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-23Dec-22DiffGrowth % YoY% Share Dec 2023Motorcycle1,48,0491,24,70523,34418.7251.04Scooter 1,03,16776,76626,40134.3935.57E-Scooter 11,23211,0711611.453.87Moped 38,84826,19512,65348.3013.392W Domestic 2,14,9881,61,36953,61933.2374.122W Exports 75,07666,2978,77913.2425.882W Total 2,90,0642,27,66662,39827.41100.003W Domestic 1,5191,24127822.4012.843W Exports 10,31513,105-2,790-21.2987.163W Total 11,83414,346-2,512-17.51100.00Domestic (2W+3W)2,16,5071,62,61053,89733.1471.72Exports (2W+3W)85,39179,4025,9897.5428.28Total (2W+3W)3,01,8982,42,01259,88624.75100.00 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-23Nov-23DiffGrowth % MoM% Share Nov 2023Motorcycle1,48,0491,72,836-24,787-14.3449.09Scooter 1,03,1671,35,749-32,582-24.0038.55E-Scooter 11,23216,782-5,550-33.074.77Moped 38,84843,518-4,670-10.7312.362W Domestic 2,14,9882,87,017-72,029-25.1081.522W Exports 75,07665,0869,99015.3518.482W Total 2,90,0643,52,103-62,039-17.62100.003W Domestic 1,5192,011-492-24.4716.583W Exports 10,31510,1171981.9683.423W Total 11,83412,128-294-2.42100.00Domestic (2W+3W)2,16,5072,89,028-72,521-25.0979.35Exports (2W+3W)85,39175,20310,18813.5520.65Total (2W+3W)3,01,8983,64,231-62,333-17.11100.00 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. Before you go, don’t forget to check out the Royal Enfield Himalayan 450 accessories prices 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 the Latest Bike Industry UpdatesFacebook - https://bit.ly/BikeJunction_offl_fb Instagram - https://bit.ly/BikeJunction_ofl_insta Twitter - https://bit.ly/BikeJunction_ofl_twitter
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