in total 2W sales in the domestic market, which increased to 2,16,471 units with a growth rate of 34.15% MoM and 29.01% YoY. 2W's domestic sales make up 81.78% of its total revenues, while its exports make up 18.22%. Speaking of exports, TVS shipped out 48,239 units in November. As a result, a YoY fall of 44.13% and a MoM decline of 27.24% were recorded.

This had an impact on the total 2W figure (domestic + exports), which in January 2023 was 2,64,710 units. However, positive growth of 4.16%TVS and 16.27% MoM was recorded by TVS. As a result, 10,751 units were added to the total 2W volume acquired YoY and 37,044 units MoM.

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