TVS Motor Company's May 2023 sales registers growth of 9%, 32% growth in Domestic Sales

TVS Motor Company registered a sales growth of 9% increasing from 302,982 units in May 2022 to 330,609 units in May 2023.

Total two-wheelers registered a growth of 11% with sales increasing from 287,058 units in May 2022 to 319,295 units in May 2023. Domestic two-wheeler registered growth of 32% with sales increasing from 191,482 units in May 2022 to 252,690 units in May 2023.

Motorcycle registered sales growth of 9% with sales increasing from 148,560 units in May 2022 to 162,248 units in May 2023. Scooter sales registered a growth of 3% with sales increasing from 100,665 units in the month of May 2022 to 103,203 units in May 2023.

TVS iQube electric recorded sales of 17,953 units in May 2023 as against sales of 2,637 units in May 2022. TVS iQube has a healthy booking pipeline of over 30,000 units and we are confident of continued improvement of supplies in the coming months.

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

Three-wheeler of the Company registered sales of 11,314 units in May 2023 as against 15,924 units May 2022.

Shares of TVS Motor Company Limited was last trading in BSE at Rs. 1271.75 as compared to the previous close of Rs. 1300.40. The total number of shares traded during the day was 25795 in over 1410 trades.

The stock hit an intraday high of Rs. 1294.95 and intraday low of 1269.40. The net turnover during the day was Rs. 33009504.00.

Source : Equity Bulls

Keywords

TVSMotorCompany INE494B01023 2Wheelers ElectricVehicles SalesVolume May2023