TVS Motor Sale: TVS Motors expects to maintain its growth momentum in the current financial year

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TVS Motor Sale : TVS Motor Company expects to maintain its growth momentum in the current financial year due to the strength of the economy and continuous improvement in road infrastructure. According to the company, due to increase in exports in 2023-24, there will be good demand in the premium bike and scooter segment. Apart from this, support will also be available from electric two-wheelers.

TVS Motors said in its annual report for 2022-23 that it has an optimistic outlook for the current financial year. The company said that there is a general consensus that India will continue to lead the growth rate among major economies. Along with this, the demand for two-wheelers will remain strong due to improvement in road infrastructure.

TVS registered a growth of 22.8 percent on an annual basis in 2022-23, while the industry average was 15.5 percent during this period. In the annual report, it was said that in the event of monsoon being affected due to El Nino, sales in rural areas may be affected.

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