The company's total two-wheeler sales increased by 5% YoY to 307,559 units in March 2023. Two-wheeler sales in the same period last year aggregated to 292,918 units. Motorcycle sales added up to 141,250 units (down 12% YoY) and Scooter sales aggregated to 128,817 units (up 5% YoY) during the period under review.

Sales of two-wheelers in the domestic market rose by 22% to 240,780 units in March 2023 from 196,596 units in March 2022.

TVS iQube electric recorded sales of 15,364 units in March 2023 as against sales of 1,799 units in March 2022.

Three-wheeler sales of the company stood at 9,593 units in March 2023 as against 15,036 units March 2022, down 36% YoY.

The company's total exports fell to 75,037 units in March 2023 from 109,724 units March 2022, down 32% YoY. Exports of two-wheeler declined by 30% to 66,779 units in March 2023 from 95,962 units March 2022.

During the fourth quarter of the financial year 2022-23, two-wheeler of the company registered sales of 8.40 lakh units of sales as against 8.15 lakh units registered in the fourth quarter of financial year 2021-22, up 3% YoY.

Three-wheeler of the company registered sales of 0.29 lakh units in the fourth quarter of financial year 2022-23 as against 0.42 lakh units in the fourth quarter of the financial year 2021-22, down 31% YoY.

Total exports registered sales of 1.85 lakh units in the current quarter as against 3.15 lakh units in the third quarter of FY 21-22.

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 reported 22% rise in standalone net profit to Rs 353 crore on a 15% increase in revenue to Rs 6,545 crore in Q3 FY23 over Q3 FY22.