See Details >
For Growing Businesses
See Details >
For Expanding Enterprises
See Details >
For Large Corporations
TVS Motor reports 7% YoY growth in December sales, with electric vehicle (EV) sales rising 79% to 20,171 units, up from 11,288 units last year.
Date: January 3, 2025
Hosur - TVS Motor Company., an automobile company, reported a 7% year-on-year increase in December sales, totaling 321,687 units. While two-wheeler sales raise by 8%, three-wheeler sales declined by 18% in December 2024.
The company saw an increase in total two-wheeler sales, reaching 312,002 units in December, up from 290,064 units in the same month last year. Of this, 215,075 units were sold in the domestic market, a slight rise from 214,988 units sold in the previous year.
Scooter sales saw a strong 30% growth, reaching 133,919 units, while motorcycle sales fell to 144,811 units, down from 148,049 units in December 2023. However, three-wheeler sales dropped by 18% year-on-year to 9,685 units in December.
Electric vehicle (EV) sales surged to 20,171 units in December, reflecting a 79% year-on-year increase from 11,288 units. The company has emphasized EVs as a top priority and plans to expand its portfolio with more affordable two-wheelers. Additionally, TVS Motor exported 96,927 two-wheelers, a 29% increase from 75,076 units in the same period last year. Overall, total exports grew by 22% year-on-year, reaching 104,393 units in December 2024.
The company experienced robust growth of 11%, with total sales of 11.8 lakh two-wheelers. Of this, electric two-wheeler sales reached 76,000 units, up from 48,000 units in the third quarter of FY24. However, three-wheeler sales declined to 29,000 units, down from 38,000 units in the same quarter of the previous year.
Race Auto India is a B2B publication that offers insightful analysis on the latest news, views, and trends in the automotive industry and its associated sectors. With over 10 years of experience in the field of Commercial Vehicles, Logistics, and Market Research, the team at Race Auto India comprises distinguished experts who have a proven track record of delivering high-quality researched content.
 1.png?w=96&q=75){kind=small}
 1.png?w=96&q=75){kind=small}
 1.png?w=96&q=75){kind=small}
 1.png?w=96&q=75){kind=small}
 1.png?w=96&q=75){kind=small}
