Bengaluru, Karnataka, India
- Q3 sales growth at 10%
- Exports grew by 22% in December 2024
TVS Motor Company recorded monthly sales of 321,687 units in December 2024 with a growth of 7% as against 301,898 units in the month of December 2023.
Two-Wheeler
Total two-wheelers registered a growth of 8% with sales increasing from 290,064 units in December 2023 to 312,002 units in December 2024. Domestic two-wheeler registered 215,075 units in December 2024 as against 214,988 units in December 2023.
Motorcycle registered sales of 144,811 units in December 2024 as against 148,049 units in December 2023. Scooter registered a growth of 30% with sales increasing from 103,167 units in December 2023 to 133,919 units in December 2024.
Electric Vehicle
The Company sold 20,171 units in December 2024 as against 11,288 units in December 2023, registering a growth of 79%.
International Business
The Company’s total exports grew by 22% increasing from 85,391 units registered in December 2023 to 104,393 units in December 2024. Two-wheeler exports registered a growth of 29% with sales increasing from 75,076 units registered in December 2023 to 96,927 units in December 2024.
Three-Wheeler
Three-wheeler of the Company registered sales of 9,685 units in December 2024 as against 11,834 units in December 2023.
Third Quarter Sales Performance
During the third quarter of the current financial year, two-wheelers posted a robust growth of 11% with sales of 11.8 lakh units as against sales of 10.6 lakh units in the third quarter of FY 23-24. Three-wheeler of the Company registered sales of 0.29 lakh units in the third quarter of the current year as against 0.38 lakh units in the third quarter of FY 23-24. Two-wheeler sales include EV sales of 0.76 lakh units in the third quarter of FY 24-25 as against 0.48 lakh units in the third quarter of FY 23-24 with a growth of 57%.
