Total two-wheelers sales grew by 34% to 352,103 units in November 2023 from 2,63,642 units sold in November 2022. Domestic two-wheeler sales climbed 50% to 2,87,017 units in November 2023 as against 191,730 units sold in the same period a year ago.

Motorcycle registered a sales of 1,72,836 units in November 2023, rising 19% from 1,45,006 units sold in November 2022. Scooter sales of the company reported 135,749 units in November 2023 as compared to the sale of 83,679 units in November 2022, recording a growth of 62%.

The company's total exports delclined 10.62% to 75,203 units in November 2023 as against 84,134 units in November 2022. Two-wheeler exports fell 9.49% to 65,086 units in November 2023 from 71,912 units sold in the similar period last year.

In the three-wheeler segment, the sales of the company reduced by 10.04% to 12,128 units in November 2023 from 13,481 units in November 2022.

In the electric vehicle segment, the company sold 16,782 units of TVS iQube Electric in November 2023, reporting a growth of 66.89% as against sales of 10,056 units sold in November 2022.

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 company has recorded 32% growth in net profit to Rs 537 crore in Q2 FY24 from Rs 408 crore in Q2 FY23. During the quarter, the company’s operating revenue grew by 13% to Rs 8,145 crore as against Rs 7,219 crore in Q2 of last year.

Shares of TVS Motor Company gained 1.98% to end at Rs 1,907.70 on the BSE.