• Home
  • News
  • Tvs November 2023 Sales Report Released Revealed 3143 Yoy Growth

Cross
whatsappicon

Get the latest updates on new bike models, special offers, and exciting news.

Join Channel

TVS November 2023 Sales Report Released | Revealed 31.43% YoY Growth

CalenderPublished at December 6, 2023 by BikeJunction
TVS November 2023 Sales Report Released | Revealed 31.43% YoY Growth

TVS Motor Company has revealed its sales figures for November 2023, revealing a very impressive growth. The company sold 2,77,123 units total this last month, representing a significant 31.43% YoY growth, when compared to November 2022 sales figures of 2,77,123 units. However, there was a month-on-month (MoM) decline from the highest-ever monthly sales of 4,34,714 units in October 2023.
 

TVS 2 Wheeler Sales November 2023

The company sold 352,103 two-wheelers in November 2023, showing a 33.55% increase from the 263,642 units sold in November 2022. This growth represents an additional 88,461 units sold. On a month-to-month basis, however, there was a 16.29% decrease in sales, dropping from 420,610 units in October 2023.
 

TVS Motor SalesNov 23Nov 22DifferenceGrowth % YoY% Share Nov 23
Motorcycle1,72,8361,45,00627,83019.1949.09
Scooter1,35,74983.67952,07062.2338.55
E-Scooter16,78210,0566,72666.894.77
Moped43,51834,9578,56124.4912.36
2W Domestic2,87,017 1,91,73095,28749.7081.52
2W Exports65,08671,912-6,826-9.4918.48
2W Total3,52,1032,63,64288,46133.55100.00
3W Domestic 2,0111,25975259.7316.58
3W Exports10,11712,222-2,105-17.2283.42
3W TOTAL12,12813,481 -1,353-10.04100.00
Domestic (2 + 3W)2,89,028 1,92,98996,03949.7679.35
Exports (2 + 3W)75,203 84,134-8,931-10.6220.65
Total (2+3W)3,64,231 2,77,12387,10831.43100.00


Last month, motorcycles led the two-wheeler segment with a strong demand, selling 172,836 units. This marked a 19.19% increase from the 145,006 units sold in November 2022. However, there was a 14.42% month-to-month decline from the 201,965 units sold in October 2023. Motorcycles now make up 49.09% of the company's overall portfolio.
 

Meanwhile, scooters experienced an even more impressive year-over-year growth, surging by 62.23% to 135,749 units in November 2023, up from 83,679 units in November 2022. However, there was a 17.80% decrease in month-to-month sales, dropping from 165,135 units in October 2023. Scooters currently hold a 38.55% share in the company's product lineup.

 

TVS Motor SalesNov 23Nov 22DifferenceGrowth % YoY% Share Nov 23
Motorcycle1,72,8362,01,965-29,129-14.4248.02
Scooter1,35,7491,65,135-29,386-17.8039.26
E-Scooter16,782 20,153-3,371-16.734.79
Moped43,51853,510-9,992-18.6712.72
2W Domestic2,87,0173,44,957-57,940-16.8082.01
2W Exports65,08675,653-10,567-13.9717.99
2W Total3,52,103 4,20,610-68,507-16.29100.00
3W Domestic 2,0111,80520611.4112.80
3W Exports10,11712,299-2,182-17.7487.20
3W TOTAL12,12814,104-1,976-14.01100.00
Domestic (2 + 3W)2,89,0283,46,762-57,734-16.6579.77
Exports (2 + 3W)75,20387,952-12,749-14.5020.23
Total (2+3W)3,64,2314,34,714-70,483-16.21100.00


Looking at the TVS iQube the sole electric scooter in the company's lineup, sales showed a robust year-over-year increase of 66.89%, reaching 16,782 units last month. This is a significant jump from the 10,056 units sold in November 2022. However, on a month-to-month basis, there was a 16.73% decline from the 20,153 units sold in October 2023.

In the moped segment, there was a positive year-over-year growth of 24.49%. Despite this, month-to-month sales experienced a decline of 18.67%.
 

3-Wheeler Domestic Sales & Exports

In the three-wheeler segment, TVS Motor witnessed a decline in both year-over-year (YoY) and month-over-month (MoM) total sales, despite a more positive performance in the domestic markets. 
 

Total three-wheeler sales (combining domestic and exports) stood at 12,128 units in November 2023, marking a 10.04% decrease from the 13,481 units sold in November 2022. Additionally, there was a 14.01% decrease on a MoM basis compared to the 14,104 units sold in October 2023.
 

However, the company showed better results in the domestic market with a significant YoY growth of 59.73%, reaching 2,011 units from 1,259 units sold in November 2022. MoM domestic sales also increased by 11.41%, rising from 1,805 units in October 2023. 

On the other hand, exports experienced a 17.22% YoY decline and a 17.74% MoM decline, totaling 10,117 units. In comparison, November 2022 and October 2023 had seen 12,222 units and 12,299 units shipped, respectively.
 

When considering the total sales of two-wheelers and three-wheelers (domestic and exports), November 2023 saw an impressive 31.43% increase to 364,231 units, up from 277,123 units in November 2022. This represents a substantial volume growth of 81,108 units. YoY domestic sales for both two-wheelers and three-wheelers combined increased by 49.76% to 289,028 units from 192,989 units in November 2022. 
 

However, total exports dipped by 10.62% to 75,203 units from 84,134 units shipped in November 2022. On a MoM basis, both domestic and export figures declined by 16.65% and 14.50%, respectively.


But, before you go, don’t forget to check out how TVS’s top competitor Hero MotoCorp performed in November 2023.

 

Are you searching for a new bike? Explore bikejunction & compare your choice of bike, we will help you out with a bike loan. Select your bike according to category and other specifications on Bike Junction with just one click. Follow our news section or Social Media handles to get the latest news & updates related to the bike industry in India.
 

Follow us for Latest Bike Industry Updates   

Facebook  - https://bit.ly/BikeJunction_offl_fb    
Instagram -  https://bit.ly/BikeJunction_ofl_insta    
Twitter - https://bit.ly/BikeJunction_ofl_twitter

Previous

Next

Top News

Best Bikes

Royal Enfield Bullet 350
Royal Enfield Bullet 350
₹ 1.74 - 2.16 Lakh
Mileage37 KmplDisplacement349CC
TVS Raider 125
TVS Raider 125
₹ 84,869 - 1.04 Lakh
Mileage67 KmplDisplacement124.8CC
TVS Apache RTR 310
TVS Apache RTR 310
₹ 2.50 - 3.10 Lakh
Mileage35 KmplDisplacement312.12CC
Harley Davidson X440
Harley Davidson X440
₹ 2.40 - 2.79 Lakh
Mileage35 KmplDisplacement440CC
View AllView Allicon

Check On-Road Price

icon-left
icon-left
icon-left
icon-left
icon-left
icon-left

Upcoming bike models

Launching Soon
YAMAHA Tenere 700
YAMAHA Tenere 700
₹ 8 Lakh
Mileage20 KmplDisplacement689CC
Launching Soon
Suzuki GSX-8S
Suzuki GSX-8S
₹ 10 - 11 Lakh
Mileage23.8 KmplDisplacement776CC
Launching Soon
YAMAHA XSR 155
YAMAHA XSR 155
₹ 1.36 Lakh
Mileage48.58 KmplDisplacement155CC
Launching Soon
Husqvarna Norden 901
Husqvarna Norden 901
₹ 12 Lakh
Mileage20 KmplDisplacement889CC
View AllView Allicon