TVS Electric Scooters in India

FADA (Federation of Automobile Dealers Associations) has announced its September 2024 sales report that registered a YoY decline of 8.51% and a MoM decline of 10.01%.  CategorySeptember 2024September 2023YoY %August 2024MoM %2-Wheeler1,204,2591,316,300 -8.51%1,338,237-10.01% In September 2024, the industry clocked in a total sales volume of 1,204,259 units, whereas in September 2023, the industry saw sales of 1,316,300 units. This resulted in an 8.51% decline in YoY growth. Moreover, a 10.01% decline in MoM sales is seen, as in August 2024, sales figures were 1,338,237 units. OEM-wise Market Share Data for September 2024 with YoY % 2-Wheeler OEMs Sales Figures & Market Share in September 2024Hero MotoCorp LTD sold the most two-wheelers in September 2024, with 3,33,927 units. This is a 4.53% decline from the 349,784 units they sold in September 2023. However, their market share increased by 4.35%. Honda Motorcycle and Scooter India came in second, selling 271,390 units in September 2024. This is a 22.96% decline from the 352,254 units they sold in September 2023. Their market share also declined by 15.79%. TVS Motor Company Ltd was third, selling 221,257 units in September 2024 compared to 229,381 units sold in September 2023. Their sales declined by 3.54%, and the market share increased by 5.43%. Bajaj Auto Ltd showed a 5.32% decline in sales, selling 141,668 units in September 2024 compared to 149,633 last year. Its market share increased slightly to 3.49%. Suzuki Motorcycle India witnessed a decent growth of 0.61% YoY, with 74,287 units sold in September 2024, compared to 73,837 in September 2023. Suzuki’s market share also rose to 9.97%. Royal Enfield motorcycles experienced a 10.37% decline in sales, with 57,504 units sold in September 2024, down from 64,159 last year. Its market share decreased to 2.03%. Yamaha India sold 50,065 units in September 2024, which is a 0.86% increase from 49,639 units in September 2023. Moreover, their market share increased to 10.24%.  In September 2024, Ola Electric reported total sales of 24,679, a whopping 31.90% increase compared to September 2023 sales of 18,711 units. Moreover, the company also gained a 44.17% market share rise.  Ather Energy Pvt Ltd sold 12,718 units in September 2024. For comparison, the company registered sales of 7,195 units in September 2023, reporting an increase of 76.76%. Moreover, on the market share front, the company also experienced an increase of 93.21% this month. Greaves Electric Mobility Pvt Ltd clocked in a total sales unit of 2,777 in September 2024, as compared to 3,613 units sold in September 2023. Due to this, the company saw a decline of 23.14% this month. Apart from this, the company also experienced a decline in its market share by 15.99% for September 2024.  Piaggio sold 2,562 units in September 2024, a 13.27% decrease from the 2,954 units sold in September 2023. The company’s market share also dropped slightly to 5.20%. Classic Legends, which offers retro-style motorcycles, sold 2,125 units in September 2024. This represents a 14.42% decline from the 2,483 units sold in September 2023. Their market share also fell to 6.46%. Bgauss Auto Private Limited Sold 1,237 Units in September 2024 compared to 935 Units last year in the same month. This shows an impressive growth of 32.30%.  The "Others Including EV" category showed the biggest decline, dropping by 31.21% YoY, with sales of 8,063 units, down from 11,722 in September 2023. Before you go, don’t forget to check out the discounts available on TVS iQube scooter. Follow us for the Latest Bike Industry UpdatesFacebook - https://bit.ly/BikeJunction_offl_fb  Instagram-  https://bit.ly/BikeJunction_ofl_insta  Twitter - https://bit.ly/BikeJunction_ofl_twitter 

Selected iQube variants are available with discounts of up to ₹20,000 nationwide. TVS Motor is also offering cashbacks on specific models under the TVS iQube lineup. These offers vary from state to state and are valid until the end of this month. The all-popular TVS iQube electric scooter, which comes with a discount of as much as Rs 20,000, has been one of the most sought-after scooters by green warriors.  Highlights:Discounts up to ₹20,000 on iQube models.Three variants: TVS iQube 2.2 kWh, iQube 3.4 kWh, iQube S 3.4 kWh.Extended warranty included for iQube S variant.Hub-mounted motor delivers 4.4 kW power.Competes with Ather 450, Ola S1, Bajaj Chetak.The limited-period promotional offer is expected to promote electric mobility and make it even more affordable. The sleekly designed TVS iQube with advanced features boasts an impressive range, thus drawing people towards this growing EV market. From daily commutes to just enjoying the ride, this discount offers consumers looking to switch to electric without breaking into their wallets.  Attractive Discounts on TVS iQube Electric Scooter ModelsIn a bid to ease off excess inventory, TVS is offering a host of attractive discounts on its iQube electric scooter lineup. The discounts are applicable for three models: 2.2 kWh, 3.4 kWh, and iQube S 3.4 kWh. While select states saw cut-to-the-chase discounts of up to ₹17,300 on the iQube 2.2 kWh, it saw discounts of up to ₹20,000 on the iQube 3.4 kWh. Though there is no direct cash discount for the iQube S 3.4 kWh, the free extension of warranty for 5 years or 70,000 km, worth ₹5,999, will be included with it. Disclosure: Discounts may differ by city and are dependent on stock availability. Please consult your local dealer for precise details. The hub-mounted motor in the TVS iQube churns out a maximum power of 4.4 kW and a torque of up to 140 Nm. The scooter comes in three variants, depending on the battery type: 2.2 kWh, 3.4 kWh, and 5.1 kWh. In addition to the standard features, the scooter comes with a massive 5-inch TFT display with Bluetooth connectivity. If one looks at models such as the Ather 450X, the Ola S1 Pro, and the Bajaj Chetak, then this electric scooter niche will definitely be dominated by the performance of the TVS iQube.Before you go, have a look at the ZELIO Ebikes Launches the Eeva ZX+ in IndiaFollow us for the Latest Bike Industry UpdatesFacebook - https://bit.ly/BikeJunction_offl_fbInstagram-  https://bit.ly/BikeJunction_ofl_instaTwitter - https://bit.ly/BikeJunction_ofl_twitter 

In September 2024, TVS Motor Company saw a 22% rise in two-wheeler sales, selling 471,792 units compared to 386,955 units in September 2023. TVS Motorcycle sales went up by 23%, with 229,268 units sold. Meanwhile, TVS scooter sales increased by 20%, reaching 186,751 units compared to 155,526 units last year. This shows strong consumer demand for TVS scooters and bikes. Particulars September 2024September 2023Change %Motorcycles 229,268186,43823%Scooters 186,751155,52620%Domestic Sales 369,138300,49323% Exports Sales 102,65486,46219%Total471,792386,95522% TVS’s Domestic & Exports Two-Wheeler Sales in September 2024In Domestic Sales, TVS Motor Company saw a 23% increase in two-wheeler sales in September 2024, selling 369,138 units compared to 300,493 units in September 2023. Moreover, export sales also increased by 19%, with 102,654 units sold in September 2024 compared to 86,462 units in September 2023. TVS Motors’s Second Quarter Sales FY 2024-25In the second quarter of FY 2024-25, TVS Motors saw a 15% growth in two-wheeler sales. Sales went up from 10.31 lakh units in the same period last year to 11.90 lakh units this year.TVS Motors' total exports grew by 11%. Export sales increased from 2.77 lakh units last year to 3.09 lakh units this year. TVS Electric Vehicles Sales in September 2024 TVS recorded significant growth in EV sales, reaching 28,901 units compared to 20,356 units in September 2023. The company has seen a massive 42% increase in EV sales.  Before you go, don’t forget to check out Bajaj two-wheeler sales in September 2024. Follow us for the Latest Bike Industry UpdatesFacebook - https://bit.ly/BikeJunction_offl_fb Instagram-  https://bit.ly/BikeJunction_ofl_insta Twitter - https://bit.ly/BikeJunction_ofl_twitter