TVS Motor Surges on Reporting Upbeat Vehicle Sales Numbers

On June 1, 2023, TVS Motor Company registered a sales growth of 9% increasing from 3,02,982 units in May 2022 to 3,30,609 units in May 2023. In the two-wheeler segment, the company registered a growth of 11% with sales increasing from 287,058 units in May 2022 to 319,295 units in May 2023. Sales of domestic two-wheelers increased by 32% from 1,91,482 units in May 2022 to 2,52,690 units in May 2023.

Motorcycle registered sales growth of 9% with sales increasing from 1,48,560 units in May 2022 to 1,62,248 units in May 2023. With sales rising from 1,00,665 units in May 2022 to 1,03,203 units in May 2023, scooter sales saw a 3% gain. The three-wheeler segment of the Company registered sales of 11,314 units in May 2023 as against 15,924 units in May 2022.

In the market for electric vehicles, TVS iQube Electric had sales of 17,953 units in May 2023 as opposed to 2,637 units in May 2022. Over 30,000 units have been ordered for the TVS iQube. The company is optimistic about supply will continue to increase over the next few months.

The Company’s total exports registered sales of 76,607 units in May 2023 as against 110,245 units in May 2022. Two-wheeler exports registered sales of 66,605 units in May 2023 as against 95,576 units in May 2022.

TVS Motor Company Ltd is the largest 2-wheeler company in India. TVS Motor is also the largest exporter in India with exports to several Countries. TVS Motor’s strength lies in its extensive research and development, resulting in products that are industry-leading in terms of innovation. TVS has always stood for innovative, easy-to-handle, and environment-friendly products, backed by reliable customer service.

Today, the shares of TVS Motors Ltd are trading at Rs 1,296.10 up by 24.35 points or 1.91% from the previous day’s closing of Rs 1,271.75. The share touches the high and low of Rs 1,300 and Rs 1,284.15 respectively. The shares of this company have given a 75.47% return in just one year from Rs 738.75 to Rs 1,296.10.