TVS Motor Company has announced that the two-wheeler manufacturer recorded a total sales of 2,66,788 units for January 2022. In the same period last year, the sales stood at 3,07,149 units. The rising Covid cases and the irregular supply of semiconductor chips have worked against the sales in January this year. The brand also partnered with Swiggy to deploy its electric scooter in the delivery fleet. This will help both the companies to achieve their sustainable solutions. The rising demand for electric vehicles in the country also leads us to believe that TVS will soon add more electric vehicles to the brand’s portfolio. As of now TVS only offers the iQube in the electric two-wheeler segment. The premium electric scooter comes with an ex-showroom price of INR 1,00,777, including all subsidies.
Two-Wheeler Segment Sales
In the two-wheeler segment, TVS Motor Company registered a total sales of 2,54,139 units in January 2022. However, the figure stood at 2,94,596 units during the same period last year. The domestic market sales figure stood at 1,67,795 units for January 2022, as compared to 2,05,216 units for the same period last year. Motorcycles contributed to 1,37,360 units for January 2022 which is up from 1,36,790 units for January 2021. The brand registered around 80,580 units for the given period in the scooter segment. When compared to January 2021, the figure stood at 98,319 units. TVS Motor Company will also be addressing the issues regarding the shortage of semiconductors chips whose supply is likely to improve in the coming months.
International Sales
TVS exported a total of 97,858 units to the international market in January 2022 which was down from 1,00,926 units that the brand sold in January 2021. The brand reported that the two-wheeler export figure stood at 86,344 units for the given period. As compared to the figure for last year the brand exported 89,380 units. TVS also has its presence in over 70+ countries which allows the company to achieve tremendous volumes.
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