TVS Motor Company announced a notable increase in sales for August 2024, with a total of 391,588 units sold, marking a 13% growth from 345,848 units sold in August 2023.
Two-Wheeler Segment
The two-wheeler segment saw a significant growth of 14%, with sales rising from 332,110 units in August 2023 to 378,841 units in August 2024. Domestic sales in this category also grew by 13%, increasing from 256,619 units last year to 289,073 units this year.
- Motorcycles: Sales grew by 11%, from 153,047 units in August 2023 to 170,486 units in August 2024.
- Scooters: This segment experienced a 15% increase, with sales climbing from 142,502 units in August 2023 to 163,629 units in August 2024.
Electric Vehicles (EVs)
EV sales showed a more modest growth of 4%, with units sold rising from 23,887 in August 2023 to 24,779 in August 2024.
International Business
TVS Motor Company’s international sales also performed well, with total exports increasing by 14% from 87,515 units in August 2023 to 99,976 units in August 2024. Two-wheeler exports specifically saw a 19% growth, with sales expanding from 75,491 units in August 2023 to 89,768 units in August 2024.
Three-Wheeler Segment
In contrast, the three-wheeler segment experienced a decline, with sales dropping from 13,738 units in August 2023 to 12,747 units in August 2024.
Overall, TVS Motor Company’s August 2024 performance highlights robust growth across key segments, reflecting the company’s expanding market presence.
