TVS Motors shares opened 1% above their previous close and were trading close to their 52-week high on 3 October after the company showed a 6% YoY growth in total sales to 4,02,553 units in September of the current fiscal year, compared to 3,79,011 units a year ago.

The company’s two-wheeler segment registered a 7% YoY growth to 3,86,955 units, compared to 3,61,729 units reported in September 2022. On the domestic front, the company saw a 6% YoY growth to 3,00,493 units, compared to 2,83,878 units sold in September 2022.

Its Motorcycle sales registered a growth 10% YoY growth to 1,86,438 units for September 2023 against the 1,69,322 units sold in the year-ago month. At the same time, the Scooter sales registered an 8% YoY growth to 1,55,526 units, compared to 1,44,356 units sold in September 2022.

On the international front, the company’s total exports grew by 8% YoY to 1,00,294 units from 92,975 units in September 2022. The two-wheeler exports segment reported an 11% YoY growth from 77,851 units recorded in September 2022 to 86,462 units in September 2023.

The two-wheeler manufacturer sold 20,356 units of its TVS iQube Electric in September 2023, compared to 4,923 units sold in the same month in the previous year.

The company took over 3 years to sell its first 1,00,000 units of TVS iQube Electric; however, the run from there to 2,00,000 units was just achieved in 10 months.

At 10:30 am, the shares of TVS Motors were trading at Rs 1,533.55 or 0.77% above its previous close on NSE.