TVS iQube registers best-ever sales in a single month in November

TVS Motor Company reported its wholesale figures for the month of November 2022 and the company sold 277,123 units, registering a two per cent growth over 272,693 units sold in November 2021. The Hosur-based manufacturer’s volumes were driven by two-wheelers that stood at 263,642 units, but it was the electric vehicle space that saw a major spike in sales. The company’s only electric vehicle on sale, the TVS iQube registered its best-ever sales in a single month at 10,056 units. Considering the company sold only 699 units of the iQube in November 2021, the growth is massive.

TVS introduced the Special Edition Apache RTR 160 4V last month

With respect to two-wheeler sales, TVS registered a two per cent growth when compared to 257,863 units sold in November 2021. Domestic two-wheeler volumes grew by nine per cent at 191,730 units, up front 175,940 during the same period last year. Motorcycles remained the larger contributor at 145,006 units in November 2022, a hike of four per cent when compared to 140,097 in November last year. Scooters registered a growth of 12 per cent year-on-year with sales increasing from 75,022 units in November 2021 to 83,679 units in November this year.

Exports, however, stood at 85,134 last month, a decline of 12 per cent over November 2021 when the company shipped 96,000 units overseas. Two-wheeler exports stood at 71,912 units last month, as against 81,923 units in November 2021. Lastly, TVS’ three-wheeler sales remained flat at 13,481 units in November this year, as opposed to 14,830 units during the same month last year.