Shares of TVS Motor Company rose by 1.75% to ₹2,477 in Monday’s trade, driven by strong sales performance in November 2024. The company reported a 10% year-on-year growth in total sales, reaching 401,250 units, up from 364,231 units in November 2023.
Key November 2024 Sales Highlights
Two-Wheeler Sales
- Total sales: Increased by 12% to 392,473 units (November 2023: 352,103 units).
- Domestic sales: Grew by 6%, from 287,017 units to 305,323 units.
- Motorcycles: Sales rose by 4%, from 172,836 units to 180,247 units.
- Scooters: Recorded a robust 22% growth, with sales jumping from 135,749 units to 165,535 units.
Electric Vehicle (EV) Sales
- EV sales saw a significant 57% surge, with units sold increasing from 16,782 to 26,292, reflecting TVS’s focus on sustainable mobility solutions.
International Business
- Total exports: Increased by 25%, reaching 93,755 units (November 2023: 75,203 units).
- Two-wheeler exports: Noted a strong 34% growth, from 65,086 units to 87,150 units.
Three-Wheeler Sales
- Sales in this segment declined to 8,777 units, down from 12,128 units in November 2023.
Market Reaction
The consistent growth in two-wheeler sales, particularly in EVs and exports, highlights TVS Motor’s expanding global presence and innovative product offerings. This has boosted investor sentiment, reflected in the stock’s upward movement.
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