TVS Motor

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

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