September proved to be a very successful month for TVS Motor Company. During this month, the company sold 672,790 units of vehicles, demonstrating a growth of 24.35 percent compared to the same period last year. Looking at monthly figures, sales in August increased by 9.12 percent.
The company's significant growth was achieved thanks to strong results in the electric scooter segment and exports. In addition to two-wheeler sales, there is an improvement in the three-wheeler segment.
From July to September, TVS Motor sold over 18.40 million two-wheelers. In the domestic market, two-wheeler sales showed an increase of 24.05 percent, while exports grew by 34.37 percent. Including the three-wheeler business, the company's international business reached over 5.39 million units with a growth of 34.82 percent.
The share of exports in total quarterly sales is 28.11 percent. TVS's two-wheeler sales reached 645,955 units in September, showing a growth of 23.29 percent. The domestic market consumed 482,073 units.
Exports account for a quarter of the company's total two-wheeler sales volume. Regarding electric scooters, 65,799 electric scooters were sold in September thanks to the iQube and Orbiter models. The company's annual growth in this segment was 110.45 percent, and compared to August, it was 10.67 percent.
The share of electric scooters in the company's total sales is 10.19 percent. For the quarter from July to September, electric scooter sales grew by 132.71 percent, reaching 186,186 units. In September, the company also sold 26,835 three-wheelers, showing an annual growth of 56.55 percent in this segment.
