Motorcycle registered a growth of 10% with sales increasing from 169,322 units in September 2022 to 186,438 units in September 2023. Scooter registered a growth of 8% with sales increasing from 144,356 units in September 2022 to 155,526 units in September 2023.

The company's total exports registered a growth of 8% with sales increasing from 92,975 units in September 2022 to 100,294 units in September 2023. Two-wheeler exports registered a growth of 11% with sales increasing from 77,851 units in September 2022 to 86,462 units in September 2023. Both retails and despatch have begun to improve in the IB markets.

In electric vehicle segment, the company sold 20,356 units of TVS iQube Electric in September 2023, registering the growth of 313.49% as against 4,923 units sold in September 2022.

In three wheeler segment, the company sales declined 9.74% to 15,598 units in September 2023 as against 17,282 units in September 2022.

In Q2 FY24, two-wheelers posted a growth of 6% with sales of 10.31 lakh units as against sales of 9.77 lakh units in the Q2 FY23.

Three-wheeler registered sales of 0.43 lakh units in the Q2 FY24 as against 0.51 lakh units in Q2 FY23.

TVS Motor Company is a reputed two and three-wheeler manufacturer globally. It has four manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. TVS Motor's group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Its subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland.

The 2-wheeler maker's standalone net profit surged 45.9% to Rs 467.67 crore on 20.12% rise in revenue from operations to Rs 7,217.91 crore in Q1 FY24 over Q1 FY23.

The scrip fell 0.12% to Rs 1,521.20 on the BSE.