TVS Motor Company has reported a 25% increase in monthly sales for December 2023. The company sold 301,898 units during this period, compared to 242,012 units sold in December 2022., Auto News, Times Now
Two-wheelers sales were at 2,90,064 units in December 2023 as compared to 2,27,666 units in the same month last year, up 27 per cent, TVS Motor Company said in a statement.
TVS Sales: TVS Motor currently has a presence in 80 countries and draws 35% of its revenues from overseas markets. As part of its globalisation push, the company will soon announce a partnership for Europe, where it currently doesn t have a presence. It has multiple partnerships in place for products, services and providing mobility. It s an early-stage investor in Ultraviolette, a Bengaluru-based electric motorcycle maker.
For FY24, GDP is expected to be around 5.5% by various sources. Despite the difference in the specific forecasts, the general agreement is that India’s GDP growth will remain highest among major economies, said TVS Motor Company s Chairman. He added that the automaker maintains a cautiously optimistic view for the India business during the fiscal 2023-24.