TVS Motor Sales Rise 7% Despite Supply Chain Issues

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AuthorIshaan Verma|Published at:
TVS Motor Sales Rise 7% Despite Supply Chain Issues
Overview

TVS Motor Company reported a 7% year-over-year sales increase in April, selling 473,970 units. Growth was strong in electric vehicles and three-wheelers. However, the company noted that supply chain problems, like raw material shortages and limited shipping containers, restricted dispatch volumes.

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TVS Motor Company reported a 7% year-over-year increase in April sales, with total units sold reaching 473,970. This marks a solid gain from the 443,716 units sold in April last year.

Segment Performance

Sales in the two-wheeler division rose 6% to 455,333 units, up from 430,150 units. The motorcycle segment sold 200,039 units, and the scooter segment sold 211,158 units. The three-wheeler segment showed strong growth, surging 37% to 18,637 units from 13,566 units a year ago. Electric vehicles in the company's lineup also saw strong momentum, with sales jumping 36% to 37,771 units from 27,684 units.

Supply Chain Issues Affect Dispatches

Despite the positive sales figures, TVS Motor highlighted ongoing supply chain disruptions affecting production and dispatches. The company cited issues with workforce availability, shortages of raw materials from suppliers, and limited container capacity for international deliveries. International business sales grew by a marginal 3% to 120,008 units. These operational challenges highlight the difficulty of balancing demand with production in the current automotive market.

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