TVS Sales in January 2024 Records 12.46% MoM & 23.41% YoY Growth

Explore the January 2024 TVS sales records, boasting a significant 12.46% month-on-month growth and an impressive 23.41% year-on-year growth.

By Gargi Khatri

8.56k

Jul 22, 2024 06:52 am IST

Key Highlights

TVS Motor showcased significant growth in both year-on-year (YoY) and month-on-month (MoM)
Total sales for both two-wheelers and three-wheelers experienced a strong YoY growth of 23.41%, amounting to 3,39,513 units.

TVS Motor exhibited robust sales performance in January 2024, with significant growth in both year-on-year (YoY) and month-on-month (MoM) metrics. Total sales of (2+3 wheeler) (domestic + exports) recorded a notable YoY growth of 23.41%, totaling 3,39,513 units. Additionally, MoM sales witnessed a substantial increase of 12.46%.

TVS Motor YoY Sales

TVS 2 Wheelers	Jan-24	Jan-23	Difference	Growth % YoY
Motorcycle	1,55,611	1,21,042	34,569	28.56
Scooter	1,32,290	1,06,537	25,753	24.17
E-scooter	16,276	12,169	4,107	33.75
Moped	42,036	37,131	4,905	13.21
2W Domestic	1,68,233	2,16,471	51,762	23.91
2W Export	61,704	48,239	13,465	27.91
2W Total	3,29,937	2,64,710	65,227	24.64

TVS 3 Wheelers	Jan-24	Jan-23	Difference	Growth % YoY
Domestic	1,937	1,620	317	19.57
Export	7,639	8,785	-1,146	-13.04
3W Total	9,576	10,405	-829	-7.97

TVS 2+3 Wheelers	Jan-24	Jan-23	Difference	Growth % YoY
Domestic (2+3W)	2,70,170	2,18,091	52,079	23.88
Export (2+3W)	69,343	57,024	12,319	21.60
Total (2+3W)	3,39,513	2,75,115	64,398	23.41

In January 2024, TVS Motor Company demonstrated strong year-on-year (YoY) sales growth, particularly in the two-wheeler segment.

Two Wheeler Segment

Motorcycle Sales: Year-on-Year Growth for motorcycle sales was impressive at 28.56%, reflecting a volume increase of 34,569 units. TVS Apache and Raider stood out as popular models contributing to a market share of 47.16%.
Scooter Sales: Scooter sales witnessed a substantial YoY growth of 24.17%, with a volume increase of 25,753 units. TVS Jupiter and Ntorq emerged as favored models, capturing a market share of 40.10%.
E-scooter Sales: The e-scooter segment experienced a remarkable YoY growth of 33.75%, representing a volume increase of 4,107 units. The iQube model contributed significantly to this growth.
Moped Sales: Moped sales grew by 13.21% YoY, representing a volume increase of 4,905 units.

Three Wheeler Segment

Domestic Sales: Domestic three-wheeler sales grew by 19.57% YoY, reflecting a volume increase of 317 units.
Export Sales: However, export sales for three-wheelers experienced a YoY decrease of -13.04%, representing a volume decrease of -1,146 units.

Total (2+3) Wheeler Sales

Domestic Sales: Total domestic sales for both two-wheelers and three-wheelers grew by 23.88% YoY, reaching a total of 2,70,170 units.
Export Sales: Export sales also showed a positive YoY growth of 21.60%, totaling 69,343 units.
Total Sales: Overall, total sales for both two-wheelers and three-wheelers experienced a strong YoY growth of 23.41%, amounting to 3,39,513 units.

TVS Segment-wise Sales in January 2024

TVS Motor MoM Sales

TVS 2 Wheelers	Jan-24	Dec-24	Difference	Growth % MoM
Motorcycle	1,55,611	1,48,049	7,562	5.11
Scooter	1,32,290	1,03,167	29,123	28.23
E-scooter	16,276	11,232	5,044	44.91
Moped	42,036	38,848	3,188	8.21
2W Domestic	2,68,233	2,14,988	53,245	24.77
2W Exports	61,704	75,076	-13,372	22