TVS Motor Company registered a growth of 15 percent in August 2022 with sales of 333,787 units as against 290,694 units in the month of August 2021.
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The company sold 64,654 units in the domestic market and exported 14,905 units in August 2022.
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Exports for the month were at 2,912 vehicles. In the Commercial Vehicles segment, Mahindra sold 21,492 vehicles in August 2022.
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The Sonet X-Line is offered exclusively in a 1.0 T-GDi petrol engine with 7DCT configuration and a 1.5-litre CRDi diesel engine with 6AT configuration.
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In the domestic market, the company sold 13,301 units of total vehicles in August 2022, up 58 percent compared with 8,400 units sold in the same period last year.
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The company is also set to launch CSR 762 bike which will come with battery swapping technology.
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At present, battery cells are not manufactured in India, and thus most OEMs rely on imports, and manufacturing operations in India are limited to the assembly of battery packs. Investments in cell manufacturing are estimated to exceed Rs. 70,000 crore by 2030 says ICRA
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Deliveries for the new Audi Q3 will begin towards the end of the year.
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The company has recorded over 2 lakhs monthly seat capacity and 80 per cent increase in revenue.
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Iyer replaces Martin Schwenk who will assume the responsibility as the President and Chief Executive Officer of Mercedes-Benz Thailand.
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