TVS Motor Reports 7% Sales Surge in December, Reaching 3.2 Lakh Units

TVS Motor, the third-largest motorcycle company in India in terms of revenue. The company registered a sales surge in the month of December by 7 percent compared to the previous year of the same period. The monthly sales of the company increased by 321,787 units in the month of December 2024 as compared to 301,898 units of sales in the same period of the previous year.

The December month was good for automakers as most of the car and bike manufacturers gave a strong performance in terms of sales.

Sales of TVS motors
The TVS company registered a growth of 8 percent in their total two-wheelers sales which accounts for units in the 312,002 month of December 2024 compared to 290,064 units of sales in the month of December 2023. While sales of domestic two-wheelers recorded around 215,075 units of sales in December 2024 compared to 214,988 units of sales in December 2023.

While the total sales of motorcycles was recorded at 144,811 units in the month of December 2024 compared to 148,049 units in the month of December 2023. The overall sales of the scooter recorded an increase in sales growth by 30 percent. It observed an increase in sales growth by sales of 133,919 units in the month of December 2024 against sales of 103,167 units in December 2023. The sales of EVs vehicles by the company was 20,171 units in December 2024 compared to sales of 11,288 units in the month of Decmber 2023. It indicated an increased growth by 79 percent.

The total sales of three-wheelers of the TVS company is recorded at 9,685 units in the month of December compared to the previous year’s same period which registered sales of 11,834 units.

Exports of the TVS Motors
Total exports of the company surged to 22 percent in the month of December 2024. It recorded an increase in export units by recording 104,393 units in December 2024 and 85,391 units sold in the same period of the previous year. While the company’s export in two-wheelers recorded a growth of around 29 percent. Its performance in exports of two-wheelers is 96,927 units in December 2024 compared to exports of 75,076 units in the same month of the last year.

Comparison of third quarter of the financial year
In the third quarter of this financial year, strong sales growth was observed which accounted for 11 percent growth. This third quarter recorded total sales of 11.8 lakh units compared to 10.6 lakh units in the same quarter of the financial year 2023-2024.

Performance of other Auto Companies
As per the data released by Tata Motors, the sales observed in the third quarter of the financial year 2024-2025 by Tata Motors in the international and domestic markets is around 235,599 units of sales compared to its sales units account to 234,981 units during the third quarter of the financial year 2023-2024. Its sales on the domestic level increased only 1 percent which accounted for 76,599 units of sales compared to 76,138 compared to previous year of the same period.

Ashok Leyland company’s combined sales of domestic and international accounts for increased sales at 5 percent higher in the month of december 2024 compared to previous year of the same month. The sales of the month of December 2024 was around 16,957 units compared to 16,154 units of sales in the month of December 2023.

One of the reasons for the increase in sales could be due to many automakers signalling that they probably would raise the price of a cars per unit in the New Year.

The image added is for representation purposes only