Hosur, (Tamil Nadu): Two and three-wheeler makers TVS Motor Company has registered its highest ever sales in FY 2023-24.
Total Sales in FY 2023-24 stood at 41.91 lakh units with 14% growth.
The total sales in March 2024 increased by 12%, with sales increasing from 317,152 units in March 2023 to 354,592 units in March 2024, a company release said here.
Total two-wheelers registered a growth of 12% with sales increasing from 307,559 units in the month of March 2023 to 344,446 units in March 2024. Domestic two-wheeler registered growth of 8% with sales increasing from 240,780 units in March 2023 to 260,532 units in March 2024.
Motorcycle registered a growth of 22% with sales increasing from 141,250 units in March 2023 to 171,611 units in March 2024. Scooter registered a growth of 2% with sales increasing from 128,817 units in March 2023 to 131,472 units in March 2024.
The company achieved the highest Vahan retails in March 2024. Electric Vehicle dispatches are moderated for smooth transition into the new EV incentive scheme from the Government. The electric vehicles recorded sales of 15,250 units in March 2024 as against sales of 15,364 units in March 2023.
The total exports registered a growth of 23% with sales increasing from 75,037 units in March 2023 to 91,972 units in March 2024. Two-wheeler exports registered a growth of 26% with sales increasing from 66,779 units in March 2023 to 83,914 units in March 2024.
Three-wheeler registered a growth of 6% with sales increasing from 9,593 units in March 2023 to 10,146 units in March 2024.
During the fourth quarter of the financial year 2023-24, two-wheeler of the company registered a growth of 23% with sales increasing from 8.40 lakh units in the fourth quarter of financial year 2022-23 to 10.32 lakh units.
Three-wheeler of the company registered a growth of 4% with sales increasing from 0.29 lakh units in the fourth quarter of financial year 2022-23 to 0.30 lakh units in the fourth quarter of the financial year 2023-24.
Total exports registered a growth of 40% with sales increasing from 1.85 lakh units in the last quarter of FY 2022-23 to 2.50 lakh units in the current quarter.
"During the financial year 2023-24, the company registered a growth of 14% with total sales increasing from 36.82 lakh units in FY 2022-23 to 41.91 lakh units. Two-wheeler sales of the company registered a growth of 15% with sales increasing from 35.12 lakh units in FY 2022-23
to 40.45 lakh units in FY 2023-24. Three-wheeler of the company registered 1.46 lakh units in
FY 2023-24 as against 1.69 lakh units in FY 2022-23. Total exports registered 10.13 lakh units
sales in FY 2023-24 as against 10.68 lakh units in FY 2022-23", the release said.