TVS Motor

TVS Motor Company invests in ION Mobility: Stepping up electrification efforts and leading the charge e2W charge in SE AsiaION Mobility Electric Scooter M1-STVS Motor Company has invested in ION Mobility to support its commitment to electrification in the automobile industry. The investment will help ION succeed in premium e2Ws. Ion operates in Singapore, Indonesia and China. TVS is committed to expand its global presence by building an aspirational product portfolio by partnering with sustainable and scalable brands.TVS comes aboard as a strategic investor in Ion Mobility. And will be providing support and contributing to its future growth and development. The agreement between both companies is expected to bring significant benefits to both parties.TVS Motor is leveraging its experience and expertise in the automotive industry to support Ion Mobility’s growth in the e-mobility space. The investment reflects TVS Motor’s drive to promote sustainable mobility solutions, and its belief in the future potential of EVS. TVS iQube electric scooter sales in India was reported at remarkable growth in recent months.Investment agreement between TVS Motor Company and ION MobilityTVS Motor (Singapore) Pte. Ltd., a wholly-owned subsidiary of TVS Motor Company Limited, has entered into an investment agreement with Ion Mobility. The company will subscribe to 3,144,198 Series AA Shares of Ion Mobility, with an aggregate investment of US$9,500,000.ION Mobility Electric Scooter M1-SThe investment is expected to be completed within 30 days of the date of the agreement. Paid up share capital of TVS Motor (Singapore) Pte. Ltd. is S$400,000 comprising 5,150,000 Ordinary Shares, and US$6,779,468.77 comprising 2,877,328 preference shares. ION Mobility’s consolidated turnover for the fiscal years 2019-2020, 2020-2021, and 2021-2022 are NIL, USD 3,017, and NIL respectively. It was incorporated in 2019.ION Mobility as a full-stack EV company – Ion Mobius M1-S scooterHome to 200+ million gasoline-powered motorcycles, Southeast Asia sees over 80 percent of households in Indonesia, Malaysia, Thailand, and Vietnam own one. This negatively impacts urban air quality and the environment. On the face of it, electric bikes seem a more attractive option.ION Mobility set out to provide an alternative and made strides with ION Mobius. Aiming to steer the transition from gasoline to electric in the region, ION Mobility is keen on team expansion and increasing ops. TVS Motor’s strategic investment will help focus on production readiness of the flagship, Ion Mobius M1-S, and encourage design and development of other models. This investment brings together TVS Motor’s expertise in mass production and Ion Mobility’s innovative EV technology.ION Mobility Electric Scooter M1-SPremium electric two-wheeler growth in the regionSudarshan Venu, Managing Director, TVS Motor Company said, “TVS Motor is committed to developing exciting products for consumers across global markets. We are thrilled to partner with ION Mobility, a full-stack EV company with a strong team of engineers and technical base in Singapore, to drive the premium electric two-wheeler growth in the region. We share a common vision and are eager to support them as a strategic investor.”ION Mobility Founder and CEO, Mr. James Chan said, “I am delighted with the vote of confidence that my team and I have received from TVS Motor via the funding round and partnership. We are excited to draw upon TVS Motor’s decades of global expertise in two-wheelers to accelerate our ‘Mobius’ M1-S production readiness, as well as the design and development of other models. We look forward to leading the charge towards an electric & sustainable two-wheeler future together.” More

Even though TVS sold over 2.75 lakh units, motorcycle sales and total exports took a hit in both YoY and MoM salesImage – MRD VlogsTVS Motor is one of the largest 2W maker around the world. For TVS, India is the biggest market and sales charts show positive growth here. It is in the exports where TVS reported decline. Motorcycles accounted for a total of 1,21,042 units sold last month. The highest selling motorcycles for TVS are Raider and Apache.This wasn’t enough to beat 1,37,630 units sold a year ago and 1,24,705 units sold a month before. Hence TVS’ motorcycles registered a YoY decline of 12.05% and a MoM decline of 2.94%. The volume lost YoY stood at 16,588 and volume lost MoM stood at 3,663 units. Still, Motorcycles are TVS’ primary asset and despite losses, constitute 45.73% market share.TVS Sales Jan 2023Scooters scored good growth in comparison with Jupiter in lead. The YoY target of 80,580 and MoM target of 76,766 units was easily beaten as TVS scooters sold 1,06,537 units in January 2023. Scooters registered 32.21% YoY growth and 38.78% MoM growth and commanded a market share of 40.25% in India. 25,957 units were gained in volume YoY and 29,771 units MoM.iQube has been a great success story for TVS, selling 12,169 units in Jan 2023. There is a massive 695% growth YoY and a decent 9.92% MoM growth. EVs have come a long way as iQube contributed 1,529 units in Jan 2022. TVS is currently the only moped maker in India and sold 37,131 units. Sales grew by 3.35% YoY and by 41.75% MoM.TVS Motor Sales Jan 2023 vs Jan 2022All these accounts for the increment of total 2W sales in the domestic market at 2,16,471 units with 29.01% YoY growth and 34.15% MoM growth. Domestic sales for 2W account for 81.78%, while 2W exports account for 18.22%. Speaking of, TVS exported 48,239 units last month. There was a YoY decline of 44.13% and a MoM decline of 27.24%.This affected the total 2W figure (domestic + exports) which stood at 2,64,710 units in January 2023. TVS saw positive growth of 4.16% YoY and 16.27% MoM. Total 2W volume gained was 10,751 units YoY and 37,044 units MoM.TVS 3W SalesAlong with a 2W portfolio, TVS has an impressive 3W portfolio too. In the domestic market, TVS sold 1,620 3W vehicles. There was a gain of 42.73% YoY and 30.54% MoM and accounted for 15.57% of TVS’ total 3W sales. That said, TVS’ main markets for 3W are situated outside India as exports account for 84.43% of total 3W sales.TVS Motor Sales Jan 2023 vs Dec 2022TVS shipped 8,785 3W vehicles and saw a 23.70% YoY decline and a 32.96% MoM decline. Due to this, total 3W sales (domestic + exports) took a hit and fell into the red completely. With 2,18,091 units, total domestic sales (2W + 3W) accounted for 79.27% market share and registered 29.10% YoY growth and 34.12% MoM growth.Total exports were just 57,024 units and there was nothing to write home about. Despite a drop in exports, TVS’ total sales when domestic and exports are combined, stood at a grand 2,75,115 units. Gains registered were decent at 3.12% YoY and 13.68% MoM. Volume gained YoY was 8,327 units and volume gained MoM was 33,103 units. More

TVS iQube electric scooter sales increased significantly to over 11k units in Dec 2022TVS Raider beats Apache in sales – Dec 2022TVS Motor Company has reported a 9.95 percent YoY growth in domestic sales in December 2022 while exports fell 24.22 percent. Sales (domestic + exports) in the past month stood at 2,26,390 units down from 2,32,568 units sold in Dec 2021. There was a growth of 9.95 percent in terms of domestic sales to 1,61,369 units in Dec 2022 from 1,46,763 units sold in Dec 2021. Exports on the other hand fell 24.22 percent from 85,804 units shipped in Dec 2021 to 65,021 units in the past month. It was also a MoM de-growth as total sales (domestic + exports) had stood at 2,61,726 units in Nov 2022.TVS Jupiter was most in demand in domestic markets. Sales increased 4.48 percent YoY to 39,849 units in Dec 2022, up from 38,142 units sold in Dec 2021. It commanded a share of 24.69 percent in the company lineup while it was the 6th best-selling two wheeler in the country in the past month with a market share of 4.50 percent.TVS Domestic Sales Dec 2022At No. 2 was TVS Raider with a YoY growth of 140.37 percent to 26,063 units from 10,843 units sold in Dec 2021. This was a 15,220 unit volume growth with a 16.15 percent share. TVS Motor Co noted a dip in demand for the XL, Apache and Ntorq in Dec 2022. XL sales fell 5.75 percent YoY to 25,961 units while Apache suffered a 5.75 percent YoY de-growth to 22,181 units. Ntorq sales also dipped 3.96 percent to 16,191 units in the past month from 16,859 units sold in Dec 2021.Tremendous growth was seen in the case of TVS iQube electric scooter sales. While the company had sold 1,212 units in Dec 2021, sales jumped 813.45 percent YoY to 11,071 units in Dec 2022. TVS iQube is offered in three variants of Standard and S. Sales have recently crossed the 50,000 unit milestone since the updated version was introduced in May 2022.TVS Sales Breakup Dec 2022TVS Sport sales also increased in domestic markets by 2.12 percent to 7,386 units from 7,233 units sold in Dec 2021 while Radeon sales increased 9.65 percent YoY to 5,635 units. Sales of the Pep+ dipped 33.40 percent to 2,461 units in Dec 2022 even as the company had sold 3,695 units in the same month last year. Zest sales increased by 4.76 percent to 2,441 units while the company reported de-growth of 52.61 percent and 36.87 percent respectively for the Star City (1,916 units) and RR310 (214 units) in Dec 2022.TVS Exports Dec 2022TVS suffered de-growth of 24.22 percent in terms of exports in Dec 2022. Down to 65,021 units from 85,804 units shipped in Dec 2021, every model on the company portfolio has seen lower exports except for the Jupiter and Victor. TVS Star City and Star City 125 topped the list with 23,853 units and 22,640 units shipped in the past month respectively. However, this was a de-growth of 26.09 percent and 15.58 percent over exports in Dec 2021.There were also lower exports for the TVS Sport, down 9.69 percent to 5,451 units when compared to 6,036 units shipped in Dec 2021. Apache exports also fell by 52.08 percent to 4,434 units. TVS Motor Co has noted a good increase in demand for the Jupiter in global markets. Exports increased 2324.77 percent to 2,643 units in Dec 2022, up from just 109 units shipped in Dec 2021. This was a volume growth of 2,534 units.TVS Exports Breakup Dec 2022Exports of Raider (2,498 units) and Ntorq (2,098 units) fell by 44.40 percent and 58.37 percent respectively in Dec 2022. There was increased demand for the Victor with 1,120 units shipped in the past month, up 40 percent over 800 units exported in Dec 2021. Thereafter, TVS XL (234 units), RR310 (38 units) and Wego (12 units) each suffered a YoY de-growth in terms of exports. More

Since the launch of updated iQube in May 2022, TVS has been registering huge sales for their electric scooterTVS iQube Electric ScooterTVS iQube has seen significant growth in electric two-wheeler sales in India. Government’s push for electric mobility and rising consumer awareness has contributed to growth. To spurt market growth, TVS is innovating in the field of top-of-the-line on-road range for e2Ws. Forecasts for the Indian electric two-wheeler market are positive, with experts predicting continued growth in the coming years.TVS iQube is well-positioned to capitalize on this trend. The milestone of over 59,000 new customers in 2022, is a testament to the company’s commitment to providing customers with what they need. As the market for electric scooters in India continues to grow, TVS iQube is poised to play a significant role in shaping the manufacturer’s future in the electric 2W business. Currently, the iQube range is available in 106 Indian cities.TVS iQube Electric Scooter Sales 2022TVS iQube electric scooters celebrated a major milestone with over 59,000 new customers in 2022. Of these, over 52,000 owners are of the updated TVS iQube, which was launched in May 2022. For TVS iQube, the year started well and ended on a peak.In January, sales stood at 1,529 units, an increase of 624.64 percent from the previous year. February 2022 saw even greater success with 2,238 units sold, a staggering increase of 1002.46 percent from the 203 units sold in February 2021. March 2022 saw 1,799 units sold, a 406.76 percent increase from 355 units sold in March 2021. This resulted in a total of 5,566 units sold in Q1 2022, an increase of 623.80 percent from the 769 units sold in Q1 2021.  TVS iQube Electric Scooter Yearly Sales – 2022 vs 2021Additionally, in April 2022, TVS iQube recorded 1,420 units sold, a 362.54 percent increase from 307 units sold in April 2021. Furthermore, in May 2022, 2,637 units were sold, with no sales recorded in May 2021. June 2022 recorded 4,668 units sold, a 630.52 percent increase from 639 units sold in June 2021. This resulted in a total of 8,725 units sold in Q2 2022, an increase of 822.30 percent from the 946 units sold in Q2 2021. Overall, the first half of the year, H1 2022, ended at 14,291 units sold, an increase of 733.29 percent from the 1,715 units sold in H1 2021.Riding into the future: TVS iQube hits 50,000 sales since May 2022July 2022 recorded 6,304 units sold at 1067.41 percent increase from the 540 units sold in July 2021. August 2022 saw 4,418 units sold at 580.74 percent increase from the 649 units sold in August 2021. September 2022 recorded 4,923 units sold, up from the 766 units YoY. Total Q3 sales stood at 15,645 units at 700.26 percent increase, up from 1,955 units sold in Q3 2021. In October 2022, 8,103 units were sold, up from 395 units sold in October 2021. November 2022 recorded 10,056 units sold, up from 699 units YoY. December 2022 saw 11,071 units sold, an 813.45 percent increase from the 1,212 units sold in December 2021. Q4 2022 ended on a high of 29,230 units, a visible improvement from 2,306 units sold in Q4 2021.The second half of the year, H2 2022, saw 44,875 units sold, up from 4,261 units sold in H2 2021.Overall, TVS iQube recorded a total of 59,166 units sold in 2022. At 890.06 percent increase, sales were up from 5,976 units sold in 2021. TVS iQube’s sales growth has been particularly impressive in H2, with a 953.16% increase in sales compared to H2 2021. This meteoric growth in sales in the latter half of the year could potentially indicate a positive market prediction for the brand. The highest monthly sales was recorded in December 2022. It is worth noting that TVS iQube has seen consistent growth in sales across all quarters, Q1, Q2, Q3 and Q4. And significantly so.TVS iQube Electric Scooter Owners Meet To Celebrate Highest Sales RecordCommitment to on-road rangeAvailable in three variations, iQube series boasts best-in-class features and extended range. iQube and iQube S models feature a 3.4 kWh battery designed by TVS Motor, providing a practical 100 km range per charge. Top-of-the-line iQube ST variant sets itself apart with its powerful 5.1 kWh battery pack, designed by TVS Motor. This allows for an impressive 140 km on-road range per charge. This state-of-the-art battery technology allows for longer rides with minimal interruptions for charging.In addition to extended range, the iQube series also boasts a variety of advanced features. They enhance overall riding experience. The 7-inch TFT display provides essential information such as battery level, speed, and odometer readings. HMI controls allow for easy navigation of the scooter’s various functions. This adds to rider convenience. Reverse parking too is an added convenience feature that makes manoeuvring in tight spaces effortless.  More

TVS Metro Plus 110cc is sold in India as Star City Plus – with identical looks and even graphicsTVS Metro Plus 110India’s TVS Motor, is one of the most prominent 2W and 3W manufacturers in the world. With an extensive product portfolio, TVS operates in many countries worldwide. One of those countries is Bangladesh.In Bangladesh, TVS has launched a new motorcycle today, called Metro Plus 110 with upgraded features and new additions. This is not an entirely new motorcycle and is also sold in India as well. If you scoured TVS’ entire lineup and didn’t find a Metro Plus, you will find it under the Star City Plus name. Yes, both motorcycles are almost similar. Let’s take a look.2023 TVS Metro Plus 110 LaunchedThe upgrades that Metro Plus 110 brings to the table are termed customer needs within this segment. Renewed styling and safety aspects of Metro Plus are expected to cater to a new generation of riders and satisfy growing customer demand in Bangladesh.This is said to be just a refresh of what used to already be on offer. Main highlights are LED Headlamps, USB charging port, New Dual-Tone colours, and Synchronized Braking Technology.TVS Metro Plus 110 SpecsApart from LED Headlamps, USB charging port, New Dual-Tone colours, and Synchronized Braking, there are not a lot of additions. Aluminium grab rail, chrome muffler guard and a sporty instrument cluster are some of the additions.New TVS Metro Plus 110 Specs, PricesMetro Plus 110 comes with a 110 cc single-cylinder mill that is coupled to a 4-speed gearbox. The company has sold 1.2 lakhs units of TVS Metro Plus 110 in Bangladesh since its first launch. Along with all these, an electric start feature that works in all gears and two new dual-tone colour schemes. The Blue Silver dual-tone shade with front disc brake is offered in India as well.TVS promises a best-in-class mileage of 86 kmpl. A standard two-year warranty and six free services are offered with TVS Metro Plus 110 like every other product from the company in Bangladesh. In India, Star City Plus prices start from Rs. 73,500 (ex-sh). 2023 TVS Metro Plus 110cc prices in Bangladesh start from BDT 1.25 lakh (INR 1 lakh) for the drum brake variant and BDT 1.3 lakh (INR 1.05 lakh) for the disc brake variant.TVS Motor Bangladesh said, “We are excited to launch the New TVS Metro Plus in Bangladesh which is one of our key international markets. The motorcycle will be sold across our 335 sales outlets and will be serviced at 328 service touchpoints making it the widest service network across Bangladesh.” More

TVS Motor reports domestic 2W sales growth for December 2022; More than 24 lakh two wheelers sold in the domestic market through 2022TVS Apache2W domestic sales for December 2022 were in the green for TVS Motor. However, exports fell, and this brings total sales into red territory. As expected, motorcycle sales accounted for the majority of domestic sales. Last month that number was computed at 55 percent.Motorcycle sales fell to 1,24,705 units, down from 1,33,700 units. Volume loss stood at 9k units at 6.73 percent decline. Apache, Raider were among the top selling motorcycles. Scooter sales improved, up to 76,766 units from 67,533 units. Volume gain was reported at 9,233 units at 13.67 percent growth. Jupiter, Ntorq were best selling scooters.TVS Sales Dec 2022 – iQube 11kTVS iQube Electric scooter sales growth was significant at 11,071 units. Volume gain stood at 9,859 units, up from 1,212 units sold YoY. TVS XL 100 moped sales remained in the red, down at 26,195 units from 34,159 units. Volume loss stood at 7,964 units.Total domestic sales were up at 1,61,369 units from 1,46,763 units. At 9.95 percent sales growth, volume gain stood at 14,606 units. 2W exports fell to 66,297 units from 88,629 units. Volume loss stood at 22,332 units at 25.2 percent decline. Total 2W sales fell to 2,27,666 units from 2,35,392 units. Volume loss was reported at 7,726 units at a 3.28 percent decline.TVS Sales Dec 2022 vs Dec 2021 (YoY)Domestic 3W sales improved at 1,241 units, up from 750 units. 3W exports were down to 13,105 units from 14,791 units. At 11.4 percent decline, volume loss was reported at 1,686 units. Total 3 W sales fell to 14,346 units from 15,541 units.Total domestic sales were up at 1,62,610 units from 1,47,513 units at 10.23 percent growth. Total exports fell to 79,402 units from 1,03420. Volume loss was reported at 24,018 units. Total TVS sales were down at 2,42,012 units from 2,50,933 units. Volume loss stood at 8,921 units.In December 2022 TVS reported MoM sales declineMoM decline was steeper in most segments. Domestic motorcycle sales decline stood at 14 percent, down from 1.45 lakhs. Volume loss is reported at 20,301 units. Scooter sales fell from 83,679 units. E-scooter sales improved from 10,056 units. On the e-scooter front, sales have improved significantly in the last quarter as compared to earlier in the year. Moped sales fell from about 35k units. In all, 2W domestic sales fell from 1,91,730 units at volume loss to just over 30k units. MoM 2W exports fell from 71,912 units at a 7.81 percent decline. Total MoM 2W sales fell from 2,63,642 units at volume loss of about 36k units.TVS Sales Dec 2022 vs Nov 2022 (MoM)MoM 3W domestic sales were flat. 3W exports improved, up from 12,222 units. Total MoM 3W sales were up from 13,481 units. Volume gain stood at 865 units. MoM total domestic sales fell from 1,92,989 units. Total MoM exports fell from 84,134 units. MoM total sales fell from 2,77,123 units at a 12.67 percent decline. Volume loss was reported at just over 35k units.TVS Motor 2W sales in 2022Through the year, TVS reported domestic 2W sales decline only from January to March 2022. This put Q1 sales in the red, down at 5,37,949 units from 6,02,516 units. Volume loss was reported at 64,567 units at a 10.72 percent decline. Q2 sales were up at 5,65,105 units from 3,28,478 units. Volume gain stood at 2,36,627 units. Despite decline in Q1, H2 was secure in the green at 11,03,054 units sold. At 18.48 percent growth, volume gain stood at 1,72,060 units, up from 9,30,994 units. Q3 numbers were reported at 7,25,145 units, up from 5,99,252 units. Volume gain stood at 1,25,893 units at 21 percent growth.TVS Motor Sales 2022 – Two WheelersQ4 2W domestic sales were reported at 6,29,051 units, up from 5,81,480 units. Volume gain was reported at 47,571 units. At the end of H2 2022, volume gain stood at 1,73,464, up at 13,54,196 units from 11,80,732 units. Total 2W domestic sales were up at 24,57,250 units from 21,11,726 units. Volume gain for the year stood at 3,45,524 units at 16.36 percent growth. And that’s an average of just over 2 lakh units each month. More