TVS Motor

TVS is the first mainstream two wheeler manufacturer to implement Hydrogen powertrain on a scooter prototypeImage for representation purpose onlyTVS Motor sold 2,99,658 units in July 2022 constituting both domestic and export sales with a steady 14.06% growth YoY. TVS was in the spotlight recently because of the launch of their new motorcycle Ronin. They are back in the news, this time for a patent leak.TVS is developing a new prototype scooter that is powered by hydrogen. You might have heard of hydrogen fuel-cell-powered cars like Toyota Mirai. Or other hydrogen-powered concept vehicles like Suzuki Crosscage and Honda’s unnamed prototype. This is probably the first time a mainstream two wheeler brand is trying something like this.Yamaha, along with Toyota has designed a 100% hydrogen-powered V8 engine. But the concept of hydrogen fuel-cell on a modest scooter and aimed at masses, was unheard of. But TVS is implementing it on the iQube scooter with easy assembly and maintenance in mind. As good as EVs are, charging time is still a fly in the ointment. Hence, manufacturers have been slowly experimenting with substitutes. Honda is even working on flex-fuel technology too for budget vehicles.TVS iQube HydrogenIn the patent drawings of TVS iQube hydrogen, we can see the basic layout of the entire powertrain, except for the motor. We can see an electric battery at the floorboard which suggests that TVS might be considering hydrogen fuel cells as a range extender to an already existing EV platform.TVS iQube HydrogenSpeaking of hydrogen, we can see two canisters holding this compressed gas at the front, held in place by the front downtube. Fuel cells are housed under the seat, where a battery would be in a conventional EV. We can also see other components required to regulate gaseous fuel like pressure regulator, flow-meter and shut-off valve, all taking their respective place near swingarm.Hydrogen fuel cells are the party piece of this powertrain. It generates electricity when hydrogen is pumped into Anode and gets split by reacting with the catalyst to form electrons and protons. These electrons flow towards Cathode by completing the electrical circuit. Hence creating electric current to power the motor, and propel the vehicle. It doesn’t end there. At cathode, hydrogen and oxygen combine to form the by-product, water.Implications Of Hydrogen In IndiaHydrogen fuel cells promise zero carbon footprint like EVs. But negate the charging time and infrastructure that is currently plaguing EVs. Normal hydro-carbon fuel stations and existing fuel transportation systems can be readily used or slightly modified to accommodate hydrogen fuel supply and workflow. Looking at the upsides, most countries are considering hydrogen to be better than EVs.But it is not all sunshine, though. Right now, hydrogen is vastly created by splitting water molecules with very high energy inputs. We are wasting a lot of electricity to make hydrogen and then we are using it to generate significantly less electricity to run the vehicle. The secondary losses are a lot more which EVs are not associated with. And coming to the “green” part, electricity to split water molecules comes from coal mostly and hydrogen is distributed by transportation burning diesel fuel. Hydrogen has potential, but we have to find an economical and renewable way to produce it and supply it.Source More

TVS Motor reports YoY growth for two wheeler domestic sales and exports; MoM total 2W sales improveImage – MRD VlogsFor July 2022, TVS Motor found a spring in its step where domestic sales and exports are gauged. Total motorcycle sales last month rose to 1.5L units, up from 1,38,772 units. Volume gain stood at 11.5k units at 8.34 percent. Where business is concerned, motorcycles make up much of its sales volume. Apache, Raider, Sport, Star City, Radeon were top selling motorcycles from TVS.Scooter sales improved noticeably last month, up at 1,10,19 units from 73,811 units. Volume gain stood at 36,385 units at 49.29 percent growth. Jupiter and Ntorq continued to be best-selling scooters from TVS. TVS iQube electric scooter sales in July 2022 were at 6,304 units. This is the highest ever monthly sales reported by iQube.TVS Motor Sales July 2022 – Two WheelersWhile most categories are reported in the green, TVS XL 100 moped sales continue to lose their footing. Sales are down to 39,122 units from 50,145 units at volume loss of 11k units. Sales decline stands at 22 percent. In fact, TVS moped sales have been on a decline for months together.Of total two-wheeler sales, volumes in the domestic market far exceeded exports last month. 2W domestic sales crossed the 2 lakh units mark at 2,01,942 units. Sales growth stood at 15.28 units, up from 1,75,169 units at volume gain of 26,773 units.TVS Motor Sales July 2022 vs July 2021 (YoY)Two wheeler exports too are up at 97,716 units from 87,559 units. Volume gain was reported at just over 10k units at 11.6 percent growth. Total 2W sales fell just shy of 3L units. At 2,99,658 units, growth is reported at 14 percent, up from 2,62,728 units. Volume gain is reported at almost 37k units.Total TVS 3W sales for July 2022Three-wheeler ales on the other hand are a mix of low volume and decline. Domestic 3W volume is small at 665 units. This however is an improvement YoY, up from 553 units. Growth is reported at 20 percent at volume gain of 112 units. It’s no surprise though that ICE 3W sales face tough competition from e3W manufacturers. A segment where sales is improving, and even more positive is that fact that the market is peppered by a long list of manufacturers who are new to the trade.3W exports fell to 14,316 units, down from 15,574 units. Volume loss stood at 1,258 units at 8 percent decline. Total 3W sales is down at just below 15k units from 16,127 units. Volume loss stood at 1,146 units at 7.11 percent decline. Despite the slowfooting on the 3W front, total domestic sales and exports remained in the green.TVS Motor Sales July 2022 vs June 2022 (MoM)TVS MoM sales growth for July 2022Total domestic sales stood at 2,02,607 units, up from 1,75,722 units. At 15.3 percent growth, volume gain stood at 26,885 units. Exports were up at 1,12,032 units, up from 1,03,133 units. Volume gain stood at 8.9k units at 8.63 percent growth. Total sales is up at 3,14,639 units from 2,78,855 units. Volume gain stood at 35,784 units at 12.83 percent growth.MoM total sales too improved though at a smaller volume gain. MoM total sales is up from 3,08,501 units at 6,138 units at 2 percent growth. Moped sales fell from 42,429 units at 3.3k units volume loss to a 7.79 percent decline. 2W exports too fell from 1,00,625 units. Volume loss stood at 2.9k units at 2.9 percent decline. Domestic 2W sales were done by about 31 percent, down from 962 units at volume loss of about 300 units. More

TVS bullish on electric mobility; EVs expected to capture 30% of scooter market and around 35% of three-wheeler segment by 2025Image – Gentleman bikesWith huge unlocked potential in electric two-wheeler and three-wheeler segments, TVS has been making huge investments in this space. After last year’s investment of Rs 1,000 crore, TVS Motor has announced another 1,000 crore investment this year. Most of the funds will be utilized for capacity expansion and development of new EV products.TVS senses a big opportunity in EV space, as there’s no clear winner at this point of time. It’s a constant battle, as dozens of EV companies have forayed into EV space. TVS has potential to become one of the top EV companies, as it has technical capabilities, abundant resources and the advantages that come with a pan-India dealer network. TVS is currently in top 10, but trails behind Okinawa, Hero Electric, Ola Electric, Ampere and Ather.25k monthly production by 2022 – 50k by 2023TVS recently launched upgraded iQube that has received significant number of bookings. TVS Motor MD Sudarshan Venu has said that they will be launching another new EV later this year. In June 2022, iQube posted its highest ever monthly sales till date, recording 4,667 units. Last 12 month avg sales of iQube has increased to 1,546 units while that of Bajaj Chetak for the same period is 1,121 units.With fresh investments, TVS aims to increase iQube electric scooter production to 25k units per month by the end of this year. This will be more than twice the existing production capacity figures. By 2023, TVS will aim to increase production capacity by 100%, making it 50k units per month. This will entail production capacity of around 5-6 lakh units per year.Bajaj Chetak vs TVS iQube electric scooter sales – last 12 monthsA significant percentage of the investments made by TVS have been routed through its overseas subsidiaries. For example, around Rs 1,100 crore have been channelled through TVS Singapore. These funds have been invested in other subsidiaries such as Swiss e-Mobility Group (SEMG) that received around Rs 750 crore. TVS had acquired SEMG earlier this year with a 75% stake in the company.Another trench of funds of Rs 130 crore was allocated for EGO Corporation. This Swiss-based e-bike company was acquired by TVS last year in an all-cash deal. Remaining funds were transferred to Norton Motorcycle. Till date, TVS Motor’s total investments routed through TVS Singapore were at Rs 1,892 crore in FY22. In the year ago period, the numbers were at Rs 809 crore.In addition to investment in its subsidiaries, TVS also allocated funds worth Rs 730 crore for capital expenditure in FY22. As compared to last year’s figures, YoY growth is 31%. The total of investments and capital expenditure by TVS in FY22 works out at around Rs 2,100 crore. Due to these massive investments, TVS free cash flow had turned negative. This was despite improved operating performance, powered by higher sales and cost reduction. This shows that the company is bullish on EV space and has made aggressive plans to establish a strong presence.Focus on ICE segment tooWhile TVS has been making massive investments in EV space, it is not being done at the expense of its mainstream internal combustion engine (ICE) portfolio. TVS is working to revamp its ICE portfolio with entry into new segments. TVS is currently popular for its affordable commuter bikes and performance-oriented Apache range. The company is planning to introduce new premium lifestyle products, like new Ronin. The company is hopeful that market sentiments will remain favourable, which will help achieve desired growth in both ICE and electric mobility segments.Source More

TVS Motor Company reported YoY and MoM increase both in terms of domestic sales and exportsNew TVS ApacheTVS Motor Company has announced two wheeler sales (domestic + exports) of 2,91,882 units in June 2022. This was a YoY and MoM increase over sales in June 2021 and May 2022. Noting increased demand in the electric two wheeler space, TVS Motor is also in the process of expanding its lineup in this segment along with BMW Motorrad as these two auto makers plan joint development of an electric platform catering to the demands of future electric two wheelers and concepts.In June 2022, TVS Motor sold a total of 1,93,090 units, up 32.79 percent over 1,45,413 units sold in June 2021. This was a 47,677 unit volume growth. MoM sales also improved albeit marginally by 0.84 percent over 1,91,482 units sold in May 2022.TVS Domestic Sales June 2022Topping domestic sales charts was the TVS Jupiter with 62,851 units sold, up 97.35 percent over 31,848 units sold in June 2021. MoM sales were up 5.43 percent compared to 59,613 units sold in May 2022. Jupiter commands a 32.55 percent share. The company also saw increased sales for the XL moped with 37,474 units sold in the past month, up 4.39 percent from 35,897 units sold in June 2021 with a 19.41 percent share. May 2022 sales had been at 35,148 units relating to a 6.62 percent MoM growth.Next up was the TVS Ntorq. Sales improved 46.03 percent YoY to 22,741 units but dipped 12.55 percent MoM when compared to 26,005 units sold in May 2022. The company has been noting diminishing sales for the Apache which fell 44.64 percent YoY to 16,737 units in June 2022 from 30,233 units sold in June 2021. MoM sales also fell 38.11 percent from 27,044 units sold in May 2022.TVS Sales Breakup June 2022Sales of the new Raider were at 11,718 units in June 2022. This was a 3306 percent MoM growth from 344 units sold in May 2022. TVS Radeon sales also improved YoY by 21.86 percent to 9,910 units in June 2022 from 8,132 units sold in June 2021. MoM sales were up 2.51 percent from 9,667 units sold in May 2022. TVS Radeon, which competes with the Splendor XTEC recently received an update. The 2022 TVS Radeon comes in with several segment-first features with price starting at Rs 59,925. TVS Motor sales list also included Sport (9,223 units), Pep+ (6,557 units), Star City (6,150 units), Zest (4,798 units), iQube (4,667 units) and RR310 (264 units) sold in June 2022.NoTVS SalesJun-22Jun-21Growth % YoY1Jupiter62,85131,84897.352XL37,47435,8974.393Ntorq22,74115,54446.304Apache16,73730,233-44.645Raider11,7180–6Radeon9,9108,13221.867Sport9,22310,755-14.248Pep+6,5573,36894.699Star City6,1506,408-4.0310Zest4,7982,274110.9911iQube4,667639630.3612RR310264315-16.19–Total1,93,0901,45,41332.79TVS Exports June 2022TVS Motor Company has seen a 7.50 percent YoY and 5.46 percent MoM growth in June 2022. Sales which had stood at 91,895 units in June 2021 increased to 98,791 units in the past month. Sales in May 2022 had been at 93,675 units. In global markets, it was the TVS Star City 125 that received the most attention. Sales stood at 37,331 units in June 2022, up 54.62 percent over 35,344 units sold in June 2021. May 2022 sales were at 40,070 units leading to an 8.30 percent MoM de-growth.Star City sales dipped 24.95 percent YoY and 0.44 percent MoM to 23,397 units in June 2022 while Apache exports fell 23.16 percent to 13,843 units in June 2022 from 18,015 units sold in June 2021. MoM exports improved by 19.13 percent from 11,620 units sold in May 2022.TVS Exports Breakup June 2022At No. 4 on the export list was TVS Sport of which the company sold 7,597 units in June 2022, up 112.27 percent from 3,579 units sold in June 2021. MoM sales also increased 12.17 percent from 6,773 units sold in May 2022.Of the new Raider, the company exported 7,117 units in June, a dip of 4.50 percent when compared to 7,452 units shipped in May 2022. The list of exports also included 4,560 units of Ntorq, 3,550 units of Wego, 640 units of Victor, 288 units of XL and 280 units of Radeon along with 154 units of Jupiter and 34 units of RR310 shipped in the past month. More

TVS Ronin has multiple personalities and a cruiser is one of them tooNew TVS RoninEver since TVS Ronin was launched, we have been scratching our heads a little as to where the product lands. We compared it to Bajaj counterparts like Pulsar 250 and Dominar 250. But Bajaj’s products aren’t trying to be the Jack of all trades. They’re razor-sharp in their product placement.Pulsar N250 is a street motorcycle and Pulsar F250 is a semi-faired motorcycle with relatively sharp handling and offers some wind protection. If we look at Bajaj Dominar 250, it has long-leggedness with a 6th gear and is pitted as a power cruiser. But Ronin aims to be a scrambler, a cruiser and a street bike in one. To compare its versatility, we pit it against a proper low-slung cruiser from Bajaj, the Avenger 220 Cruise.Bajaj Avenger 220 Vs New TVS Ronin 225Both engines displace around 220cc but that’s where similarities end. Ronin is a newer machine and it shows in the spec sheets. Ronin makes 20.4 PS at 7750 RPM whereas Avenger makes 19 PS at 8500 RPM. TVS has tuned Ronin’s engine to make more torque at less RPM. It makes 19.93 Nm at 3750 RPM while Avenger makes 17.55 Nm at 7000 RPM.Even though both motorcycles get 5-speed gearbox, Ronin gets a slip and assist clutch which aids rider comfort and ensures smooth shifts. In terms of features, Ronin gets adjustable clutch and brake levers, USD forks at front from Showa, mono-shock suspension at the rear, switchable ride modes, disc brakes at both ends and dual-channel ABS option.Bajaj Avenger 220 vs TVS Ronin 225 vs Bajaj Dominar 250Other features include 17” alloy wheels, tubeless all-terrain tyres with block pattern, LED lighting throughout, SmartXonnect system with Bluetooth connectivity, turn-by-turn navigation, notification alerts and voice assistant too. TVS Ronin absolutely stomps Bajaj Avenger in terms of features.Bajaj Avenger AdvantagesBajaj Avenger series is often called ‘sasta Royal Enfield’. But Avenger is more of a low-slung cruiser than Royal Enfields. Same attributes hold true when pitted against Ronin too. Avenger gets a 737mm low-slung seating position, it has long handlebars that easily fall into hands, it has immensely supportive and cushioned seats, front set foot pegs, a 1490mm long wheelbase ensuring straight-line stability, 15” wheels at back and more.It would help Avenger if it gets tubeless tyres, modern feel-good features, modern hardware and components and smartphone connectivity via Bluetooth. As of now, the closest thing Avenger gets in terms of Bluetooth is the blue illuminated Bajaj logo that lights up for no reason apparently and mimics a Bluetooth logo.In terms of pricing, Bajaj Avenger 220 Cruise is cheaper than Ronin. It is priced at Rs. 1,38,368 (ex-sh). Whereas TVS Ronin prices start from Rs. 1,49,000 (ex-sh) for SS variant and go all the way to Rs. 1,70,750 for (ex-sh) TD variant. If you want a modern cruiser with modern features and feel-good factors, TVS Ronin is the one for you. If you value the comfort of a cruiser, Avenger is still the king. It will make you feel like you’re sitting in your house in your favourite recliner. More