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TVS Motor Sales in March 2024, Witnessed 11% YoY Growth
TVS motor sold 3,54,592 units in March 2024, showcasing dominance across bikes, scooters, e-scooters, and 3W-wheelers. YoY growth is positive, but e-scooter sales and exports require strategic attention.
Key Highlights:
- TVS Motors has achieved a total sales figure of 3,54,592units in March 2024.
- TVS overall MoM growth declined by -3.75% in March 2024.
- Overall YoY growth increased by 11.81% in March 2024 compared to March 2023.
One of the prominent two wheeler and three wheeler manufacturers, TVS Motors has achieved a total sales figure of 3,54,592units in March 2024. This achievement showcases the wide range of vehicle segments, including motorcycles, scooters, e-scooters, mopeds, and 3W-wheelers, in which TVS has its dominance. Though we can see there is a slight decline in the MoM growth, the YoY growth is mostly positive.
TVS Motor: MoM Performance
TVS Motor Sales | March’24 | Feb’24 | Difference | Growth% MoM |
Bike | 1,71,611 | 1,84,023 | -12,412 | -6.74 |
Scooter | 1,31,472 | 1,32,152 | -680 | -0.51 |
E-scooter | 15,250 | 17,959 | -2,709 | -15.08 |
Moped | 41,363 | 41,635 | -272 | -0.65 |
2W Domestic | 2,60,532 | 2,67,502 | -6,970 | -2.61 |
2W Export | 83,914 | 90,308 | -6,394 | -7.08 |
2W Total | 3,44,446 | 3,57,810 | -13,364 | -3.73 |
TVS Motor Sales | March’24 | Feb’24 | Difference | Growth% MoM |
3W Domestic | 2,088 | 2,066 | 22 | 1.06 |
3W Exports | 8,058 | 8,548 | -490 | -5.73 |
3W Total | 10,146 | 10,614 | -468 | -4.41 |
TVS Motor Sales | March’24 | Feb’24 | Difference | Growth% MoM |
Domestic (2+3W) | 2,62,620 | 2,69,568 | -6,948 | -2.58 |
Export (2+3W) | 91,972 | 98,856 | -6,884 | -6.96 |
Total (2+3W) | 3,54,592 | 3,68,424 | -13,832 | -3.75 |
TVS Motor: YoY Performance
TVS Motor Sales | March’24 | March’23 | Difference | Growth% YoY |
Bike | 1,71,611 | 1,41,250 | 30,361 | 21.49 |
Scooter | 1,31,472 | 1,28,817 | 2,655 | 2.06 |
E-scooter | 15,250 | 15,364 | -114 | -0.74 |
Moped | 41,363 | 37,492 | 3,871 | 10.32 |
2W Domestic | 2,60,532 | 2,40,780 | 19,752 | 8.20 |
2W Export | 83,914 | 66,779 | 17,135 | 25.66 |
2W Total | 3,44,446 | 3,07,559 | 36,887 | 11.99 |
TVS Motor Sales | March’24 | March’23 | Difference | Growth% YoY |
3W Domestic | 2,088 | 1,335 | 753 | 56.40 |
3W Exports | 8,058 | 8,258 | -200 | -2.42 |
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