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Explore the January 2024 TVS sales records, boasting a significant 12.46% month-on-month growth and an impressive 23.41% year-on-year growth.
Key Highlights
TVS Motor exhibited robust sales performance in January 2024, with significant growth in both year-on-year (YoY) and month-on-month (MoM) metrics. Total sales of (2+3 wheeler) (domestic + exports) recorded a notable YoY growth of 23.41%, totaling 3,39,513 units. Additionally, MoM sales witnessed a substantial increase of 12.46%.
TVS 2 Wheelers |
Jan-24 |
Jan-23 |
Difference |
Growth % YoY |
1,55,611 |
1,21,042 |
34,569 |
28.56 |
|
1,32,290 |
1,06,537 |
25,753 |
24.17 |
|
E-scooter |
16,276 |
12,169 |
4,107 |
33.75 |
Moped |
42,036 |
37,131 |
4,905 |
13.21 |
2W Domestic |
1,68,233 |
2,16,471 |
51,762 |
23.91 |
2W Export |
61,704 |
48,239 |
13,465 |
27.91 |
2W Total |
3,29,937 |
2,64,710 |
65,227 |
24.64 |
TVS 3 Wheelers |
Jan-24 |
Jan-23 |
Difference |
Growth % YoY |
Domestic |
1,937 |
1,620 |
317 |
19.57 |
Export |
7,639 |
8,785 |
-1,146 |
-13.04 |
3W Total |
9,576 |
10,405 |
-829 |
-7.97 |
TVS 2+3 Wheelers |
Jan-24 |
Jan-23 |
Difference |
Growth % YoY |
Domestic (2+3W) |
2,70,170 |
2,18,091 |
52,079 |
23.88 |
Export (2+3W) |
69,343 |
57,024 |
12,319 |
21.60 |
Total (2+3W) |
3,39,513 |
2,75,115 |
64,398 |
23.41 |
In January 2024, TVS Motor Company demonstrated strong year-on-year (YoY) sales growth, particularly in the two-wheeler segment.
Motorcycle Sales: Year-on-Year Growth for motorcycle sales was impressive at 28.56%, reflecting a volume increase of 34,569 units. TVS Apache and Raider stood out as popular models contributing to a market share of 47.16%.
Scooter Sales: Scooter sales witnessed a substantial YoY growth of 24.17%, with a volume increase of 25,753 units. TVS Jupiter and Ntorq emerged as favored models, capturing a market share of 40.10%.
E-scooter Sales: The e-scooter segment experienced a remarkable YoY growth of 33.75%, representing a volume increase of 4,107 units. The iQube model contributed significantly to this growth.
Moped Sales: Moped sales grew by 13.21% YoY, representing a volume increase of 4,905 units.
Domestic Sales: Domestic three-wheeler sales grew by 19.57% YoY, reflecting a volume increase of 317 units.
Export Sales: However, export sales for three-wheelers experienced a YoY decrease of -13.04%, representing a volume decrease of -1,146 units.
Domestic Sales: Total domestic sales for both two-wheelers and three-wheelers grew by 23.88% YoY, reaching a total of 2,70,170 units.
Export Sales: Export sales also showed a positive YoY growth of 21.60%, totaling 69,343 units.
Total Sales: Overall, total sales for both two-wheelers and three-wheelers experienced a strong YoY growth of 23.41%, amounting to 3,39,513 units.
TVS 2 Wheelers |
Jan-24 |
Dec-24 |
Difference |
Growth % MoM |
Motorcycle |
1,55,611 |
1,48,049 |
7,562 |
5.11 |
Scooter |
1,32,290 |
1,03,167 |
29,123 |
28.23 |
E-scooter |
16,276 |
11,232 |
5,044 |
44.91 |
Moped |
42,036 |
38,848 |
3,188 |
8.21 |
2W Domestic |
2,68,233 |
2,14,988 |
53,245 |
24.77 |
2W Exports |
61,704 |
75,076 |
-13,372 |
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