Ad
Ad
TVS Motor’s Overall Sales hit 33% YoY Growth in February 2024
Share via:
Follow Us:
9,478 Views
TVS Motor's February 2024 Sales Soar with 33% Year-over-Year Growth, Reflecting Market Dominance and Strategic Expansion Efforts.
Key Highlights:
- TVS Motor's export segment witnessed a staggering 85.11% Year-over-Year growth.
- TVS Motor demonstrated a MoM growth of 8.52%.
- TVS motorcycle segment showed 45.77% Y0Y growth.
TVS Motor, India’s prominent manufacturer of two-wheelers (2W) and three-wheelers (3W), has continued its trend of growth, both domestically and internationally. In February 2024, the company achieved remarkable sales figures, reflecting its strategic expansion efforts and product innovation. The following analysis delves into the YoY (Year-over-Year) and MoM (Month-over-Month) sales performance of TVS Motor, providing insights into its key segments.
Year-over-Year (YoY) Sales Analysis:
TVS Motor | Feb’24 | Feb’23 | Difference | Growth% (YoY) |
1,84,023 | 1,26,243 | 57,780 | 45.77 | |
1,32,152 | 1,04,825 | 27,327 | 26.07 | |
E-scooter | 17,959 | 15,522 | 2,437 | 15.70 |
Moped | 41,635 | 35,958 | 5,677 | 15.79 |
2W Domestic | 2,67,502 | 2,21,402 | 46,100 | 20.82 |
2W Exports | 90,308 | 45,624 | 44,684 | 97.94 |
2W Total | 3,57,810 | 2,67,026 | 90,784 | 34 |
TVS Motor | Feb’24 | Feb’23 | Difference | Growth% (YoY) |
3W Domestic | 2,066 | 1,343 | 723 | 53.83 |
3W Exports | 8,548 | 7,781 | 767 | 9.86 |
3W Total | 10,614 | 9,124 | 1,490 | 16.33 |
TVS Motor | Feb’24 | Jan’24 | Difference | Growth% MoM |
Domestic (2+3) | 2,69,568 | 2,70,170 | -602 | -0.22 |
Export (2+3W) | 98,856 | 69,343 | 29,513 | 42.56 |
Total (2+3W) | 3,68,424 | 3,39,513 | 28,911 | 8.52 |
Motorcycles: Motorcycles emerged as the highest-selling category for TVS Motor in February 2024, witnessing a remarkable YoY growth of 45.77%. Sales surged to 1,84,023 units compared to 1,26,243 units in February 2023, indicating robust consumer demand and effective market strategies.
Scooters and E-Scooters: The scooter segment experienced significant YoY growth, with sales reaching 1,32,152 units, marking a substantial increase of 26.07% compared to the previous year. TVS Motor's venture into the electric scooter market also yielded positive results, with 17,959 units sold, reflecting a YoY growth of 15.70%.
Mopeds: TVS Motor maintained its dominance in the moped segment, recording a YoY growth of 15.79%. Sales figures reached 41,635 units, indicating sustained demand for this category despite market fluctuations.
Domestic and Export Sales: Domestic sales (2W+3W) demonstrated a commendable YoY growth of 21.03%, with total sales reaching 2,69,568 units. The export segment witnessed a remarkable YoY growth of 85.11%, highlighting TVS Motor's successful expansion into international markets.
Overall YoY Performance: In total, TVS Motor sold close to 3.67 lakh vehicles in February 2024, marking a substantial YoY growth of 33.41%. This overall performance underscores the company's effective market strategies and strong customer appeal across various segments.
Ad
Ad
Month-over-Month (MoM) Sales Analysis:
TVS Motor | Feb’24 | Jan’24 | Difference | Growth% MoM |
Motorcycle | 1,84,023 | 1,55,611 | 28,412 | 18.26 |
Scooter | 1,32,152 | 1,32,290 | -138 | -0.10 |
E-Scooter | 17,959 | 16,276 | 1,683 | 10.34 |
Moped | 41,635 | 42,036 | -401 | -0.95 |
2W Domestic | 2,67,502 | 2,68,233 | -731 | -0.27 |
2W Exports | 90,308 | 61,704 | 28,604 | 46.36 |
2W Total | 3,57,810 | 3,29,937 | 27,873 | 8.45 |
TVS Motor | Feb’24 | Jan’24 | Difference | Growth% MoM |
3W Domestic | 2,066 | 1,937 | 129 | Follow Us: Next-Gen Apache RR 310 Spy Shots Hint at Significant Upgrades The upcoming 2025 TVS Apache RR 310 has been spied testing, showcasing winglets, and hinting at significant electronic upgrades, potentially elevating its position in the segment. 07-Sep-2024 10:40 AM Next-Gen Apache RR 310 Spy Shots Hint at Significant Upgrades The upcoming 2025 TVS Apache RR 310 has been spied testing, showcasing winglets, and hinting at significant electronic upgrades, potentially elevating its position in the segment. 07-Sep-2024 10:40 AM BMW and Toyota Collaborate to Launch Hydrogen Fuel Cell Vehicles by 2028 BMW and Toyota join forces to develop next-generation hydrogen fuel cell vehicles, set for release in 2028, and push forward a sustainable hydrogen refuelling infrastructure. 07-Sep-2024 07:39 AM BMW and Toyota Collaborate to Launch Hydrogen Fuel Cell Vehicles by 2028 BMW and Toyota join forces to develop next-generation hydrogen fuel cell vehicles, set for release in 2028, and push forward a sustainable hydrogen refuelling infrastructure. 07-Sep-2024 07:39 AM New Bajaj Chetak Blue 3202 Debuts at Rs. 1.15 lakh, Taking Over the Urbane The Bajaj Chetak Blue 3202 features a longer range, higher speed with TecPac, and advanced app functions at a lower price. Its gaining ground on competitors like iQube and Ola S1 07-Sep-2024 07:02 AM New Bajaj Chetak Blue 3202 Debuts at Rs. 1.15 lakh, Taking Over the Urbane The Bajaj Chetak Blue 3202 features a longer range, higher speed with TecPac, and advanced app functions at a lower price. Its gaining ground on competitors like iQube and Ola S1 07-Sep-2024 07:02 AM Scout to Unveil Two Electric Concepts in 2026 Scout, Volkswagen’s revived 4x4 brand, will debut electric SUV and pickup models inspired by the Scout II, with production beginning in 2026 at a new South Carolina plant. 07-Sep-2024 06:40 AM Scout to Unveil Two Electric Concepts in 2026 Scout, Volkswagen’s revived 4x4 brand, will debut electric SUV and pickup models inspired by the Scout II, with production beginning in 2026 at a new South Carolina plant. 07-Sep-2024 06:40 AM Speed Twin 1200 RS Teased: Triumph Expands Modern Classic Line-up Triumph's upcoming Speed Twin 1200 RS promises enhanced performance and striking new aesthetics. The teaser hints at premium features and a potential power boost for the modern classic motorcycle. 07-Sep-2024 06:04 AM Speed Twin 1200 RS Teased: Triumph Expands Modern Classic Line-up Triumph's upcoming Speed Twin 1200 RS promises enhanced performance and striking new aesthetics. The teaser hints at premium features and a potential power boost for the modern classic motorcycle. 07-Sep-2024 06:04 AM Skoda Slavia and Kushaq: 1.5L EVO TSI Now Automatic-Only Skoda removes manual gearbox option for 1.5L EVO TSI engine in Slavia and Kushaq models, potentially affecting enthusiast buyers and market dynamics in the Indian automotive sector. 06-Sep-2024 01:26 PM Skoda Slavia and Kushaq: 1.5L EVO TSI Now Automatic-Only Skoda removes manual gearbox option for 1.5L EVO TSI engine in Slavia and Kushaq models, potentially affecting enthusiast buyers and market dynamics in the Indian automotive sector. 06-Sep-2024 01:26 PM Ad Ad Mercedes-Benz Maybach EQS SUV ₹ 2.25 Cr Tata Curvv ₹ 9.99 - 19.00 Lakh Maserati GranTurismo ₹ 2.72 - 2.90 Cr Aston Martin Vantage ₹ 3.99 Cr Audi Q8 ₹ 1.17 Cr Hyundai Alcazar facelift ₹ 17.00 - 22.00 Lakh MG Windsor EV ₹ 25.00 - 30.00 Lakh Mahindra XUV300 Electric ₹ 15.00 Lakh Mercedes-Benz EQS 2024 ₹ 2.00 Cr Hyundai Ioniq 5 N ₹ 45.95 Lakh Ad Ad Ad |
