TVS Motor Company Limited — Important, 01-12-2024: Monthly Business Updates

TVS Motor Company reported a 10% increase in sales, reaching 401,250 units in November 2024 compared to 364,231 units in the same month last year. Total two-wheeler sales saw a 12% rise, climbing from 352,103 units to 392,473 units. Domestic two-wheeler sales grew by 6%, from 287,017 units to 305,323 units. Motorcycles saw a 4% increase with sales rising from 172,836 to 180,247 units, while scooters surged by 22%, from 135,749 to 165,535 units. Notably, electric vehicle sales soared by 57%, up from 16,782 units to 26,292 units. In the international market, total exports grew by 25%, with two-wheeler exports up by 34%, from 65,086 units to 87,150 units. However, three-wheeler sales declined to 8,777 units from 12,128 units. This sales performance indicates a positive outlook for TVS Motor, driven by robust demand in the two-wheeler and electric vehicle segments, positioning the company well in the competitive landscape.