Ad
Ad
TVS Motor’s Overall Sales hit 33% YoY Growth in February 2024
TVS Motor's February 2024 Sales Soar with 33% Year-over-Year Growth, Reflecting Market Dominance and Strategic Expansion Efforts.
Key Highlights:
- TVS Motor's export segment witnessed a staggering 85.11% Year-over-Year growth.
- TVS Motor demonstrated a MoM growth of 8.52%.
- TVS motorcycle segment showed 45.77% Y0Y growth.
TVS Motor, India’s prominent manufacturer of two-wheelers (2W) and three-wheelers (3W), has continued its trend of growth, both domestically and internationally. In February 2024, the company achieved remarkable sales figures, reflecting its strategic expansion efforts and product innovation. The following analysis delves into the YoY (Year-over-Year) and MoM (Month-over-Month) sales performance of TVS Motor, providing insights into its key segments.
Year-over-Year (YoY) Sales Analysis:
TVS Motor | Feb’24 | Feb’23 | Difference | Growth% (YoY) |
1,84,023 | 1,26,243 | 57,780 | 45.77 | |
1,32,152 | 1,04,825 | 27,327 | 26.07 | |
E-scooter | 17,959 | 15,522 | 2,437 | 15.70 |
Moped | 41,635 | 35,958 | 5,677 | 15.79 |
2W Domestic | 2,67,502 | 2,21,402 | 46,100 | 20.82 |
2W Exports | 90,308 | 45,624 | 44,684 | 97.94 |
2W Total | 3,57,810 | 2,67,026 | 90,784 | 34 |
TVS Motor | Feb’24 | Feb’23 | Difference | Growth% (YoY) |
3W Domestic | 2,066 | 1,343 | 723 | 53.83 |
3W Exports | 8,548 | 7,781 | 767 | 9.86 |
3W Total | 10,614 | 9,124 | 1,490 | 16.33 |
TVS Motor | Feb’24 | Jan’24 | Difference | Growth% MoM |
Domestic (2+3) | 2,69,568 | 2,70,170 | -602 | -0.22 |
Export (2+3W) | 98,856 | 69,343 | 29,513 | 42.56 |
Total (2+3W) | 3,68,424 | 3,39,513 | 28,911 | 8.52 |
Motorcycles: Motorcycles emerged as the highest-selling category for TVS Motor in February 2024, witnessing a remarkable YoY growth of 45.77%. Sales surged to 1,84,023 units compared to 1,26,243 units in February 2023, indicating robust consumer demand and effective market strategies.
Scooters and E-Scooters: The scooter segment experienced significant YoY growth, with sales reaching 1,32,152 units, marking a substantial increase of 26.07% compared to the previous year. TVS Motor's venture into the electric scooter market also yielded positive results, with 17,959 units sold, reflecting a YoY growth of 15.70%.
Mopeds: TVS Motor maintained its dominance in the moped segment, recording a YoY growth of 15.79%. Sales figures reached 41,635 units, indicating sustained demand for this category despite market fluctuations.
Domestic and Export Sales: Domestic sales (2W+3W) demonstrated a commendable YoY growth of 21.03%, with total sales reaching 2,69,568 units. The export segment witnessed a remarkable YoY growth of 85.11%, highlighting TVS Motor's successful expansion into international markets.
Overall YoY Performance: In total, TVS Motor sold close to 3.67 lakh vehicles in February 2024, marking a substantial YoY growth of 33.41%. This overall performance underscores the company's effective market strategies and strong customer appeal across various segments.
Ad
Ad
Month-over-Month (MoM) Sales Analysis:
TVS Motor | Feb’24 | Jan’24 | Difference | Growth% MoM |
Motorcycle | 1,84,023 | 1,55,611 | 28,412 | 18.26 |
Scooter | 1,32,152 | 1,32,290 | -138 | -0.10 |
E-Scooter | 17,959 | 16,276 | 1,683 | 10.34 |
Moped | 41,635 | 42,036 | -401 | -0.95 |
2W Domestic | 2,67,502 | 2,68,233 | -731 | -0.27 |
2W Exports | 90,308 | 61,704 | 28,604 | 46.36 |
2W Total | 3,57,810 | 3,29,937 | 27,873 | 8.45 |
TVS Motor | Feb’24 | Jan’24 | Difference | Growth% MoM |
3W Domestic | 2,066 | 1,937 | 129 | Follow Us: Mahindra XUV 7XO Pre-Bookings Started: Here’s Everything You Need To Know About The Booking Process Secure your 2026 Mahindra XUV 7XO now! Pre-bookings open from Dec 15 with Rs 21,000. Bold design, advanced tech & powerful engines await at the January 5 premiere. 15-Dec-2025 12:25 PM Mahindra XUV 7XO Pre-Bookings Started: Here’s Everything You Need To Know About The Booking Process Secure your 2026 Mahindra XUV 7XO now! Pre-bookings open from Dec 15 with Rs 21,000. Bold design, advanced tech & powerful engines await at the January 5 premiere. 15-Dec-2025 12:25 PM 2026 MG Hector Facelift Launched in India At Rs 11.99 Lakh The 2026 MG Hector facelift debuts in India from Rs 11.99 lakh, boasting a muscular redesign, premium dual-tone interiors, i-Swipe tech, and advanced Level 2 ADAS for unmatched safety and style. 15-Dec-2025 10:39 AM 2026 MG Hector Facelift Launched in India At Rs 11.99 Lakh The 2026 MG Hector facelift debuts in India from Rs 11.99 lakh, boasting a muscular redesign, premium dual-tone interiors, i-Swipe tech, and advanced Level 2 ADAS for unmatched safety and style. 15-Dec-2025 10:39 AM Maruti Suzuki introduces Assured Buyback Program and BaaS to make e-Vitara more Affordable Maruti Suzuki e-Vitara introduces Assured Buyback and BaaS for worry-free EV ownership, cutting upfront costs and securing resale value with 543 km range and advanced features. 15-Dec-2025 08:49 AM Maruti Suzuki introduces Assured Buyback Program and BaaS to make e-Vitara more Affordable Maruti Suzuki e-Vitara introduces Assured Buyback and BaaS for worry-free EV ownership, cutting upfront costs and securing resale value with 543 km range and advanced features. 15-Dec-2025 08:49 AM Skoda Slavia Facelift Spied Testing—New Front Fascia Revealed The 2026 Skoda Slavia facelift has been spotted testing in India, previewing refreshed styling, a more premium and tech-loaded cabin, and the likely addition of Level 2 ADAS. 15-Dec-2025 06:40 AM Skoda Slavia Facelift Spied Testing—New Front Fascia Revealed The 2026 Skoda Slavia facelift has been spotted testing in India, previewing refreshed styling, a more premium and tech-loaded cabin, and the likely addition of Level 2 ADAS. 15-Dec-2025 06:40 AM MG Hector Facelift Launch Today: Here's All You Need to Know The MG Hector facelift launches today with refreshed styling, upgraded cabin tech and familiar engines, aiming to stay competitive in India’s crowded midsize SUV segment. 15-Dec-2025 05:56 AM MG Hector Facelift Launch Today: Here's All You Need to Know The MG Hector facelift launches today with refreshed styling, upgraded cabin tech and familiar engines, aiming to stay competitive in India’s crowded midsize SUV segment. 15-Dec-2025 05:56 AM Mini Cooper S Convertible Launched in India at Rs 58.50 Lakh in India: Check Details Here Mini Cooper S Convertible brings a refreshed Convertible to India with a folding soft-top, modern tech, sporty performance and signature styling, offering a fun and premium open-top experience. 12-Dec-2025 01:11 PM Mini Cooper S Convertible Launched in India at Rs 58.50 Lakh in India: Check Details Here Mini Cooper S Convertible brings a refreshed Convertible to India with a folding soft-top, modern tech, sporty performance and signature styling, offering a fun and premium open-top experience. 12-Dec-2025 01:11 PM Ad Ad MG Hector Plus ₹ 17.29 - 19.49 Lakh MINI Cooper S Convertible ₹ 58.50 Lakh Mahindra XEV 9S ₹ 19.95 - 29.45 Lakh Tata Sierra ₹ 11.49 - 21.29 Lakh Porsche Cayenne EV ₹ 1.76 - 2.26 Cr Kia New Seltos ₹ 10.99 - 20.80 Lakh Mahindra 7XO ₹ 14.00 - 26.00 Lakh Maruti e Vitara ₹ 20.00 - 25.00 Lakh Hyundai Ioniq 5 Facelift ₹ 36.37 - 46.36 Lakh Renault New Duster ₹ 10.00 - 18.00 Lakh Ad Ad Ad |
