TVS Two Wheeler Sales in July 2024: 8% YoY Growth

Explore TVS's July 2024 sales report highlighting strong domestic and export growth in scooters, motorcycles, and electric vehicles.

By Mohit Kumar

24.34k

Aug 02, 2024 11:25 am IST

In July 2024, TVS Motor Company sold 161,074 motorcycles, marking a 4.63% increase from the 153,942 units sold in July 2023. Motorcycles accounted for 47.42% of TVS's total sales during the month, showcasing the company's steady performance in this segment.

Scooter Sales

Scooter sales showed significant growth, with 139,995 units sold in July 2024, a 14.81% increase compared to the 121,941 units sold in July 2023. This segment contributed to 41.21% of TVS's total sales for the month, indicating strong consumer demand and market penetration.

Electric Scooters

E-scooter sales surged by 61.15%, with 21,442 units sold in July 2024, up from 13,306 units in July 2023. Electric scooters represented 6.31% of total sales in July 2024, reflecting the growing popularity of electric vehicles.

Moped Sales

Moped sales in July 2024 reached 38,607 units, a 5.99% increase from 36,424 units in July 2023. Despite a slight decline from June 2024, when 40,481 units were sold, mopeds contributed 11.37% to TVS's total sales in July 2024.

Domestic and Export Two-Wheeler Sales

Category	July 2023 Sales	July 2024 Sales	YoY Growth (%)
Motorcycles	153,942	161,074	4.63
Scooters	121,941	139,995	14.81
Electric Scooters	13,306	21,442	61.15
Mopeds	36,424	38,607	5.99
Domestic Two-Wheelers	235,230	254,250	8.09
Export Two-Wheelers	77,077	85,426	10.83
Total Two-Wheelers	312,307	339,676	8.76
Domestic Three-Wheelers	1,534	2,301	50
Export Three-Wheelers	12,136	12,163	0.22
Total Three-Wheelers	13,670	14,464	5.81
Combined Vehicle Sales	325,977	354,140	8.64

Domestic two-wheeler sales in July 2024 were 254,250 units, an 8.09% increase from 235,230 units in July 2023. However, there was a slight month-over-month decline of 0.58% from June 2024, when 255,734 units were sold. This segment accounted for 74.85% of TVS's total domestic sales for July 2024.

In the export market, two-wheeler sales in July 2024 reached 85,426 units, marking a 10.83% growth from 77,077 units in July 2023. Exports accounted for 25.15% of TVS's total two-wheeler sales, indicating substantial international demand.

Total Two-Wheeler Sales

The total two-wheeler sales for July 2024 reached 339,676 units, an 8.76% increase from 312,307 units in July 2023. This figure includes both domestic and export sales, reflecting the company's overall market performance.

Three-Wheeler Sales

Domestic Three-Wheeler Sales

Domestic sales of three-wheelers in July 2024 were 2,301 units, a significant 50.00% increase from 1,534 units in July 2023.

Export Three-Wheeler Sales

Exports of three-wheelers in July 2024 were relatively stable, with 12,163 units sold, showing a slight year-over-year increase of 0.22% from 12,136 units in July 2023.

Total Three-Wheeler Sales

Total sales of three-wheelers in July 2024 were 14,464 units, a 5.81% increase from 13,670 units in July 2023. This total encompasses both domestic and export sales, reflecting overall growth in the three-wheeler segment.

Combined Vehicle Sales

The combined sales of two-wheelers and three-wheelers for July 2024 totaled 354,140 units, an 8.64% increase from 325,977 units in July 2023. This figure highlights TVS Motor Company's comprehensive market reach across different vehicle categories and reflects a balanced mix of domestic and export sales.