TVS Motor Records 10% Sales Growth in November 2024; EV Sales Surge by 57%

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TVS Motor Company achieved a 10% growth in sales in November 2024, with total sales reaching 401,250 units compared to 364,231 units in November 2023. Electric vehicle (EV) sales saw a remarkable 57% increase, rising from 16,782 units in November 2023 to 26,292 units in November 2024. The company also recorded a 25% growth in total exports, with sales climbing from 75,203 units in November 2023 to 93,755 units in November 2024. Two-wheeler exports contributed significantly, growing by 34% to 87,150 units from 65,086 units in the same period last year.

In contrast, three-wheeler sales declined, with 8,777 units sold in November 2024 compared to 12,128 units in November 2023.

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