The company’s sales in December fell 3.58% to 242,012 vehicles, compared with 250,993 in December 2021. TVS Motor Company fell 1.76% to Rs 1,067.20.

In December 2022, total two-wheelers sales dropped by 3.28% to 227,666 units compared with 235,392 units sold in December 2021. 

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Motorcycle sales fell 6.73% to 124,705 units in December 2022, compared to 133,700 units in December 2021. The company’s scooter sales were registered at 76,766 units in December 2022, compared to 67,533 units in December 2021, a 14% year-on-year increase.

Export sales of the company slumped 23.22% to 79,402 units in December 2022 as against 103,420 units in December 2021. Two-wheeler exports dropped 25.2% to 66,297 units in December 2022 from 88,629 units sold in December 2021.

The electric vehicles segment sold 11,071 units of TVS iQube Electric in December 2022 compared to sales of 1,212 units in December 2021. TVS Motor Company is a reputed two and three-wheeler manufacturer globally. The company has four manufacturing facilities in Nalagarh in India, Karawang in Indonesia and  Hosur, Mysuru.

The company’s net profit jumped 59.5% to Rs 386.31 crore on a 32% rise in net sales to Rs 8,560.76 crore in Q2FY23 over Q2FY22.