TVS Motor Company experienced a surge in early trading on January 2, fueled by robust sales data for December 2023. Around 9:20 am, the company’s shares stood at Rs 2,035.45 each, marking an increase of Rs 16.15 or 0.80 percent on the BSE.
However, by 10:45 am, the shares faced a decline of nearly 3%.
The company reported an impressive 25 percent surge in sales for December 2023, reaching 3,01,898 units compared to 242,012 units in December 2022.
Within the two-wheeler segment, TVS Motor Company witnessed a substantial 27 percent growth, with sales totaling 2,90,064 units, a significant rise from 2,27,666 units in December 2022. Noteworthy was the 33 percent increase in domestic two-wheeler sales, reaching 214,988 units versus 161,369 units year-on-year.
Motorcycle sales witnessed a 19 percent uptick, rising from 124,705 units to 148,049 units. Concurrently, scooter sales experienced a robust 34 percent growth, reaching 103,167 units in December 2023 compared to 76,766 units in December 2022.
