TVS Motor Company closed December 2024 with total sales of 3.22 lakh units, marking a 7% year-on-year growth. Two-wheeler sales played a pivotal role, growing by 8% to 3.12 lakh units. Within this segment, scooters posted an impressive 30% rise, while electric scooters soared by 79%, balancing out a 2.19% decline in motorcycle sales.
Domestic sales stood at 2.15 lakh units, registering a modest 0.4% growth, while exports surged by 29.11% to 96,927 units. In Q3 FY24-25, TVS sold 11.8 lakh two-wheelers, achieving an 11% increase, with electric two-wheelers contributing 0.76 lakh units, up 57%. However, three-wheeler sales fell by 23.68%, totaling 0.29 lakh units for the quarter.
TVS Motor Company recorded impressive sales growth in November 2024, driven by a 33.90% surge in exports and a 6.38% rise in domestic sales, bringing total two-wheeler sales to 3.92 lakh units, an 11.47% year-on-year increase. The scooter segment showed strong momentum with a 21.94% growth, while the electric scooter category, led by the iQube, excelled with a remarkable 57% rise. The motorcycle segment also contributed, with 1.80 lakh units sold, reflecting a 4.29% increase compared to the 1.72 lakh units sold in November 2023.
TVS Motor Company is set to launch its first adventure bike in India, likely named the Apache RTX. This bike will be powered by the new 299cc RT-XD4 engine, first unveiled at TVS MotoSoul 2024. Designed for off-road enthusiasts, the engine produces 35bhp and 28.5Nm of torque and is paired with a 6-speed transmission. Unlike the Apache RR 310 and RTR 310, the RT-XD4 features ride-by-wire technology and a flatter torque curve, making it ideally suited for adventure riding across diverse terrains.
