The two-wheeler manufacturer’s total sales grew 13% to 489,015 units in October 2024, as against 434,714 units sold in October 2023.
Total two-wheeler sales registered a growth of 14%, growing from 420,610 units in October 2023 to 478,159 units in October 2024.
Domestic two-wheeler sales stood at 390,489 units in October 2024, up 13% from 344,957 units sold in October 2023.
Motorcycle sales stood at 230,822 units in October 2024, registering a growth of 14% as compared to 201,965 units in October 2023. Scooters registered a growth of 17%, with sales increasing from 165,135 units in October 2023 to 193,439 units in October 2024.
Electric vehicle (EV) sales grew by 45% over the previous year, with the number of units sold increasing from 20,153 in October 2023 to 29,308 in October 2024.
The company’s total exports registered a growth of 9%, with sales increasing from 87,952 units in October 2023 to 95,708 units in October 2024.
The company’s two-wheeler exports recorded sales of 87,670 units in October 2024, up 16% as compared to 75,653 units sold in October 2023.
TVS Motor Company is a globally reputed two-wheeler and three-wheeler manufacturer. It has four manufacturing facilities at Hosur, Mysore and Nalagarh in India and Karawang in Indonesia. Norton Motorcycles, a group company of TVS Motor based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Its subsidiaries in the personal e-mobility sector, Swiss e-Mobility Group (SEMG) and EGO Movement are leading the e-bike market in Switzerland.
TVS Motor Company reported a standalone net profit of Rs 662.62 crore in Q2 FY 2025, up 23.49% from Rs 536.55 crore in Q2 FY 2024. Revenue from operations grew 13.30% to Rs 9,228.24 crore in the September 2024 quarter.
On November 1, 2024, the stock gained 0.68% and closed at Rs 2,510.55.
