TVS Motor Jun 22 Auto Sales Climb 22% YoY

TVS Motor Company recorded 22% growth in June 2022 with sales of 308,501 units compared to 251,886 units in the month of June 2021.

Total two-wheelers saw 23% growth in June 2022 with sales rising to 293,715 units in June 2022 from 238,092 units in June 2021.

While motorcycles held steady at 146,075 units, the company’s scooter sales increased to 105,211 units in June 2022.

“Semiconductor supply shortages have impacted the production and sales of high-end two-wheelers. We are working aggressively with other sources and making every effort to improve supply as much as possible. early. Some improvement has been seen this month. We are optimistic volumes will return to normal levels as semiconductor supply continues to improve,” TVS Motor Company said.

The company’s total exports increased by 8% to 114,449 units in June 2022 from 106,246 units in June 2021.

The company’s three-wheeler sales increased 7% to 14,786 units in June 2022 from 13,794 units in June 2021.

In the first quarter of the current fiscal year, two-wheeler sales increased by 39% to 8.6 lakh units in the current quarter from 6.2 lakh units in the first quarter FY21-22.

The company’s three-wheeler recorded an 18% growth from 0.39 lakh units in the first quarter of FY21-22 to 0.46 lakh units in the first quarter of the current year.

TVS Motor Company, part of the TVS Group, is a manufacturer of two and three wheelers.

The company recorded a 5.1% decline in its standalone net profit to Rs 274.50 crore for the quarter ended March 2022 from Rs 289.24 crore in the quarter ended March 2021. raised to Rs 5,530.31 crore in Q4 FY22 from Rs 5,321.93 crore in Q4. FY21, registering a growth of 3.9%.

The certificate gained 2.60% to end at Rs 863.60 on Friday.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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