TVS Motor

TVS iQube Electric registered sales above 10,000 units for the 5th consecutive monthTVS ApacheTVS Motor Company sold a total (domestic + exports) of 3,17,152 (2W and 3W) in March 2023. This was a 2.99 percent YoY growth from 3,07,954 units sold in March 2022. It was a YoY volume growth of 9,198 units.TVS Sales March 2023 vs March 2022 – YoYTwo wheeler sales in domestic markets stood at 2,40,780 units, up 22.47 percent YoY as against 1,96,596 units sold in March 2022 with a 44,184 unit volume increase. Out of these sales, motorcycle sales were at 1,41,250 units in March 2023, down 12.01 percent when compared to 1,60,522 units sold in March 2022.TVS Motor Sales March 2023 vs March 2022 – YoY analysisMotorcycle sales command a 45.93 percent share. Scooter sales, on the other hand, improved by 35.96 percent YoY to 1,28,817 units sold in March 2023 from 94,747 units sold in March 2022 relating to a 35,070 unit volume increase. Scooters command a 41.88 percent share.There were also 15,364 units of the iQube, TVS’ sole electric model sold in March 2023, 754.03 percent YoY growth over 1,799 units sold in March 2022. TVS also has the XL100 moped in its company lineup of which 37,492 units were sold last month, relating to a 0.42 percent YoY de-growth from 37,649 units sold in March 2022.TVS Motor Two Wheeler Sales March 2023 BreakupExports of two wheelers dipped 30.41 percent YoY to 66,779 units in March 2023 from 95,962 units shipped in March 2022. This took total two wheeler sales up 5 percent YoY to 3,07,559 units in March 2023 from a total of 2,92,918 units sold in March 2022.TVS Motor Sales March 2023 vs Feb 2023 – MoM AnalysisTVS Motors 3W Sales March 2023Three wheeler sales (domestic + exports) in March 2023 dipped 36.20 percent to 9,593 units, down from 15,036 units sold in March 2022. This was a 5,443 unit volume de-growth. 3W domestic sales increased by 4.79 percent to 1,335 units in March 2023 from 1,274 units sold in March 2022 with a 31.93 percent share. 3W exports on the other hand, dipped 39.99 percent to 8,258 units in the past month from 13,762 units shipped in the same month last year.Taking total Domestic 2+3 wheeler sales into account, sales improved by 22.36 percent to 2,42,115 units in March 2023 from 1,97,870 units sold in March 2022. This was a 44,245 unit volume growth with a 76.34 percent share. Exports (2+3W) fell by 31.61 percent YoY to 75,037 units in March 2023 from 1,09,724 units sold in March 2022. This took total sales of the company to 3,17,152 units in March 2023 up 2.99 percent from 3,07,954 units sold in March 2023.When assessing sales in the financial year 2022-23, total two wheeler sales of TVS Motor stood at 8.40 lakh units, up from 8.15 lakh units registered in the same period of 2021-22. Three wheeler sales stood at 0.29 lakh units in FY 2022-23, down from 0.42 lakh units sold in FY 2021-22. Total exports were at 1.85 lakh units the last quarter down from 3.15 lakh units shipped in the third quarter of 2021-22. More

With good response to iQube, TVS is looking to expand it EV portfolio with multiple new productsImage for illustration purpose onlyMainstream two-wheeler manufacturers like TVS, Bajaj and Hero MotoCorp currently have a single product each in their electric portfolio. TVS is looking to strengthen its presence by launching new products in the range of 5kW to 25kW. These new products will be launched over the next 18 months.TVS plans were revealed by the company’s CEO KN Radhakrishnan in a recent conference. TVS new electric two-wheelers will be getting a new powertrain. This is evident from a recent patent filed by the company. This new powertrain is what could be powering the upcoming Jupiter electric scooter, which will rival Activa electric next year.TVS Jupiter Electric Scooter Patent LeaksTVS Jupiter Electric Scooter Patent Leaks – More powerful powertrain, higher rangeiQube utilizes a hub motor that has its advantages such as silent operations and minimal energy loss. However, a hub motor may not be able to perform that well in cases where power output is more than 5kW. As TVS new electric two-wheelers will be in range of 5kW to 25kW, a new mid-mounted motor is being developed. A recent patent filing has revealed some interesting details about the new electric powertrain.A simple transmission system has been used to connect the mid-mounted motor to the rear wheel. A unique aspect is that the transmission casing doubles up as the swingarm. This is likely to help reduce the overall weight of the intended electric two-wheeler. At the motor’s end, the casing is linked to a pivot. At the wheel end, the casing supports the rear axle.TVS Jupiter Electric Scooter Patent LeaksA drive gear transfers power from the motor to the rear wheel. TVS has termed it as an ‘endless transmission drive’. The patent mentions the possibility of using either a chain drive or a belt drive. As compared to the hub motor where the motor and wheel spin at the same speed, this new powertrain is characterized by a speed reduction ratio. It means that the speed at which the motor and rear wheel spin will be different.TVS new electric powertrain vs rivalsMid-mounted motors are preferred for vehicles with higher power output. Similar systems are already in use with electric scooters like Ather 450X and Ola S1 Pro. TVS will probably be looking to create a new range of performance-oriented electric two-wheelers with this new powertrain. For reference, iQube has a 4.4 kW setup that achieves 0-40 kmph in just 4.2 seconds.TVS Jupiter electric with the new mid-mounted motor will deliver a better overall ride experience. It will rival the upcoming Honda Activa electric scooter, which is planned for launch in Jan 2024. In the petrol scooter segment, Activa and Jupiter are the top 2 selling scooters in India. The rivalry is likely to continue in the EV era too.With its new electric models, TVS will be able to target a wider customer base. As of now, iQube has already entered the list of top 10 bestselling scooters in the country. Sales in February 2023 were at 15,522 units, a YoY gain of 593.57%. With a diversified electric portfolio, TVS will also be able to increase market share. Enthusiasts are also waiting for launch of iQube ST variant that was announced last year. More

TVS Motor reported significant growth in domestic markets while exports dipped by over 50 percent in Feb 2023TVS iQube Mega Delivery Event In PuneTVS Motor total two wheeler sales (domestic + exports) stood at 2,65,872 units in Feb 2023. This was against 2,66,212 units sold in Feb 2022. Domestic two-wheelers saw a 27.83 percent YoY growth with sales of 221,402 units in February 2023. This was as against 1,73,198 units sold in Feb 2022 relating to a volume growth of 48,204 units.Maximum sales growth was reported for the iQube electric scooter which posted a 593.57 percent YoY increase in sales. Exports on the other hand dipped 52.19 percent to 44,470 units in Feb 2023 from 93,014 units shipped in Feb 2022. This was a volume de-growth of 48,544 units.TVS Motor Domestic Sales Feb 2023TVS Domestic Sales Feb 2023In domestic markets it was the TVS Jupiter that saw the most sales. Sales in the past month stood at 53,891 units, a 14.44 percent YoY growth over 47,092 units sold in Feb 2022 relating to a volume growth of 6,799 units. Jupiter commands a 24.34 percent share on this list. The TVS Jupiter was also the 2nd best-selling scooter in Feb 2023 after the Honda Activa.There was a YoY de-growth of 1.40 percent reported for the TVS XL, of which 35,346 units were sold in domestic markets last month. This was as compared to 35,848 units sold in Feb 2022. Apache sales surged 112.94 percent YoY to 34,935 units from 16,406 units sold in Feb 2022.TVS Domestic sales breakup % share Feb 2023At Nos. 3 and 4, TVS Apache and Raider also posted YoY growth at 112.94 percent and 105.82 percent to 34,935 units and 30,346 units respectively. These two bikes also found mention on the list of top 10 2 wheelers sold in Feb 2023.TVS Ntorq sales dipped 25.74 percent YoY to 17,124 units in Feb 2023 even as sales had stood at 23,061 units in the same month last year. This was a volume de-growth of 5,937 units with a 7.73 percent share on this list.Outstanding demand was seen for the iQube electric scooter in Feb 2023. Sales surged 593.57 percent to 15,522 units from 2,238 units sold in Feb 2022. The TVS iQube was also at No. 6 on the list of best-selling scooters last month.TVS Motor Sales and Exports Feb 2023TVS Sport sales increased 71.16 percent to 11,839 units in Feb 2023 while sales of Radeon dipped 16.29 percent to 8,212 units. YoY de-growth was also seen in the case of TVS Pep+ by 17.03 percent to 5,555 units as did sales of Zest (4,560 units), Star City (3,698 units) and RR310 (374 units).TVS Exports Feb 2023 – Huge decline registeredTVS exports dipped 52.19 percent in Feb 2023. Exports stood at 44,470 units in the past month as against 93,014 units shipped in Feb 2022. It was also a MoM de-growth from 46,255 units exported in Jan 2023.TVS Exports Feb 2023TVS Star City 125 was the most exported model from the company lineup last month. Exports stood at 18,250 units, a 48.63 percent YoY decline from 35,525 units exported in Feb 2022. This was a 17,275 unit volume de-growth with a 41.04 percent share.Jupiter exports surged by 1781.34 percent YoY in Feb 2023 to 5,343 units from 284 units exported in Feb 2022. Thereafter, exports dipped for the Sport (5,148 units), Star City (4,876 units) and Apache (4,671 units).  Increased demand by 2.99 percent was seen in the case of TVS Ntorq to 2,686 units in Feb 2023 from 2,608 units shipped in Feb 2022 while Raider exports fell by 50 percent to 1,910 units in the past month from 3,820 units exported in Feb 2022.TVS Exports breakup % share Feb 2023TVS Victor exports remained at 800 units in both months in question while exports of XL dipped 62.64 percent YoY to 612 units in Feb 2023 from 1,638 units sold in Feb 2022. TVS Wego exports improved by 213.04 percent to 144 units from 46 units exported in Feb 2022 while RR310 exports fell by 76.38 percent to just 30 units even as there had been 127 units exported in Feb 2022. Radeon exports were down to 0 units last month from 280 units shipped in Feb 2022. More

Second edition of TVS MotoSoul has had a great start on Day 1 with unveiling of four droolworthy Ronin customizations by some of the world’s best custom buildersTVS Ronin SCRAn event that essentially celebrates the love for motorcycles, TVS MotoSoul 2nd edition has gotten off to a roaring start in Goa. The timing seems perfect, as TVS recently achieved the 5 million global sales milestone for its Apache range. TVS MotoSoul promises an exhilarating experience for racers, riders and performance enthusiasts via multiple racing events as well as action-packed performances by leading artists.On Day 1 of TVS MotoSoul, the focus was on the TVS Ronin platform. Ronin is popular for its modern-retro profile, a first in the Indian two-wheeler segment. To showcase its full potential, TVS unveiled 4 custom builds of Ronin. The company also announced its foray into a new format of racing called Flat Track Racing.TVS Ronin MusashiTVS Ronin custom buildsOne of the Ronin custom builds is Agonda, created by Germany-based JvB Moto. The name is derived from Agonda Beach, one of the popular beaches in Goa. The customized bike has a scrambler profile, with updates to the headlamp, fenders, side panels, seat and exhaust. Ronin Agonda custom build gets a new matte white colour shade with contrasting 5-colour bands on the fuel tank. Shape of the engine cover has also been modified.Another Ronin custom build is named Musashi, created by Indonesia-based Smoked Garage. It is inspired by ‘Ronin’, which in Japanese means a free, wandering samurai. True to its name, Ronin Musashi is probably the best example of a free-spirited entity. The custom design seems to work without any limitations or boundaries, which has ensured a radical profile for the bike.TVS Ronin AgondaSome of the key highlights include a reworked handlebar, wire mesh headlamp cover, custom engine guard and horizontal back-link rear suspension. The bike has a blacked-out profile that creates a captivating contrast with the golden USD forks.Ronin custom build from India is named Wakizashi, created by Rajputana Customs. It has a cafe racer profile with rider-only seat, low-set and pulled-back handlebar, wire-spoke wheels and custom designed sculpted fuel tank. Most of the panels have been removed, which makes the bike all muscle and bones. The bike has road-biased tyres, which makes it suitable for urban racing.TVS also unveiled its own factory custom Ronin named SCR. It has been customized by TVS Design Team. Ronin SCR custom build is a rally machine with features such as LED headlamp, raised front fender, modified seat and tail section, tracker style side panels and dual exhaust in metallic finish. The bike gets chunky block-pattern tyres. It has an attractive colour theme of light gey and bright yellow.TVS Ronin WakizashiTVS Flat Track RacingFor the benefit of racing enthusiasts, TVS has come up with a new form of racing called Flat Track Racing. Ronin will be part of this project that seeks to create a new breed of racing enthusiasts. The project will have the backing of TVS Racing’s extensive experience of more than 40 years. TVS will actively engage with riders to motivate and train them so that they can gain in-depth knowledge about the art of racing.Day 1 of TVS MotoSoul 2023 also witnessed a mesmerizing performance by Lucky Ali, a singer, actor and songwriter. DJ Nikhil Chinapa was also there to enthral the audience with a pulsating live-set performance. More

TVS Motor Company Records 27.83% YoY Growth in Two-Wheeler Domestic Sales in February 2023; iQube e-scooter Sales GrowthImage – Gentleman bikesTVS Motor Company reported YoY growth of 27.83 percent in its two-wheeler domestic sales, which stands at 2,21,402 units in Feb-23 as compared to 1,73,198 units in Feb-22. Motorcycle sales declined by 12.04 percent YoY with 1,26,243 units sold in Feb 23, down from 1,43,523 units sold in Feb 22.The scooter segment, on the other hand, showed positive growth of 21.02 percent YoY. 1,04,825 units sold in Feb 23 as compared to 86,616 units sold in Feb 22. The fairly newly introduced e-scooter segment has shown tremendous growth of 593.57 percent YoY. 15,522 units sold in Feb 23 as compared to 2,238 units sold in Feb 22. This was the 4th consecutive month when sales surpassed 10k units. Demand for iQube is strong.Moped and 3W sales decline in February 2023Moped segment witnessed a decline of 4.08 percent YoY. 35,958 units sold in Feb 23 as compared to 37,486 units sold YoY. The company’s total two-wheeler sales have remained flat, with a marginal decline of 0.22 percent YoY. 2,67,026 units sold in Feb 23. 2,67,625 units sold a year earlier.In terms of 2W exports, the company  recorded a decline of 51.68 percent YoY. 45,624 units sold in Feb 2023. Down from 94,427 units in Feb-22.3W domestic sales, on the other hand, have shown growth of 42.57 percent YoY. 1,343 units sold in Feb-23, up from 942 units sold in Feb-22. However, three-wheeler exports have declined by 40.82% YoY. Down to 7,781 units in Feb 2023 from 13,147 units in Feb-22. TVS’ total domestic 2W and 3W sales have grown by 27.91 percent YoY. 2,22,745 units sold in Feb 23, up from 1,74,140 units YoY. Total exports of two and three-wheelers declined by 50.36% YoY. Down to 53,405 units from 1,07,574 units.TVS Sales Feb 2023February 2023 – Scooters and e-scooter growth; motorcycles and mopeds declineTVS Motor Company recorded strong YoY growth in its two-wheeler domestic sales in Feb-23. Scooter and e-scooter segments have shown positive growth, whereas motorcycle and moped segments witnessed decline. The company’s exports have declined significantly, while its domestic sales have grown. In the end, fall in exports exceeded gains in the domestic market to end in the red. Total sales fell to 2,76,150 units from 2,81,714 units. Volume loss stood at 5,564 units at almost 2 percent decline.TVS Motor Company has a strong presence in the domestic market. The company has been focusing on expanding its product portfolio, with a great emphasis on the scooter and e-scooter segments, to cater to customer preferences. Decline in export sales could be attributed to the challenging global economic environment, and supply chain disruptions.MoM 2W domestic sales growthMoM growth of 2.13 percent in domestic (2+3W) sales in Feb-23, with 2,22,745 units sold. Up from 2,18,091 in Jan-23. However, MoM exports (2+3W) declined by 6.35 percent. Down to 53,405 units from 57,024 units in the same period. Overall, the company registered marginal MoM growth of 0.38 percent. MoM, total domestic two-wheeler sales increased by 2.28 percent to 2,21,402 units, from 2,16,471 units in Jan-23.TVS Sales Feb 2023In the motorcycle segment, MoM growth is reported at 4.30 percent, up from 1,21,042 units. MoM scooter sales declined by 1.61 percent. However, e-scooter sales continued to show strong growth momentum with MoM growth of 27.55 percent, up from 12,169 units. Moped sales MoM decline is reported at 3.16 percent, down from 37,131 units. In the three-wheeler segment, TVS Motor’s MoM domestic sales declined by 17.10 percent. Down from 1,620 units. MoM 3W exports declined by 11.43 percent, down from 8,785 units. Total MoM 3W decline is reported at 12.31 percent. More