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TVS increases scooter market share to 24% with half-a-million units in April-August

With 523,458 units, TVS Motor Co records best-ever scooter sales in the first 5 months of a fiscal and also substantially expands its market share.

By Ajit Dalvi

17 Jan 2023

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With 523,458 units sold in the first 5 months of FY2023, TVS has recorded its best-ever April-August sales. Over a year, it has gained 4.5 percentage points to now have a 24% market share.

The Jupiter, available in 110cc and 125cc versions, remains its best-seller.

Snazzy 125cc NTorq, also a strong seller, has recently received a marine blue colour on its Race Edition variant.

In May 2022, TVS launched the new iQube e-scooter with 140km range. Between April-August 2022, the iQube has gone home to 19,446 buyers. Since launch in January 2020, the iQube has sold 31,342 units.

The Indian two-wheeler industry, which is finally seeing demand returning albeit much lesser than that in the pre-Covid FY2019, also has the scooter market to thank for its improving fortunes. Of the total wholesales of 66,63,265 units (up 33%) in April-August 2022, scooters comprise 33% or 21,91,208 units (up 53%). A year ago, the scooter share was 28.5%, which translates into an increase of 4.5 percentage points.

Motorcycles with 42,92,050 units (up 26%) accounts for 64.41% of the total two-wheeler market. Compared to April-August 2021, motorcycles’ share has reduced – it was nearly 68% with 34,03,323 units out of ...

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