TVS Motor Company Limited — Important, 02-01-2025: Monthly Business Updates

TVS Motor Company reported sales of 321,687 units in December 2024, marking a growth of 7% from 301,898 units in December 2023. Two-wheelers saw an 8% increase, with sales rising from 290,064 units to 312,002 units year-over-year. Domestic two-wheeler sales were stable at 215,075 units compared to 214,988 units in the previous year. Motorcycle sales dipped slightly to 144,811 units from 148,049 units, but scooters performed well, growing 30% to 133,919 units. In the electric vehicle segment, sales surged by 79%, reaching 20,171 units. Exports also showed strength, with total units increasing by 22% to 104,393. The third quarter demonstrated robust growth in two-wheeler sales at 11%, totaling 11.8 lakh units, while three-wheelers saw a decline in sales to 0.29 lakh units. Electric two-wheeler sales reached 0.76 lakh units, up 57% year-over-year, highlighting strong demand in the growing EV market. The outlook remains positive as the company capitalizes on growth opportunities in both domestic and international markets.