TVS Motor

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

TVS Jupiter was most in demand in domestic market while Star City 125 commanded the highest attention globallyImage – Abhishek Tiwari VlogTVS Motor Company was the third best-selling two wheeler OEM in India in November 2022 after Hero MotoCorp and Honda. Sales in the domestic market improved by 8.97 percent YoY while exports fell by 13.05 percent.TVS domestic sales stood at 1,91,730 units in Nov 2022, up 8.97 percent compared to 1,75,940 units sold in Nov 2021. This was a growth of 15,790 units. In global markets, exports dipped 13.05 percent YoY to 69,996 units down from 80,504 units shipped in Nov 2021. This took total sales (domestic + exports) to 2,61,726 units in Nov 2022 from 2,56,444 units sold in Nov 2021.TVS Motor Domestic Sales Nov 2022Jupiter was the highest selling TVS two wheeler with 47,422 units sold in the past month, up 7.44 percent from 44,139 units sold in Nov 2021. It currently commands a 24.73 percent share. The Jupiter was at No. 3 on the list of top 10 best-selling scooters in Nov 2022 after Honda Activa and Suzuki Access.At No. 2 was TVS XL moped with a 19.02 percent YoY decline in sales to 34,465 units in Nov 2022 down 8,093 units from 42,558 units sold in Nov 2021. It was followed by the Apache, again with a YoY de-growth of 5.19 percent to 27,122 units in the past month, from 28,608 units sold in Nov 2021. Apache was at No.7 on the list of top 10 best-selling motorcycles in Nov 2022.TVS Sales Nov 2022TVS Motor noted outstanding sales growth for the Raider. Sales increased 168.89 percent on a YoY basis to 26,997 units in Nov 2022, up from 10,040 units sold in Nov 2021. It was in Oct 2022 that the company introduced a new variant for the Raider 125cc with Bluetooth-based connectivity and a 5 inch TFT display.Speaking about other TVS products – Ntorq sales dipped 11.24 percent YoY to 17,003 units while sales of the Sport (11,418 units) and iQube (10,056 units) increased 24.28 percent and 1338.63 percent respectively YoY. Lower down the list, Radeon (8,452 units), Zest (3,157 units), Pep+ (2,684 units) along with Star City (2,645 units) and RR310 (309 units) each posted a YoY de-growth.TVS Exports Nov 2022TVS Motor has noted a de-growth across most of its models in terms of exports. Star City 125, which saw the highest exports but dipped 4.42 percent YoY to 28,259 units in Nov 2022 down from 29,567 units sold in Nov 2021. Star City suffered lower exports by 14.87 percent to 23,255 units while Apache exports dipped 33.73 percent to 7,306 units in the past month.TVS Exports Nov 2022TVS Sport (4,194 units) and Ntorq (2,674 units) also saw less demand on global markets down 24.23 percent and 24.21 percent respectively on a YoY basis. TVS Raider exports increased 17.59 percent to 2,092 units in the past month from 1,779 units exported in Nov 2021 while Victor exports remained at 960 units in both the corresponding months.TVS XL and Jupiter also saw increased export figures to 492 units and 431 units respectively relating to a YoY growth of 164.52 percent and 291.82 percent. Wego sales dipped to 252 units while there were 80 units of Radeon exported both in Nov 2022 and Nov 2021. TVS RR310 exports were down to just 1 unit in Nov 2022 from 47 units exported in Nov 2021. More

Except for mopeds and exports, TVS Sales November 2022 stood green all the way with EVs registering massive gainsImage – The Sameer VlogsNovember 2022 marks a successful month for TVS Motor. The company sold 1,45,006 motorcycles last month in the domestic market. As opposed to 1,40,097 motorcycles sold a year ago, TVS gained 3.50% YoY in sales and 4,909 motorcycles YoY in volume.More than half of TVS’ 2W sales are via motorcycles. Apache series and recently updated Raider are good examples. With 83,679 scooters sold, TVS gained 11.54% YoY as opposed to 75,022 scooters sold a year ago. With Jupiter leading the way, volume growth stood at 8,657 units YoY and scooters constituted 31.74% of TVS’ domestic 2W sales.TVS iQube electric scooter has gained massive popularity with MY2022 update. With just 699 EVs sold in November 2021, TVS gained a massive 1338% YoY growth by selling 10,056 EVs last month. Volume growth stood at 9,357 units YoY.TVS Sales November 2022With XL 100, TVS is the only ICE moped maker in India. Popularity for mopeds seem to have declined, as TVS registered 18.22% YoY decline as it sold 34,957 mopeds in Nov 2022 as opposed to 42,744 mopeds in Nov 2021. Combined, TVS’ total domestic sales stood at 1,91,730 units and had a growth rate of 8.97% YoY with 15,790 units gained in volume.TVS Sales November 2022TVS Motor exports saw a decline of 12.22% YoY with just 71,912 units shipped last month as opposed to 81,923 units shipped last year. Exports constitute 27.28% of TVS’ total 2W sales, while domestic sales constitute 72.72%. Total 2W sales (domestic + export) was 2,63,642 units with a growth rate of 2.24% YoY.TVS makes 3W rickshaws and cargo vehicles – domestic sales was only 1,259 vehicles while exports was 12,222 vehicles. That said, 3W exports registered a 13.18% YoY decline in sales, while 3W domestic numbers grew by 67.20% YoY. 3W exports constitute 90.66% of total 3W sales. Speaking of, total 3W sales stood at 13,481 vehicles and saw a decline of 13.18% YoY as opposed to 14,830 3W vehicles sold in November 2021. Volume loss was pegged at 1,349 vehicles YoY.TVS Motor Total SalesTVS’ total (2W + 3W) domestic sales registered a healthy 9.22% YoY by selling 1,92,989 units in November 2022 over 1,76,693 units sold a year ago. Volume growth YoY was 16,296 units and constituted 69.64% of TVS’ total sales.Total exports last month was 84,134 units, which fell short to 96,000 units shipped a year ago. Due to this rate of decline stood at 12.36% YoY and TVS lost 11,866 units in volume. Grand total (domestic + exports) for 2W + 3W for November 2022 stood at 2,77,123 units and registered 1.62% YoY growth as opposed to 2,72,693 units sold in November 2021. More