TVS Motor Sales April 2023
TVS Motor production and sales of premium two-wheelers have been severely affected due to AIS156 changeover and shortage of semiconductors
Sales of TVS Motor Limited increased by 3.70 percent YoY while MoM sales dipped 3.45 percent in April 2023. The TVS iQube has been seeing outstanding demand and sales of this electric scooter has reached an important sales milestone to 1 lakh units.
Total sales (domestic + exports – 2W and 3W) in the past month stood at 3,06,224 units, up 3.70 percent YoY over 2,95,308 units sold in April 2022. This was a volume growth of 10,916 units. It was however, a 3.45 percent MoM decline in sales (total 2+3W) from 3,17,152 units sold in March 2023 relating to a volume decline of 10,928 units.
TVS 2W Sales April 2023
Taking into account motorcycle sales, it was a YoY growth of 9.59 percent to 1,52,365 units in April 2023, up from 1,39,027 units sold in April 2022. Motorcycles command a 51.69 percent share. MoM sales also saw positive results with a 7.87 percent growth over 1,41,250 units sold in March 2023 when share percentage stood at 45.93. Scooter sales also increased YoY to 1,07,496 units, up 5.17 percent from 1,02,209 units sold in April 2022. However, MoM sales dipped 16.55 percent from 1,28,817 units sold in March 2023.
Electric Scooter sales also received a 338.52 percent YoY boost. The iQube electric scooter in this segment registered sales of 6,227 units, up from just 1,420 units sold in April 2022. Noting this increased demand, the company will be boosting production of this electric scooter from May 2023. MoM sales however, dipped 59.47 percent from 15,364 units sold in March 2023 relating to a 9,137 unit volume decline.
YoY and MoM dip in sales was seen in the case of TVS XL100 moped. Sales fell to 34,925 units in April 2023, down 9.95 percent from 38,786 units sold in April 2022. It was also lower by 6.85 percent when compared to 37,492 units sold in March 2023.
Total 2W domestic sales increased by 29.02 percent YoY but fell by 3.25 percent MoM to 2,32,956 units in April 2023. There had been 1,80,553 units sold in April 2022 but in March 2023 total 2W domestic sales had been at 2,40,780 units. On the other hand, 2W exports took a fall both in terms of YoY and MoM shipments.
Exports fell by 37.85 percent YoY to 61,830 units from 99,489 units shipped in April 2022. On a MoM basis, it was a 7.41 percent de-growth over 66,779 units shipped in March 2023. This took total 2W sales to 2,94,786 units in April 2023, up 5.27 percent over 2,80,022 units sold in April 2022 but down 4.15 percent over 3,07,559 units sold in March 2023.
TVS 3W Sales and Exports April 2023
Three wheeler domestic sales improved by 19.07 percent YoY to 1,605 units from 1,348 units sold in April 2022 with a 14.03 percent share on this list. It was also a 20.22 percent MoM growth from 1,335 units sold in March 2022 when share had stood at 13.92 percent. 3W export figures fell on a YoY basis by 29.45 percent to 9,833 units in April 2023 from 13,938 units sold in April 2022. This led to a 4,105 unit volume de-growth. MoM exports however grew by 19.07 percent from 8,258 units shipped in March 2023. TVS Motor 3W exports command a 85.97 percent share.
Total 3W sales were brought down by lower exports last month to 11,438 units, a dip of 25.17 percent from 15,286 units sold in April 2022 while MoM sales improved by 19.23 percent as compared to 9,593 units sold in March 2023. Domestic 2+3W sales improved by 28.95 percent to 2,34,561 units on a YoY basis but fell by 3.12 percent MoM over 2,42,115 units sold in March 2023. Exports of 2+3Ws were lower both on YoY and MoM basis to 71,663 units in April 2023.
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