TVS Motor Company recorded a 10% increase in total sales for November 2024, with the number of units sold rising to 401,250, compared to 364,231 units in November 2023. The growth highlights the company’s strong performance across multiple segments.
Two-Wheeler Sales
- Total two-wheeler sales grew by 12%, reaching 392,473 units in November 2024, compared to 352,103 units in the same month last year.
- Domestic two-wheeler sales increased by 6%, rising from 287,017 units to 305,323 units.
- Motorcycles registered a 4% growth, with sales increasing from 172,836 units to 180,247 units.
- Scooters saw a notable 22% growth, with sales jumping from 135,749 units to 165,535 units.
Electric Vehicle (EV) Sales
- EV sales saw an impressive 57% surge, with units sold rising from 16,782 in November 2023 to 26,292 in November 2024.
International Business
- Total exports increased by 25%, with sales climbing from 75,203 units to 93,755 units.
- Two-wheeler exports specifically saw a robust 34% growth, rising from 65,086 units to 87,150 units.
Three-Wheeler Sales
- The three-wheeler segment registered sales of 8,777 units in November 2024, down from 12,128 units in the previous year.
This consistent growth, particularly in the electric vehicle segment and exports, underscores TVS Motor’s expanding global footprint and its focus on innovative mobility solutions.
