TVS Motor Company's sales grow by 31% in November 2023

TVS Motor Company recorded monthly sales of 364,231 units in November 2023 with a growth of 31% as against 277,123 units in the month of November 2022.

Total two-wheelers registered a growth of 34% with sales increasing from 263,642 units in November 2022 to 352,103 units in November 2023. Domestic two-wheeler registered growth of 50% with sales increasing from 191,730 units in November 2022 to 287,017 units in November 2023.

Motorcycle registered a growth of 19% with sales increasing from 145,006 units in November 2022 to 172,836 units in November 2023. Scooter registered a growth of 62% with sales increasing from 83,679 units in November 2022 to 135,749 units in November 2023.

The Company sold 16,782 units in November 2023 as against sales of 10,056 units in November 2022. The booking pipeline for TVS iQube continues to be healthy.

The Company's total exports registered sales of 75,203 units in November 2023 as against 84,134 units registered in November 2022. Two-wheeler exports registered sales of 65,086 units in November 2023 as against 71,912 units in November 2022. Customer retails continue to grow in the IB markets.

Three-wheeler of the Company registered sales of 12,128 units in November 2023 as against 13,481 units in November 2022.

Shares of TVS Motor Company Limited was last trading in BSE at Rs. 1909.45 as compared to the previous close of Rs. 1870.65. The total number of shares traded during the day was 33227 in over 2880 trades.

The stock hit an intraday high of Rs. 1922.50 and intraday low of 1868.20. The net turnover during the day was Rs. 63163029.00.

Source : Equity Bulls

Keywords

TVSMotorCompany INE494B01023 SalesVolume November2023