TVS Motor reports 5% sales rise in June 2024, driven by two-wheelers

TVS Motor Company recorded monthly sales of 333,646 units in June 2024 with a growth of 5% as against 316,411 units in the month of June 2023.

Two-Wheeler

Total two-wheelers registered a growth of 6% with sales increasing from 304,401 units in June 2023 to 322,168 units in June 2024. Domestic two-wheeler registered growth of 8% with sales increasing from 235,833 units in June 2023 to 255,734 units in June 2024.

Motorcycles registered a growth of 3% with sales increasing from 148,208 units in June 2023 to 152,701 units in June 2024. Scooter registered a growth of 6% with sales increasing from 121,364 units in June 2023 to 128,986 units in June 2024.

Electric Vehicle

EV sales registered a growth of 10% with sales increasing from 14,462 units in June 2023 to 15,859 units in June 2024.

International Business

The Company's total exports registered sales of 76,074 units in June 2024 as against 79,144 units in June 2023. Two-wheeler exports registered sales of 66,434 units in June 2024 as against 68,568 units in July 2023. Customer retails are robust. However, There have been challenges in container availability due to prevailing conditions in the Red Sea.

Three-Wheeler

Three-wheeler registered sales of 11,478 units in June 2024 as against 12,010 units in June 2023.

First Quarter Sales Performance FY 2023-24:

During the first quarter of the financial year 2024-25, two-wheelers of the company registered a growth of 15% with sales increasing from 9.18 lakh units in the first quarter of financial year 2023-24 to 10.56 lakh units in the first quarter of 2024-25. Three-wheelers of the company registered sales of 0.31 lakh units in the first quarter of financial year 2024-25 as against 0.35 lakh units in 2023-24. Total exports registered a growth of 12% with sales increasing from 2.27 lakh units in the first quarter of FY 2023-24 to 2.54 lakh units in the current quarter.

About TVS Motor Company

TVS Motor Company is a reputed two and three-wheeler manufacturer globally, championing progress through sustainable mobility with four state-of-the-art manufacturing facilities located in India and Indonesia. The subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland.

At 11:14 AM, shares of TVS Motor were trading 0.23% higher at ₹2,360 apiece on the NSE.