Two- and three-wheeler maker TVS Motor witnessed a 1.97 per cent decline in gross sales in February with gross sales of two,76,150 models, the corporate stated on Wednesday.
The town-headquartered firm had offered 2,81,714 models through the corresponding month of final 12 months.
Complete two-wheeler gross sales in February 2023 marginally fell to 2,67,026 models from 2,67,625 models recorded in the identical month of final 12 months.
Two-wheeler gross sales within the home market grew by 28 per cent to 2,21,402 models from 1,73,198 models offered in February 2022.
Gross sales of bikes dropped to 1,26,243 models in February 2023 as in comparison with 1,43,523 models recorded in the identical month of final 12 months.
Scooter gross sales witnessed a 21 per cent bounce by registering 1,04,825 models in February 2023 from 86,616 models offered in February 2022, the corporate stated.
On its electrical automobile enterprise, TVS Motor stated it recorded its highest ever gross sales of 15,522 models in February 2023 breaching the 15,000-mark as in comparison with 2,238 models offered within the corresponding month of final 12 months.
TVS iQube electrical scooters have been receiving a heartening response from prospects. It’s now out there in additional than 100 cities throughout 200 contact factors, promoting greater than 10,000 models for the fourth consecutive month with a robust order pipeline, the corporate stated.
On exports, the city-based agency stated the entire gross sales below worldwide enterprise in February stood at 53,405 models as in opposition to 1,07,574 models offered in February 2022.
Two-wheeler exports slipped to 45,624 models in February as in comparison with 94,427 models recorded in the identical month of final 12 months.
Three-wheeler gross sales in February declined to 9,124 models from 14,089 models offered in February 2022, the corporate stated.
(Solely the headline and movie of this report could have been reworked by the Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)