TVS Motor Company reported record monthly sales in October 2024, with a total of 489,015 units, reflecting a 13% growth compared to 434,714 units in October 2023. The company's electric vehicle (EV) segment also achieved its highest monthly sales to date, marking a 45% increase.
In the two-wheeler segment, sales saw a 14% rise, reaching 478,159 units in October 2024, up from 420,610 units in the same period last year. Domestic two-wheeler sales grew by 13%, with 390,489 units sold in October 2024 compared to 344,957 units in October 2023.
Motorcycle sales increased by 14%, rising from 201,965 units in October 2023 to 230,822 units in October 2024. Meanwhile, scooter sales saw a 17% growth, reaching 193,439 units in October 2024, up from 165,135 units in October 2023.
TVS Motor Company is a prominent two-wheeler and three-wheeler manufacturer based in India. Established in 1978, it has become one of the leading players in the Indian automotive sector.
TVS Motor Company offers a wide range of products, including motorcycles, scooters, and electric vehicles, catering to various customer segments. Its well-known models include the TVS Apache series, TVS NTORQ, and the TVS Jupiter. The company highlights innovation and technology, investing in research and development to improve product performance and meet evolving customer preferences.
The company has a strong presence in both domestic and international markets, exporting its vehicles to over 60 countries. TVS Motor is actively expanding its electric vehicle lineup.