TVS Motor

TVS delivers 1st batch of 50 iQube electric scooters to ZomatoAs a part of the agreement, TVS Motors will be offering 10,000 iQube e-scooter to delivery partners Zomato for last mile deliveriesTVS Motor Company has entered into an association with Zomato, a food ordering and delivery platform for their last mile mobility purposes. As a part of the deal that was inked on 28th June 2023, a total of 50 TVS iQube electric scooters were handed over to Zomato at an event held in Hyderabad.This was the first set of a total of over 10,000 TVS e-scooters which will be delivered to Zomato over a period of next two years. These vehicles will help Zomato reduce their carbon footprint and ensure a cleaner and greener mode of food delivery.TVS e-scooters for Zomato’s last mile deliveriesTVS Motors has also stated that as a part of this partnership with Zomato, all vehicles will have access to charging stations within the radius and will also receive smooth digital integration for more efficient delivery. The association between TVS Motors and Zomato will be across areas such as product, charging ecosystem, sustainability targets and digital integrations and is also a part of the automakers commitment towards green and sustainable mobility solutions.For Zomato as well, this association further strengthens their commitment to 100 percent EV adoption by 2030. This food ordering and delivery platform is the first to join Climate Group’s EV100 Campaign which is an international non-profit organization set up to help bridge private companies and the government in shifting fleets towards use of electric vehicles.New TVS iQubeMr. Manu Saxena, Senior Vice President, Electric Vehicles, TVS Motor Company, said, “With the success of TVS iQube Electric, we are expanding our electric offerings across multiple segments and last-mile delivery services stands at the opportune inflection point towards faster adoption of EVs. TVS Motor is proud to partner in the mission for electrification of Zomato’s delivery partners’ vehicles. This strategic partnership adds another milestone in TVS Motor’s journey to provide smart and reliable EV products and services with lowest total cost of ownership to our delivery partners.”Zomato’s Chief Operations Officer, Mr. Rinshul Chandra, added that, “At Zomato, we are committed to 100% EV adoption by 2030, and are the first food ordering and delivery platform to join Climate Group’s EV100 campaign. We are now partnering with over 50 companies in the EV ecosystem with the intent of onboarding over 100,000 EV-based delivery partners on our platform within the next 2 years. This association with TVS Motor adds further momentum to our commitment, given their global repute in the sustainable mobility domain. We are excited to jointly facilitate greener last-mile deliveries by transitioning our delivery partners’ vehicles to EVs.” TVS iQube electric scooterThe TVS iQube electric scooter, which first made its debut in January 2020, has found its niche in the electric two wheeler segment in India. It has seen sales of over 1 lakh units till date and continues to score high on sales charts each month. Offered in two variants of Standard and S, the iQube draws its power via a 3.04 kWh lithium-ion battery pack. Full charge is possible in 4.5 hours and allows for a range of 140-145kms on single charge and acceleration from 0-40 km/h in just 4.2 seconds. It has a top speed of 82 km/h and rivals the likes of Bajaj Chetak, Ola S1 Pro and Ather 450X. More

TVS Apache RTX 310 RenderThe 313cc-based TVS Apache RTX ADV motorcycle is likely to launch first – Followed by a 200cc ADV motorcycle in the futureIndia is a vast country and has varied biodiversity, ecosystems and terrains. This has led to a rise in a new crop of adventure motorcycles to feed one’s wanderlust. In mainstream motorcycle market, ADVs (real and pseudo) like Hero XPulse, Honda CB200X, Royal Enfield Himalayan and Scram, Suzuki V-Strom SX 250, BMW G 310 GS, KTM Adventure range, Yezdi Adventure and more.TVS never had any ADVs (real or pseudo) and that is likely to change soon. The company has trademarked the TVS Apache RTX name in India. The X letter is highly probable to be an adventure or crossover-type motorcycle that will soon grace the Indian market. Will it be a 200cc or 310cc? Our sources have revealed quite some revelations about this motorcycle. Let’s take a look.TVS Apache RTX Name TrademarkedThe homegrown Indian automaker is fond of its Apache moniker. So much so, there are multiple variations of it, for multiple body styles. In this sense, Apache RTR name stands for its street naked motorcycle range, Apache RR name stands for its faired motorcycle range. So, it is only logical to assume TVS Apache RTX name should stand for its ADV range.When we say TVS don’t have any ADVs, we mean to say that TVS doesn’t sell them with its name. The partnership between TVS and BMW has facilitated TVS to manufacture a 313cc ADV motorcycle for BMW. That said, this partnership between TVS and BMW seems to be slightly one-sided in the favour of the latter.TVS Apache RTX name trademarkedAs BMW procured three motorcycles (G 310 R, G 310 RR, G 310 GS) based on this 313cc platform, while TVS managed just one (Apache RR 310). Sources tell us that TVS is on the verge of launching its 313cc-based ADV and naked motorcycles soon.Minimal design changes with their BMW counterparts are highly likely. Most probably, TVS’ versions will just be re-branding exercise like it was with BMW G 310 RR, which was pound to pound, an Apache RR 310, without SmartXonnect Bluetooth (for Rs. 28,000 extra).The same 310cc engine in a similar state of tuneWhen launched, TVS Apache RTX 310 will get the same 313cc single-cylinder engine (33.52 bhp, 28 Nm, 6MT) as BMW G 310 GS and will feature similar componentry as well. Further down the line, TVS might incorporate a 200cc-based Apache RTX motorcycle as well, to rival Hero Xpulse 200 4V.2023 TVS Apache 310 Street renderWhen we first got this scoop, our rendering artist Pratyush Rout penned down his vision of what Apache RTX line could look like. He has created renders of both the street naked and ADV versions of their BMW counterparts. When TVS launches them, these motorcycles will get SmartXonnect Bluetooth system and compatible smartphone app as well. Pricing will be less than BMW counterparts despite feature additions. More

New TVS Apache 160TVS Motor had the Jupiter scooter highest in demand in domestic markets while the Star City 125 found increased buyers in exportsTVS Motor Company has registered a YoY sales (domestic + exports) growth from 2,85,247 units in May 2022 to 3,17,249 units in May 2023. It was positive growth seen across domestic markets while exports fell substantially on a YoY basis.Sales in domestic markets stood at 2,52,690 units in May 2023, relating to a 31.97 percent YoY growth when compared to 1,91,482 units sold in May 2022. This was a volume increase of 61,208 units. It was also a MoM growth when compared to 2,32,956 units sold in April 2023.TVS Motor Domestic Sales May 2023Topping domestic sales charts was the TVS Jupiter scooter with 57,698 units sold last month, down 3.21 percent from 59,613 units sold in May 2022. Jupiter currently commands a 22.83 percent share on this list. The Jupiter scooter was at No. 2 on the top 10 list in May 2023 with the Honda Activa taking the No. 1 spot.TVS Apache sales increased 55.14 percent in May 2023 to 41.955 units, up from 27,044 units sold in May 2022. It was followed by the XL moped with a 1.96 percent YoY growth to 35,837 units sold in the past month. Outstanding sales growth was reported for the TVS Raider, sales of which had stood at just 344 units in May 2022. Sales improved by 9911.63 percent to 34,440 units in May 2023.TVS sales breakup May 2023TVS Ntorq (27,556 units) and iQube (17,913 units) also saw sales increase by 5.96 percent and 579.29 percent respectively. There was also sales growth for TVS Sport by 25.06 percent to 14,779 units in May 2023 from 11,818 units sold in May 2022. The list also included Radeon (10,615 units) and Zest (5,632 units), both of which have seen YoY sales growth of 9.81 percent and 3.62 percent respectively. However, sales of Star City(4,381 units), Pep+ (1,617 units) and RR310 (267 units) dipped on a YoY basis.TVS Exports dip 31.15 percent in May 2023Exports fell by 31.15 percent in May 2023 with TVS Motor Company shipping 64,559 units in the past month, down from 93,765 units exported in May 2022. It was a MoM growth from 60,348 units shipped in April 2023.Star City 125 was the most exported model in the company lineup last month. Exports stood at 28,731 units, down 29.43 percent from 40,710 units sold in May 2022. The Star City 125 currently commands a 44.50 percent share. Star City exports also dipped 43.57 percent YoY to 13,262 units in May 2023 from 23,500 units shipped in May 2022.TVS exports breakup May 2023There were also 6,292 units of the Jupiter scooter exported last month.  TVS Apache exports also fell significantly on a YoY basis to 6,077 units in May 2023, down 47.70 percent when compared to 11,620 units sold in May 2022. While exports of TVS Ntorq increased by 25.86 percent to 3,816 units last month, that of Raider fell by 51.11 percent to 3,687 units from 7,542 units shipped in May 2022.There was a 100 percent growth in exports of TVS Victor with 960 units shipped last month from 480 units sold in May 2022. The export list also included the Sport (828 units), Wego (632 units) , Radeon (160 units), RR310 (60 units and XL (54 units). More

TVS Apache RR 310 Miami Blue. Image – Samuel CarvajalOnly the Colombian market is likely to get TVS Miami Blue colour along with a new White colour – No mechanical updatesTVS has a diversified portfolio not only in India. But in multiple global markets. One TVS commuter motorcycle even featured in an episode of The Grand Tour where Richard Hammond rides it in Africa. Likewise, TVS has a strong presence in Latin countries like Colombia as well.This is where TVS has showcased two new colours for its motorcycles and scooters. One of the new colours is called Miami Blue and the other is similar to Racing Edition showcased with Apache RTR 200. Images are credited to Samuel Carvajal.TVS Miami Blue Colour ConceptThe models include Apache RR 310 fully-faired bike, Raider 125 sporty commuter, Apache RTR 200 and Ntorq 125 scooter. TVS Miami Blue is a particular highlight . The White will definitely appeal to people who prefer subtle colours, unlike Miami Blue.TVS Miami Blue mainly comprises a teal blue shade and looks particularly spectacular on Apache RR 310. Given that it has more body panel real estate to show this colour off. Miami Blue is present on most of the fairing, side panels and fuel tank. While the sub frame is Black. TVS is playfully using Red accents that bring out Apache RR 310’s sporty lineage.TVS Apache RTR Miami BlueRed is present below headlights and in the tubular chassis. Wheels get half Black, half Red treatment like half-Orange and half-White on a few KTM models. Add to it Gold USD forks, Apache RR 310 looks a million bucks. TVS showcased Apache RTR body style in two colours. Both of them featured Black and Red wheels as well. Take a look at the detailed walkaround video below.[embedded content]One is Miami Blue and the other resembles Racing Edition. Both got a small windscreen, knuckle guards, front caliper cover and more. With Miami Blue on RTR body, TVS has given red elements too, present in faux tank shroud vents and on side body panels. With White colour, Red highlights are only present in faux vents in tank shrouds.Raider 125 and Ntorq 125 get new colours tooIn Colombia, TVS is offering the same Miami Blue and White with Raider 125 too. But Raider 125 lacks any Red highlights. Instead, Raider 125 showcased in White gets White grab handles for pillion, which is not the case with Miami Blue. Other than that, Raider 125 looks fresh in these new shades.TVS Raider 125 Miami BlueLastly, NTORQ 125 gets the same colour too, but retains Red accents. These Red accents are present in the front apron, rear body panels below grab rail and other places. Both Miami Blue and White look good on TVS Ntorq 125. TVS also showcased a video game simulation with Apache RRR 310 as the base vehicle too. Mechanically, these are similar to outgoing models and TVS is keeping its product fresh for the Colombian market with local feedback. We hope TVS brings this Miami Blue shade to India at least with Apache RR 310. More

New TVS RaiderTVS Motor two wheeler sales has posted exceptional YoY growth – TVS has over 30k pending orders of the iQubeTVS Motor Company has released sales figures for May 2023. It may be seen from the attached table that YoY sales growth was seen across motorcycle and scooter sales as well as where the company’s moped and e-scooter were concerned. Exports on the other hand have been lackluster, finishing in the red, both in terms of two and three wheelers.TVS Motor Company has registered 9.12 percent sales growth in May 2023. Sales (2+3 W) stood at 330,609 units in the past month, up from 302,982 units sold in May 2022. This was a volume growth of 27,627 units. On a MoM basis as well, the company has reported a 7.96 percent growth from 3,06,224 units sold in April 2023.TVS Motor Sales May 2023Talking exclusively about the company’s two wheeler sales, growth was reported across motorcycles, scooters, moped and sole electric scooter – iQube. Motorcycle sales improved by 9.21 percent to 1,62,248 units in May 2023. Up from 1,48,560 units sold in May 2022. It was also a 6.49 percent MoM growth from 1,52,365 units sold in April 2023. Motorcycle share currently stands at 50.81 percent. TVS motorcycle range includes Apache, Raider, Sport, etc.Scooter sales also saw a YoY growth of 2.52 percent to 1,03,203 units in May 2023, up 2,538 units as compared to 1,00,665 units sold in May 2022. MoM sales of scooters dipped 3.99 percent from 1,07,496 units sold in April 2023. TVS scooters include Jupiter, Ntorq, iQube, Scooty Pep+, etc.TVS Motor sales May 2023 vs May 2022 – YoY comparisonTVS Motor has been seeing good demand for the iQube e-scooter, sales of which surged to 17,953 units in May 2023, up 580.81 percent as against 2,637 units sold in May 2022. On a MoM basis as well, sales improved by 188.31 percent from 6,227 units sold in April 2023. From 1st June 2023, the company has increased prices of the TVS iQube in the range of Rs 17,000 to Rs 22,000 depending on variant.There is also the TVS XL 100 moped, sales of which increased by 42.32 percent YoY and 54.17 percent MoM to 52,844 units. This took total two wheeler domestic sales up 31.97 percent to 2,52,690 units in the past month up from 1,91,482 units sold in May 2022. MoM sales improved by 8.47 percent from 2,32,956 units sold in April 2023.Exports of two wheelers were lower on a YoY basis by 30.31 percent to 66,605 units from 95,576 units shipped in May 2022. MoM exports however improved by 7.72 percent over 61,830 units shipped in April 2023. Two wheeler total sales increased by 11.23 percent YoY and 8.31 percent MoM to 3,19,295 units in May 2023.TVS Motor sales May 2023 vs Apr 2023 – MoM comparisonTVS Motor 3W Sales and ExportsIn the three wheeler segment the company posted positive YoY sales in domestic markets but finished in the red in terms of exports. 3W domestic sales stood at 1,312 units in the past month, up 4.54 percent from 1,225 units sold in May 2022. MoM sales however, dipped 18.26 percent from 1,605 units sold in April 2023.Exports on the other hand fell on a YoY basis by 31.82 percent to 10,002 units from 15,669 units sold in May 2022. MoM exports saw a marginal increase of 1.72 percent from 9,833 units shipped in April 2023. Total 3W sales fell 28.95 percent YoY and 18.26 percent MoM to 11,314 units. More

TVS iQube electric scooterTVS iQube FAME-II linked price increase will be done in a staggered manner to ensure the electrification momentum is least impactedWith FAME II subsidies reduced for electric two-wheelers, several OEMs have announced price hikes. Subsidy under FAME II has been reduced from Rs 15,000 per kwh to Rs 10,000 per kwh. Also, max subsidy amount is now limited to 15% of the ex-factory pricing. This was 40 percent earlier.With significant reduction in FAME II subsidy, most OEMs have chosen to pass on the burden to consumers. Some OEMs like TVS have adopted a staggered approach, wherein prices will be increased gradually. This will reduce the overall cost burden on consumers and limit the impact on sales. TVS has also announced a loyalty programme to ease the impact of price hike.TVS iQube new prices – June 2023TVS iQube prices have been increased in the range of Rs 17,000 to Rs 22,000. The exact amount of price hike will depend on the variant. The new prices are effective from June 01, 2023. Before the revision in FAME-II, TVS iQube was eligible for subsidy of Rs 51,000. The base variant was priced at Rs 1.74 lakh, whereas iQube S variant came with a price tag of Rs 1.85 lakh.With the earlier subsidy, iQube standard variant was available at effective price of Rs 1.06 lakh in Delhi. With the new subsidy rates, iQube will cost around Rs 1.23 lakh. It remains to be seen what kind of an impact increased prices will have on sales of iQube electric scooter.Electric two-wheeler segment is expecting short-term erosion in sales. However, there’s unlikely to be any major impact in medium to long-term. There will be more clarity in the market in coming months, which can help boost sales. OEMs could also launch affordable, no-frills versions to attract customers.In addition to applying a gradual price increase strategy, TVS has also announced a special loyalty benefit programme for iQube customers. It will be applicable for folks who may have booked their iQube on or before May 20, 2023. The loyalty programme will be available only for a limited time period. It is meant to ease the cost burden, resulting from the revision in FAME II subsidy. Details of the loyalty programme will soon be published on the company’s website.iQube continues to register strong salesIn the last financial year, TVS iQube achieved the sales milestone of 1 lakh units. In May, retail sales were more than 20,000 units. Sales in coming months are expected to be just as good, as iQube has a healthy booking pipeline of more than 30,000 units. Even with the price hike, it appears that iQube will be able to increase its sales in the ongoing financial year.TVS continues to be committed towards promoting the use of sustainable mobility solutions. The company will take all steps, as necessary to accelerate faster adoption of EVs. TVS will also focus on development of overall electric vehicle ecosystem in the country. More