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TVS Motor Registers its Highest Monthly Sales in October, iQube Getting Strong Demand

TVS Motor Registers its Highest Monthly Sales in October, iQube Getting Strong Demand
Written by Manoj Kadam
TVS Motor Registers its Highest Monthly Sales in October, iQube Getting Strong Demand

TVS Motor Registers its Highest Monthly Sales in October, iQube Getting Strong Demand

TVS, one of the big two-wheeler companies, has achieved its highest monthly sales in October. Last month the company sold 4,34,714 units. This is an increase of 21 percent compared to the same period last year. Sales of the company's scooters increased by 22 percent to 1,65,135 units.

Last month, sales of TVS motorcycles increased by almost 23 percent to 2,01,965 units. There has been a strong increase in the sales of the company's electric scooter iQube. Last month, TVS sold 20,153 units of iQube. In the same month last year, this figure was 8,103 units. Last month the company's exports increased by six percent to 87,952 units.

Recently, TVS Motor's iQube had crossed the total sales mark of one lakh units. To meet its increasing demand, the company has made preparations to increase its production. iQube competes with Ola S1 Pro and Ather 450X. This electric scooter has a 3.4 kWh battery. Its range in a single charge is about 100 kilometers. Its top speed is 78 kilometers per hour. Its another variant iQube ST has a 5.1 kWh battery. Its range is about 145 kilometers and top speed is 82 kilometers per hour. It can be charged up to 80 percent in about five hours. This electric scooter has a 5 inch display and its ST variant has a 7 inch display.

The company also launched a new electric scooter TVS X. Its price is around Rs 2.5 lakh. This electric scooter has 12 inch alloy wheels and a storage capacity of 19 liters inside the seat. Sales of electric two-wheelers have increased rapidly in the last few years. Ola Electric has the first position in the electric two-wheeler segment. A few months ago, the central government had cut the FAME-II subsidy. After this the prices of electric two-wheelers had increased. In this year's Economic Survey, it was told that the market of electric vehicles in the country is likely to increase to one crore units annually by 2030. It is expected that this will generate approximately five crore direct and indirect jobs.

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Automobile, TVS, Battery, Speed, Market, Range, Ola Electric, Manufacturing, Demand, Subsidy, Price

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Manoj Kadam

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