TVS Motor

Image – The Bikers DiaryTVS domestic sales improved on a YoY basis while exports fell significantly with most models showing a lower demand on global marketsTVS Motor Company has revealed its sales report for June 2023. While the company has done well in domestic markets, posting a YoY growth of 22.14 percent, its exports have dipped 32.03 percent with most models in the company lineup receiving less attention from overseas buyers. Total sales (domestic + exports) of TVS Motor in June 2023 stood at 3,02,979 units, up from 2,91,881 units sold in June 2022. It was a MoM de-growth from a total of 3,17,249 units sold in May 2023.In domestic markets, sales of TVS Motor stood at 2,35,833 units in June 2023. This was a 22.14 percent YoY growth from 1,93,090 units sold in June 2022. It is related to a 42,743 unit volume growth. MoM sales however, dipped from 2,52,690 units sold in May 2023.TVS Sales Breakup June 2023TVS Domestic Sales June 2023 – BreakupIt was TVS Jupiter that once again topped domestic sales charts. Sales improved 2.23 percent to 64,252 units in June 2023 from 62,851 units sold in June 2022. The Jupiter commands a 27.24 percent share in the company lineup and was also the 2nd best-selling scooter in the country after the Honda Activa. The XL moped saw sales dip 7.94 percent YoY to 34,499 units in the past month, down from 37,474 units sold in June 2022. This was a 2,975 unit volume de-growth with a 14.63 percent share.TVS Raider (34,309 units), Apache (28,127 units) and Ntorq (28,127 units) each posted substantial YoY growth. Of the TVS iQube, the company’s only electric offering, sales stood at 14,462 units in June 2023 up 209.88 percent from 4,667 units sold in June 2023. However, in view of price adjustments on account of FAME II subsidies, there was a MoM de-growth in iQube sales as against 17,913 units sold in May 2023.TVS Sales Breakup June 2023Sales of TVS Sport also improved by 26.52 percent YoY to 11,669 while sales of the Radeon dipped 1.52 percent to 9,759 units in June 2023 from 9,910 units sold in June 2022. Domestic sales list also had Zest (5,889 units), Star City (3,071 units), Pep+ (1,379 units) and RR310 (340 units) out of which it YoY growth for Zest and RR310 while sales of Star City and Pep+ ended in the red.TVS Exports Breakup June 2023TVS Exports June 2023Exports fell by 32.03 percent YoY to 67,146 units in June 2023 down 31,645 units when compared to 98,791 units shipped in June 2022. MoM exports grew from 64,559 units shipped in May 2023. It was the Star City 125 that commanded the export list with 29,384 units sold last month, down 21.29 percent from 37,331 units sold in June 2022. This was a 7,947 units volume de-growth with a 43.76 percent share in the company lineup.Exports also fell for the Star City by 26.99 percent to 17,082 units as compared to 23,397 units shipped in June 2022. It was also a YoY de-growth from the TVS Apache by 63.64 percent down to 5,034 units from 13,843 units shipped in June 2022. TVS Raider exports also fell 37.70 percent YoY to 4,434 units in June 2023 from 7,117 units sold in June 2022.Jupiter scooter exports increased substantially by 1983.77 percent from just 154 units sold in June 2022. Thereafter, it was YoY degrowth for the Ntorq (3,102 units), TVS Sport (2,535 units) and Wego (994 units) while Victor and XL exports improved to 800 units and 330 units respectively. Lower down the list, it was the TVS Radeon that witnessed a 28.57 percent YoY de-growth to 200 units from 280 units shipped in June 2022. However, RR310 exports increased 23.53 percent in the past month to 42 units from 34 units exported in the same month last year. More

Image for reference onlyAther 450S, Ola S1 Air, TVS iQube: Clash of the Affordable Electric Scooters – Battery Size, Features2W EV space is currently in a conundrum with the recent FAME II subsidy scheme revisions. The safety net of FAME II subsidy for EV makers to reach out to potential buyers with attractive pricing is now history. Manufacturers are now striving to make available more affordable models with smaller batteries to counter this.Ather and Ola are already onboard with launching less expensive variants. Now, recent reports suggest that TVS seems to be buying a ticket to board this train. A more affordable variant with fewer features seems to be the agenda. We should see similar design as iQube, with less of, well, everything. Let’s take a look.TVS iQube Pocket-Friendly Surprise: What to ExpectRevisions in FAME II subsidy include a reduction in subsidy per kWh from Rs. 15,000 to Rs. 10,000. Also, this revision brings a 15% cap for subsidies with respect to their ex-sh prices. This was pegged at 40% earlier. And is a primary reason why manufacturers are turning towards less expensive electric scooters.TVS iQube electric scooter is currently the second-largest seller in 2W EV space. TVS sold 5,253 units in June 2023, which is 15,143 units down from 20,396 units sold in May 2023, just a month before. With sales plunging dramatically, a less expensive model with the right specs should prove beneficial.TVS iQube Base Model Specs: Cloak and Dagger, Stay Intrigued!As of now, specs aren’t available. TVS currently sells two variants of its popular iQube scooter. The base Standard iQube variant and mid-spec iQube S variant. The top-spec iQube ST is still not on sale despite being announced alongside the other two. Only the top-spec iQube ST has a 4.56 kWh battery. Both variants currently available on sale feature a 3.04 kWh battery.So, if TVS is carving out a less expensive model, it will boast a battery smaller than 3 kWh. The TFT screen is non-touch with base iQube Standard. The soon likely to be base model might feature an LCD unit like on its ICE range of scooters. We hope range is not less than around 80 km in real-world use.Pricing is likely to be around Rs. 1.2 lakh (ex-sh). Base iQube Standard costs Rs. 1.55 lakh (ex-sh) and mid-spec iQube S costs Rs. 1.62 lakh (ex-sh).The Rise of the Affordable EV: TVS iQube Joins the Race – Expected rivalsTVS’ upcoming base model for iQube line will rival the likes of upcoming Ather 450S and Ola S1 Air. Ather 450S will cost Rs. 1.3 lakh (ex-sh) and Ola S1 Air starts from Rs. 85,000 with a 2 kWh battery. Price increases upto Rs 1.1 lakh for the 4 kWh battery option. Not only is Ola offering a larger 4 kWh battery with its least expensive model, but it is offering most of the techy gizmos seen in S1 Pro.Source More

Image – RPMotosWinners of TVS Apache Racing Experience GP Championship get a tonne of perks including all-expense trip to Malaysia MotoGPTVS Motor is extending its racing envelope to include a new series under One Make Championship. As we know, One Make Championship has been encouraging new talents across the country. It provides racing experience, both theory and practical, for enthusiasts and learners in a safe and controlled environment.As part of One Make Championship (OMC), TVS ARE GP Championship (TVS Apache Racing Experience GP Championship) is now live. Interested candidates can register today with TVS Motor at their official website. Let’s take a look at the technical nuances with this new event. TVS conducts these events under the “Track to road” philosophy.TVS ARE GP Championship announcedTVS ARE GP Championship announcedAs of now, TVS OMC involves four categories – Rookie, Women’s, Media and Expert. The company even took this event international in 2022 with TVS Asia One Make Championship. The newly announced ARE GP Championship is for all existing TVS Apache owners.It involves three categories. Owners of Apache RTR 160 & Apache RTR 180, owners of TVS Apache RTR 200 4V and owners of TVS Apache RR 310. The first season will kick off with 1,000 participants across 20 cities. Starting from Vadodara (July 15th, 2023) Surat (July 16th, 2023) and Hyderabad (July 16th, 2023).TVS Apache Records 5 Million SalesTVS’ in house experts like FIM Baja Rally world cup winner, Aishwarya Pissay, winner of 10 national championships in India, Jagan Kumar, Winner of 2022 TVS Asian OMC, Vorapong Malahuan and KY Ahmed will teach participants theory and practicals of track racing. TVS will select one winner per city, per category for the final round held in Jan 2024. Finalists will race on TVS OMC race-spec motorcycles including TVS Apache RTR 200 & RR310.Perks of winning this eventWinner in the final round will get an all-expense paid trip to watch MotoGP in Malaysia. The company will even offer a wild card entry into two rounds of TVS OMC RR310 event. Lastly, they will get exclusive Petronas TVS Racing merchandise as well.Speaking on the occasion, Mr. Vimal Sumbly, Head Business – Premium, TVS Motor Company said “TVS Racing has been instrumental in making motor racing aspirational yet accessible for enthusiasts across the country. We take great pride in being the propagators of offering a platform for racers to hone and showcase their skills and take their first step towards following their passion for racing.In line with this vision and fuelled by our commitment to promote safe yet thrilling racing culture, we are excited about bringing the first edition of the ARE – GP Championship in India for our strong community of TVS Apache customers. TVS Apache series have played a pivotal role in flourishing premium motorcycling culture and is a popular brand among motorcycle enthusiasts and the Gen-Z. With this championship, we are confident of setting new benchmarks by offering unique opportunities to our customers for an augmented experience when they associate with the brand.” More

New TVS Apache 160TVS reported rising demand for the iQube electric scooter in June 2023 with a 210 percent YoY growth TVS Motor Company has reported its sales for the month of June 2023 wherein growth is seen across 2W and 3W domestic sales while exports decreased. The company registered a 2.56 percent YoY increase in overall sales. Total sales (2W+3W) (domestic + exports) improved to 3,16,411 units from 308,501 units in June 2022. MoM sales however, dipped by 4.29 percent from 3,30,609 units sold in May 2023.In domestic markets, 2 wheeler sales growth was seen across motorcycles, scooters, and electric scooter while moped sales dipped. There were 1,48,208 units of motorcycles sold last month, a 1.46 percent YoY growth from 1,46,075 units sold in June 2023. This was a volume growth of 2,133 units with motorcycles commanding a 48.69 percent share in the company lineup. MoM sales however, fell by 8.65 percent from 1,62,248 units sold in May 2023.TVS Motor sales June 2023 vs June 2022 – YoY comparisonTVS 2W Sales and Exports June 2023Scooter sales grew both YoY and MoM by 10.45 percent and 17.60 percent respectively to 1,21,364 units in June 2023 to command a 39.87 percent share. There were 1,09,878 units sold in June 2022 and 1,03,203 units sold in May 2023.TVS Motor sells the iQube in the electric scooter segment. Sales improved 209.88 percent YoY to 14,462 units in June 2023 from 4,667 units sold in June 2022. However, it was a MoM decline of 19.45 percent from 17,953 units sold in May 2023.TVS Motor sales June 2023 vs May 2023 – MoM comparisonThe XL100 moped, the only such model in the company lineup, has posted a YoY and MoM de-growth at 7.77 percent and 35.31 percent respectively to 34,839 units in June 2023. There were 37,762 units and 53,844 units sold in June 2022 and May 2023. This took total 2W domestic sales up 22.14 percent to 2,35,833 units in June 2023 from 1,93,090 units sold in June 2022 while MoM sales fell by 6.67 percent from 2,52,690 units sold in May 2023.2W Exports on the other hand fell 31.86 percent YoY but improved 2.95 percent MoM to 68,568 units in June 2023. This was against 1,00,625 units shipped in June 2022 and  exports of 66,605 units in May 2023. Thus total (2W + 3W) (domestic + exports) grew by 3.64 percent YoY but fell 4.66 percent MoM to 3,04,401 units in June 2023.TVS Motor 3W Sales and Exports June 2023Where three wheeler sales and exports were concerned, the company sold a total of 12,010 units in June 2023.This was an 18.77 percent YoY de-growth from 14,786 units sold in June 2022. MoM sales improved by 6.15 percent from 11,314 units sold in May 2023. Domestic 3W sales grew 49.06 percent YoY and 9.30 percent MoM to 1,434 units to command an 11.94 percent share on the company list. However, exports fell 23.50 percent YoY but improved 5.74 percent MoM to 10,576 units to hold an 88.06 percent share.Total sales of 2+3W in domestic markets thus improved 22.27 percent YoY to 2,37,267 units from 1,94,052 units sold in June 2022 while MoM sales fell by 6.59 percent from 2,54,002 units sold in May 2023.  Exports suffered a YoY de-growth of 30.85 percent to 79,144 units in June 2023 from 1,14,449 units sold in June 2022. MoM exports improved by 3.31 percent from 76,607 units shipped in May 2023. More