Monthly Update1 Jun 2024, 05:43 pm
TVS Motor Company's May 2024 Sales Grows by 12%, Exports Surge by 27%
AI Summary
TVS Motor Company Limited, a renowned two and three-wheeler manufacturer, has reported a 12% growth in its sales for May 2024. The total sales increased from 330,609 units in May 2023 to 369,914 units in May 2024. The two-wheeler segment registered a growth of 13%, with domestic sales increasing by 7% and motorcycle sales growing by 7%. Scooter sales saw a significant growth of 20%. Electric vehicles grew by 4%. The company's total exports grew by 27%, with two-wheeler exports increasing by 33%. However, three-wheeler sales decreased by 9%.
Key Highlights
- TVS Motor Company's sales grow by 12% in May 2024
- Domestic two-wheeler sales increase by 7%
- Motorcycle sales register a 7% growth
- Scooter sales see a significant 20% growth
- Total exports surge by 27%, with two-wheeler exports up by 33%