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TVS Motor April 2024 Sales reached 3.03 Lakh Units- Raider, iQube, Ntorq
TVS Motor Company's April 2024 sales report reveals growth across segments, with slight declines. Motorcycle and scooter sales surged, while electric scooters exhibited remarkable growth.
Key Highlights:
- TVS April sales reached 3,03,107 units in April 2024.
- Motorcycle segment witnessed a 9.61% MoM increase.
- Electric scooter segment showcases 14.12% MoM growth.
TVS Motor Company’s April sales report has been disclosed. From the sales report it can be said the company has highlighted growth across multiple segments, as well as slight decline in some segments. Overall TVS’s performance has given the company a competitive edge in the two wheeler as well as three wheeler segment.
TVS Month-on-Month (MoM) Sales Overview
Particulars | April’24 | March’24 | Difference | Growth% MoM |
Motorcycle | 1,88,110 | 1,71,611 | 16,499 | 9.61 |
Scooter | 1,44,126 | 1,31,472 | 12,654 | 9.62 |
E-Scooter | 17,403 | 15,250 | 2,153 | 14.12 |
Moped | 42,356 | 41,363 | 993 | 2.40 |
2W Domestic | 3,01,449 | 2,60,532 | 40,917 | 15.71 |
2W Exports | 73,143 | 83,914 | -10,771 | -12.84 |
2W Total | 3,74,592 | 3,44,446 | 30,146 | 8.75 |
Particulars 3W | April’24 | March’24 | Difference | Growth% MoM |
Domestic | 1,658 | 2,088 | -430 | -20.59 |
Export | 7,365 | 8,058 | -693 | -8.60 |
Total | 9,023 | 10,146 | -1,123 | -11.07 |
Particulars (2+3W) | April’24 | March’24 | Difference | Growth% MoM |
Domestic | 3,03,107 | 2,62,620 | 40,487 | 15.42 |
Export | 80,508 | 91,972 | -11,464 | -12.46 |
Total | 3,83,615 | 3,54,592 | 29,023 | 8.18 |
Motorcycle Segment: April 2024 has showcased a 9.61% increase in TVS motorcycle sales compared to March 2024. This growth amounted to 16,499 additional units sold by TVS in April 2024, proving a sustained consumer demand and brand preference among consumers.
Scooter Segment: Scooter sales increased by 9.62% in April 2024 compared to March 2024. The growth signifies a constant consumer preference in TVS scooters, all thanks to models like Jupiter and Ntorq.
Electric Scooter Segment: TVS experienced an impressive two-digit sales rate increment of 14.12% in e-scooter sales from March to April 2024. iQube along with TVS X model still continues to gain interest from many sustainable mobility solution seekers.
Moped Segment: Moped sales saw a modest yet noteworthy growth of 2.40% in April 2024 compared to March 2024. TVS's XL100 model has maintained its popularity among consumers, driving sales in this segment.
Domestic and Export Performance: Domestic two-wheeler sales surged by 15.71% from March 2024 to April 2024. However, there was a decline of 12.84% in two-wheeler exports during the same period.
Three-wheeler sales, both domestically and in exports, witnessed declines, these areas can be considered as the target areas for an improved and better performance in next month's sales report.
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TVS Year-on-Year (YoY) Sales Overview
Particulars | April’24 | April’23 | Difference | Growth% YoY |
Motorcycle | 1,88,110 | 1,52,365 | 35,745 | 23.46 |
Scooter | 1,44,126 | 1,07,496 | 36,630 | 34.08 |
E-Scooter | 17,403 | 6,227 | 11,176 | 179.48 |
Moped | 42,356 | 34,925 | 7,431 | 21.28 |
2W Domestic | 3,01,449 | 2,32,956 | 68,493 | 29.40 |
2W Exports | 73,143 | 61,830 | 11,313 | 18.30 |
2W Total | 3,74,592 | 2,94,786 | 79,806 | 27.07 |
Particulars 3W | April’24 | April’23 | Difference | Growth% YoY |
Domestic | 1,658 | 1,605 | 53 | 3.30 |
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