TVS Motor Company Reports Record Financial Performance for FY 2024-25

TVS Motor Company has reported its highest-ever revenue and profit for the financial year 2024-25, with revenue growing 14% to Rs. 36,251 crores compared to Rs. 31,776 crores in the previous year. The company's profit before tax (PBT) increased by 31% to Rs. 3,629 crores.

The operating EBITDA for the year improved by 120 basis points to 12.3% compared to 11.1% in the previous fiscal year. The company achieved a total sales volume of 47.44 lakh units, representing a 13% growth over the 41.91 lakh units sold in FY 2023-24.

For the fourth quarter ended March 2025, TVS Motor reported a 17% increase in revenue at Rs. 9,550 crores, with the quarterly PBT growing to Rs. 1,112 crores compared to Rs. 672 crores in the same period last year. The company recognized Production Linked Incentive (PLI) for the full financial year during this quarter, which contributed to its financial performance.

The two-wheeler manufacturer saw particularly strong growth in its electric vehicle segment, with EV sales growing by 44% to 2.79 lakh units compared to 1.94 lakh units in the previous year. The company now has more than five lakh EV customers.

Motorcycle sales grew by 10% to 21.95 lakh units, while scooter sales increased by 21% to 19.04 lakh units. However, three-wheeler sales declined slightly to 1.35 lakh units from 1.46 lakh units in the previous year.

During the quarter, TVS Motor made several notable launches, including India's first Bluetooth-connected electric three-wheeler, the TVS King EV Max, and introduced the 2025 edition of the TVS Ronin motorcycle. The company also expanded its global footprint by entering the Moroccan market and achieving the milestone of 4 million global sales for its TVS HLX model.

TVS Motor Company is one of India's leading two and three-wheeler manufacturers, with four manufacturing facilities located in India and Indonesia. The company has been recognized as a Great Place to Work and has a presence in over 80 countries globally.

The Board of Directors declared an interim dividend of Rs. 10 per share (1000%) for the year 2024-25, which was paid to shareholders in March 2025.