TVS Motor Company saw a 6% increase in total two-wheeler sales in June 2024 compared to June 2023. They sold 322,168 units, up from 304,401 units last year. Motorcycle sales grew by 3%, with 152,701 units sold in June 2024 compared to 148,208 units in June 2023.
Additionally, scooter sales increased by 6%, reaching 128,986 units compared to 121,364 units in the same month last year. This growth shows strong consumer demand for TVS bikes and scooters.
Particulars | June 2024 | June 2023 | Change % |
Motorcycles | 152,701 | 148,208 | +3% |
Scooters | 128,986 | 121,364 | +6% |
Domestic Sales | 255,734 | 235,833 | +8% |
Exports Sales | 66,434 | 68,568 | -3.11% |
Total | 322,168 | 304,401 | +6% |
In June 2024, TVS Motor Company saw an 8% increase in two-wheeler sales in India, selling 255,734 units compared to 235,833 units in June 2023. However, exports dropped by 3.11%, with 66,434 units sold in June 2024 compared to 68,568 units in June 2023.
This shows strong demand for TVS scooters and motorcycles in India and internationally. The company's performance is positive in the market.
TVS recorded significant growth in electric vehicle (EV) sales, reaching 15,859 units compared to 14,462 units in June 2023. The company has seen a decent 10% increase in EV sales. This surge highlights the increasing interest and adoption of electric vehicles in India.
In the first quarter of the financial year 2024-25, the company's two-wheeler sales grew by 15%, increasing from 9.18 lakh units in the first quarter of 2023-24 to 10.56 lakh units.
Before you go, don’t forget to check out Bajaj two-wheeler sales in June 2024.
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