TVS Motor

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

TVS Domestic Sales and Exports in January 2023: Top-selling TVS two-wheelers in IndiaImage – MRD VlogsTVS Motor’s domestic sales and exports for January 2023 is a mixed bag result. Domestic sales improved while exports were just shy of having halved. While there were top gainers and losers, most bikes from TVS ended in the green YoY. Jupiter remained the best-selling model for TVS in January 2023, with a total of 54,484 units sold. XL followed closely behind, with 36,723 units sold. Apache, Raider, and Ntorq completed the top five best-selling models for TVS in January 2023.It’s worth noting that the Raider saw a massive jump in sales, with 27,233 units sold, up from 11,377 units sold in January 2022, representing growth of 139.37 percent. Apache Series sales were 28,811 units. Total domestic sales were up at 2,16,471 units.TVS Sales Breakup Jan 2023TVS Raider and iQube saw the highest growth in January 2023, with sales of 27,233 units and 12,169 units, respectively. Raider sales grew by 139.37% YoY. TVS’ electric scooter, iQube saw significant increase in sales, with 12,169 units sold in January 2023, up from just 1,529 units YoY. iQube e-scooter sales improvement has been consistent in recent months. And just like that, iQube sales has already overtaken the Sport, Radeon, Zest, and Pep+ in terms of sales.The Star City was the worst-performing model for TVS in January 2023, with just 3,203 units sold, down 35.48% from the same period last year. The Pep+ was the only other model to see a decline in sales, with just 4,581 units sold, down 0.89% from January 2022.TVS Sales Jan 2023Despite exports contracting, total sales hasn’t suffered to the same extent due to improved domestic sales. The manufacturer has maintained its position as one of the top two-wheeler manufacturers in India. TVS Raider, which was updated in November 2022, is one of the top-selling TVS two-wheelers. iQube electric scooter has also gained a lot of popularity, with sales growing by almost 700% YoY. This is in tandem with current e-scooter sales trends.Jupiter and XL continue to be the most popular TVS two-wheelers, just like in January 2022. Raider and iQube are gaining momentum. Monthly sales indicates that TVS is well-positioned in the Indian two-wheeler market. Its diverse range of two-wheelers continues to appeal to different segments of consumers. The company had a good start to 2023 in the domestic market, in line with the wider trends in the Indian two-wheeler market.How TVS Motors fared in exports in January 2023TVS Motor Company exports in January 2023 showed a decline compared to January 2022. Exports dropped to 46,255 units in January 2023 compared to 85,528 units exported in January 2022. This reflects a decrease of 45.92% in exports. Star City125 and Star City models recorded the highest exports in January 2023 with 35.45% and 26.73% share, respectively. On the other hand, the RR310 and Radeon models had a negligible share of 0.08%.TVS Exports Jan 2023However, it’s interesting to note that TVS Jupiter witnessed tremendous growth at 3,357 units in January 2023 compared to only 118 units exported in the same month last year. While Victor and XL also recorded growth, other models like Apache and Ntorq witnessed a decline in sales. Exports fell to 46,255 units from 85,528 units. More

TVS Ronin motorcycle gets a 225 cc engine with a first-in-segment Integrated Starter Generator (ISG)MS Dhoni taking delivery of his new motorcycle – TVS RoninTVS Motor Company launched the new Ronin motorcycle last year. It is presented in three variants of Ronin SS, Ronin DS, and a top variant called Ronin TD priced from Rs 1,49,000 to Rs 1,70,650, ex-sh.This scrambler-style motorcycle is built entirely on a brand new chassis and comes in with first in segment mild-hybrid technology with an Integrated Starter Generator (ISG) that also offers first of its kind silent start system. Brand ambassador of TVS Motorcycle, MS Dhoni has now taken delivery of new TVS Ronin.MS Dhoni Takes DeliveryMS Dhoni needs no introduction. He is one of the most successful cricket captain Indian team has ever had. He is also a biking enthusiast, and owns over 100 motorcycles. These include Kawasaki Ninja H2, X132 Hellcat, Yamaha RD350, Rajdoot, Suzuki Shogun, Yamaha RX100, TVS Apache 310, a few Harley Davidson, Ducati, etc.MS Dhoni’s newest motorcycle is TVS Ronin top variant. Speaking about variants, base Ronin SS gets two monotone colours of Magna Red and Lightning Black. The Ronin DS is being offered in two dual-tone colour options of Delta Blue and Stargaze Black, while top-of-the-line Ronin TD is available in Galactic Grey priced at Rs 1,68,750 and Dawn Orange priced higher at Rs 1,70,750.MS Dhoni taking delivery of his new motorcycle – TVS RoninPositioned as a premium lifestyle product, the TVS Ronin sports a rounded LED headlamp, T shaped signature position lamp and arrow shaped LED turn signals. At the rear, a crystalline light bar is noted. Design features also include a tear drop shaped fuel tank, gold painted upside down front forks, blacked out engine and a slim seat design.It rides on multi spoke, 17 inch, alloy wheels in a dual tone finish and riding stance is more comfortable thanks to wide set handlebars and centrally mounted foot pegs. The kerb weight is 160 kgs. The tyres sport a block pattern and have been specifically developed for Ronin.TVS Ronin Features, Engine SpecsInstrumentation is via a Bluetooth-enabled monopod instrument cluster with features such as trip meter, gear shift indicator and ride mode indicator besides options for TVS’ SmartXonnect connected vehicle system offering turn-by-turn navigation, calls as well as SMS alerts and voice assist.New TVS RoninTVS Ronin gets its power via a 225.9cc, fuel injected, single cylinder engine. This is the same engine that also powers TVS Apache RTR 200 4V. The engine is capable of 20 hp power at 7,750 rpm and 20 Nm torque at 3,750 rpm mated to a 5 speed gearbox with assist and slipper clutch. Top speed is pegged at 120 km/h. Braking is via 300mm disc brakes at the front and 240mm disc brakes at the rear while the Ronin gets 41mm USD fork in the front and gas charged monoshock unit at the rear.The base and mid variants receive single channel ABS while the top spec model sports dual channel ABS with Rain and Urban modes as standard. TVS Ronin is the first motorcycle in its segment to get an integrated starter generator (ISG) that facilitates a smooth and silent start.Never seen before, TVS Motor is also offering buyers a series of accessories for the new Ronin via an online configurator, allowing for a more personalized stance. Customers can fit their bikes with adjustable levers, saddle bags, tank grips, visor, etc. and can also select from a range of apparel to go along with the Ronin that includes riding jackets, gloves and helmets. More