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      TVS Sales, Exports Breakup July 2021 – XL100, Apache, Jupiter, NTorq

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      TVS Apache Sales July 2021TVS Motors has reported YoY de-growth in domestic sales while exports rose significantly
      TVS Motor Company has registered a de-growth of 7.63 percent with scooter and motorcycle sales at 1,75,169 units in July 2021 as against sales of 1,89,647 units in the month of July 2020. Topping the list was the TVS XL the only moped from a reputed two-wheeler brand on sale in India.
      Sales in the past month stood at 49,276 units, down 15.62 percent over 58,403 units sold in July 2020. The TVS XL currently commands a 28.13 percent share. On a MoM basis XL sales increased 37.28 percent from 35,897 units sold in June 2021.
      TVS XL 100 is renowned as being a superior load carrier and is hence popular in semi urban and rural areas. It is also popular for the fact that it commands a lower cost of maintenance.
      At No. 2 in domestic markets was the Jupiter, which also saw sales de-growth in the past month, down 22.1 percent to 38,209 units. Sales in the same month of last year had stood at 48,995 units while MoM sales increased 19.97 percent as 31,848 units were sold in June 2021. Another model in the company lineup to see falling sales was the Apache with sales dipping 19.12 percent YoY to 27,228 units and MoM by 9.94 percent.
      TVS Sales July 2021
      TVS NTorq Milestone
      TVS NTorq was much in demand in the past month at 23,983 units sold, up 46.20 percent over 16,404 units sold in July 2020. In July 2021, NTorq sales crossed the 8 lakh unit milestone. The NTorq was launched in February 2018 and till the end of July 2021 has seen sales of 8,13,178 units. TVS NTorq is the country’s 4th best-selling scooter for FY2021 and competes favorably with Honda Activa, Suzuki Access and also with TVS Jupiter from its own company stables.
      Sales of TVS Sport remained on par on a YoY and MoM basis at the 10,877 unit mark. Radeon sales surged 116.61 percent to 9,466 units, up from 4,370 units sold in July 2020 while sales in June 2021 had stood at 8,132 units with a 16.40 percent growth.
      Star City, Zest, iQube and RR310 also noted YoY sales growth while sales of the TVS Pep+ dipped 56.14 percent. MoM sales of these models in the TVS lineup also saw sales growth except for the iQube which dipped 15.49 percent MoM.
      TVS Exports July 2021
      TVS Export Growth July 2021
      TVS exports for July 2021 stood at 85,765 units, up 62.38 percent over 52,819 units exported in July 2020. In the company lineup, it was the Star City 125 that commanded the most attention in global markets with 40,429 units exported, 110.70 percent over 19,188 units shipped in the same month last year. MoM sales also grew 14.39 percent over 35,344 units sold in June 2021.
      Star City on the other hand saw sales increase in terms of YoY basis by 38.58 percent but suffered a de-growth of 10.75 percent over 31,177 units sold in June 2021. TVS Apache was another model to report YoY growth which stood at 73.12 percent at 11,649 units sold in July 2021 but MoM de-growth of 35.34 percent over 18,015 units sold in June 2021.
      TVS Victor was also much in demand in global markets with growth reported in July 2021 while Sport exports dipped considerably both in terms of YoY and MoM. Ntorq exports dipped 54.72 percent to 326 units while Jupiter saw a 33.72 percent increase in demand in global markets with 230 units exported. MoM exports also surged 166.11 percent over 83 units shipped in June 2021. More

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      Bajaj Chetak Sales At A New High – Beats TVS iQube Electric Scooter In July 2021

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      Image – swift lifestyleCombined sales of Chetak and iQube are higher in July, as compared to respective number in June
      Chetak and iQube are currently the only electric scooters offered by mainstream two-wheeler manufacturers. Throughout 2021, significant fluctuation can be seen in sales of these scooters.
      Global shortage of semiconductors and restrictions due to second wave of pandemic have adversely impacted sales. Now another trend is evident, wherein electric scooter sales are rising due to continuous increase in fuel prices.
      Chetak ahead in July, but trails cumulatively
      Bajaj Chetak sales in July are at 730 units. As compared to just 31 units sold in July last year, YoY growth has improved by a staggering 2254.84%. In comparison, TVS iQube sales in July are 540 units. YoY growth is 2247.83%, as compared to 23 units sold in July last year.
      MoM growth for Chetak in July is 61.50%, as compared to 452 units sold in June. iQube MoM numbers are negative at -15.49%, as compared to 639 units sold in June. Even though Chetak is ahead in July, iQube maintains the lead in cumulative sales numbers. In the seven months from Jan to July 2021, Chetak sold a total of 1,261 units. During the same period, iQube total sales are at 1,715 units.
      Bajaj Chetak vs TVS iQube Sales – July 2021
      Chetak, iQube expansion plans
      With rising fuel prices, electric two-wheeler sales are expected to pick up pace in the coming months. Subsidies available at central and state level are another key factor that will help boost sales. Moreover, as charging and battery swapping infrastructure becomes easily accessible, more people will feel motivated to make the switch to electric.
      In view of these factors, both Bajaj and Chetak are working aggressively to expand operations to new cities. At the time of its launch, Chetak was available only in Pune and Bengaluru. It is now available in Nagpur, Aurangabad, Mysore and Mangalore as well. More cities will be covered in the coming months. By end of this year, Bajaj has plans to make Chetak available in 22 new cities. By March 2022, Chetak will be available in 40 cities.
      TVS iQube is currently available in Pune, Delhi, Bengaluru, Chennai and Coimbatore. More cities will are planned to be covered soon. It includes cities like Ahmedabad, Hyderabad, Mumbai and Kolkata. iQube will also be made available in a number of Tier I cities.
      Bajaj Chetak vs TVS iQube Sales in 2021
      By end of this fiscal, a total of 20 cities are planned to be covered. iQube will soon be available at around 1,000 dealerships. Both Bajaj and TVS already have a vast countrywide dealer network. Introducing their electric products to newer locations should not pose a significant challenge. More

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      TVS Motorcycle, Scooters Price Hike Aug 2021 – Apache, Jupiter, Ntorq, XL100

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      Image – The Bengal RiderEscalating input costs and prevailing inflationary conditions have caused several automakers to resort to a second price hike this year
      Several car manufacturers in India have announced price hikes and now two wheeler makers also jump into the fray. TVS Motor Company has just announced a price hike for its Apache range and also for its other motorcycles and scooters in the company portfolio. Higher input costs and the present economic condition in the country are two factors responsible for this price hike.
      TVS Scooters Price List Aug 2021
      TVS Motors has increased prices of its scooter range by Rs 1,000 to a maximum Rs 2,336. TVS Pep Glossy and Matte scooters are now priced higher by Rs 1,000 to Rs 57,009 while Zest Glossy and Matte see no price hike.
      TVS Jupiter Sheet Metal is priced higher by Rs 1,236 to Rs 65,673 and Jupiter STD and ZX see higher pricing by Rs 736 and Rs 2,336 respectively to Rs 67,398 and Rs 71,973. Jupiter ZX iTouchstart and Classic pricing is higher by Rs 2,006 to Rs 75,743 and Rs 75,773 correspondingly.
      TVS has also increased prices of the NTorq 125 series by Rs 750 to Rs 1,950 depending on variant. In July 2021, TVS Motor introduced the NTorq 125 Race XP which comes in a tri-tone colour scheme and priced at Rs. 83,275 (Ex-showroom, Delhi).
      TVS Scooters Price Increase Aug 2021. Last hike was in April 2021.
      TVS Motorcycles Price List Aug 2021
      TVS Motor Company has also increased prices across its motorcycle range except for the TVS Radeon Drum variant which see a price cut of Rs 1,250 from an earlier pricing of Rs 61,242 to Rs 59,992. The Sport KS and ES variants see price hike of Rs 1,200 and 1,450 to Rs 57,330 and Rs 64,430 respectively.
      Prices of Star City Plus Drum and Disc variants are now higher by Rs 1,580 and Rs 1,510 to Rs 68,475 and Rs 70,975 respectively while Radeon SE and SE Disc sees prices higher by Rs 1,215 to Rs 66,782 and Rs 6,782 correspondingly.
      TVS RTR 160 Drum and Disc prices have been increased by Rs 3,000 and now carry price tags of Rs 1,06,365 and Rs 1,09,365. RTR 4V Drum and Disc variants have been hiked by Rs 4,250 to new pricing of Rs 1,11,565 and Rs 1,14,615.
      TVS Motorcycles Price List Aug 2021
      Higher pricing is also seen in the case of the TVS RTR 180 by Rs 3,500 to Rs 1,13,065 while RTR 200 4V Single and Dual ABS variants, the price hike is by Rs 3,750. The highest price hike is seen on the case of TVS RR310 that receives a Rs 5,000 higher pricing from Rs 2,49,990 to Rs 2,54,990.
      TVS Sales July 2021
      TVS Motor Company reported total sales of 2,78,855 units in July, and increase of 10 percent over 2,52,744 units sold in the same period last year. Two wheeler sales stood at 2,62,728 units in July 2021, as against 2,43,788 units in July 2020. Dividing it further, motorcycle sales stood at 1,38,772 units July 2021, as compared to 1,06,06 units sold in July 2020. However, scooter sales dipped to 74,351 units in the past month, as against 78,603 units sold in July 2020. More

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      TVS Apache Price Hike Aug 2021 – New Price RTR 160, 180, 200, 310RR

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      TVS Apache
      TVS has increased prices of its two-wheelers at least twice this year; the first in January
      While price hikes are routine in auto sector, the frequency has been much higher this year. Most OEMs have announced price hikes multiple times since January 2021. Such price hikes have often been attributed to rising input costs and prevailing inflationary conditions. The latest announcement comes from TVS Motor that has increased prices across the range including its popular Apache motorcycles.
      TVS Apache new prices
      Starting with RTR 160, the entry-level Apache motorcycle, prices have been increased by Rs 3k. This is applicable for both drum and disk brake variants of RTR 160. Price of Apache RTR 160 4V has also been increased by Rs 3k. Here too, price hike is same for drum and disk variants.
      Moving up, TVS Apache RTR 180 and RTR 200 4V now cost Rs 4k more. This is applicable across all variants of these motorcycles. Highest price hike is for Apache RR310 that now costs Rs 5k more. New price is Rs 2.55 lakh.
      Even with the price hike, TVS Apache motorcycles continue to be competitively priced in comparison to rivals. Apache motorcycles are among bestsellers in their respective categories. It is unlikely that the recent price hike will have any major impact on sales. Prices of rival products have also increased, so price advantage available with Apache range is proportionately the same as earlier.
      TVS Apache Range New Price Aug 2021. Last price hike was in Apr 2021. All prices ex-Delhi.
      No updates
      Although the company has not provided any specific reason for this latest round of price hike, it can be attributed to rising input costs. There are no updates for any of the Apache motorcycles whose prices have been increased.
      The last price hike announced by TVS was just a couple months back in April. At that time, prices of Apache motorcycles were increased in the range of Rs 45 to Rs 1,295. RR310 was the only Apache motorcycle whose price was left untouched in April.
      RR310 prices have been increased twice this year, first in January and second time in February. In December last year, RR310 was available at Rs 2.45 lakh. As compared to current price, it’s an increase of Rs 10k in a span of around 7 months.
      In view of inflationary conditions, it will not be surprising if TVS announces another round of price hike in the coming months. RR 310 is most likely to get another price hike, as it will be receiving its yearly update. RR 310 primary rival is KTM RC 390, which will also be getting a comprehensive update soon. 2021 KTM RC 390 is expected to be priced at around 2.85 lakh. More

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      TVS Sales July 2021 YoY Vs MoM – Apache, Ntorq, Jupiter, XL100

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      Image – The Biker’s DiaryCompany’s total two wheeler and three wheeler sales surged 10.71 percent in July 2021 over 2,51,886 units sold in June 2021
      TVS Motor Company has release their sales report for July 2021. It may be seen from the attached tables that the company has reported similar growth both in terms of MoM and YoY basis at 10.71 percent and 10.33 percent respectively.
      Motorcycle sales of the company dipped MoM by 5.52 percent in July 2021 to 1,38,772 units, down from 1,46,874 units sold in June 2021. Despite de-growth, motorcycles command a 61.69 percent share unlike scooters (Jupiter, Ntorq, etc) and mopeds (XL100) that hold a 22.93 percent and 15.38 percent share respectively. Top seller in motorcycle segment is the Apache range.
      Scooter sales increased MoM to 49,605 units, up from 36,623 units sold in June 2021. This took total two wheeler domestic sales to 1,75,169 units, up 20.46 percent over 1,45,413 units sold in the previous month.
      Exports on the other hand dipped 5.52 percent to 87,559 units, down from 92,679 units shipped in June 2021. Total two wheeler sales of TVS stood at 2,62,728 units, up 10.35 percent in July 2021, up from 2,38,092 units sold in June 2021.
      TVS Motor Sales July 2021 vs Jun 2021 (MoM)
      TVS Motor – Three wheeler sales
      Three wheeler domestic sales surged 143.61 percent MoM to 553 units, up from 227 units sold in June 2021. Exports increased to 15,574 units in July 2021 up from 13,567 units shipped in June 2021.
      With total 3 wheeler sales at 16,127 units, it was a 16.91 percent growth over 13,794 units sold in June 2021. Total two and three wheeler domestic sales and exports were at 2,78,855 units in July 2021, up 10.71 percent as against 2,51,886 units sold in June 2021.
      TVS – YoY Sales
      On a Year-on-Year basis, motorcycle sales increased while sales of scooters and mopeds dipped. Motorcycle sales increased 30.84 percent YoY to 1,38,772 units, up from 1,06,062 units sold in July 2020. Scooter and moped sales dipped 5.41 percent and 16.10 percent YoY respectively. This resulted in de-growth in domestic sales by 7.63 percent in July 2021 to 1,75,169 units, down from 1,89,647 units sold in July 2020. Exports on the other hand increased 61.72 percent to 87,559 units, up from 54,141 units sold in July 2020.
      TVS Motor Sales July 2021 vs Jul 2020 (YoY)
      Total two wheeler sales increased 7.77 percent to 2,62,728 units in July 2021 while three wheeler total sales (domestic and exports) increased 80.07 percent to 16,127 units in the past month, up from 8,956 units sold in July 2020. Domestic two and three wheeler sales dipped 7.69 percent YoY while exports increased 65.31 percent. This took total domestic and exports, two and three wheeler sales up 10.33 percent to 2,78,855 units in July 2021 up from 2,52,744 units sold in July 2020. More

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      TVS Sales, Exports Breakup June 2021 – Apache, XL100, Jupiter, Ntorq

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      Image – The Bengal RiderDomestic two-wheeler sales of TVS Motor Company in June 2021 was 145,143 units as compared to 1,38,802 units in June 2020
      TVS Motor Company has registered 2,37,038 units of two-wheeler sales (domestic and exports) in June 2021 as against 1,83,967 units (domestic and exports) registered in the same month of 2020. In domestic market, the company registered a 4.57 percent YoY sales growth to 1,45,142 units sold in June 2021 as against 1,38,802 units sold in June 2020.
      Domestic Sales Breakup
      It was only the Apache and Sport models that noted increased sales while every other two wheeler in the company portfolio posted de-growth. Apache sales increased 112.64 percent YoY to 30,233 units in June 2021, up from 14,218 units sold in June 2020. The Apache holds a share of 20.83 percent. Domestic sales of TVS Sport surged 65.26 percent YoY to 10,755 unit in the past month, up from 6,508 units sold in June 2020.
      TVS XL, Ntorq, Radeon, Star City, Pep and all suffered de-growth while Zest and iQube added 2,274 units and 639 units respectively to June 2021 sales. This was the highest monthly sales reported by iQube till date.
      MoM sales increased 178.67 percent from 52,084 units sold in May 2021 to 1,45,143 units in June 2021. In this case it was positive growth seen across all models in the company portfolio with Apache, XL, Sport and Jupiter adding most to total sales.
      TVS Domestic Sales June 2021
      Apache sales increased 52.04 percent MoM from 19,885 units sold in May 2021 to 30,233 units sold in June 2021 while XL sales increased 403.11 percent to 35,897 in the past month from 7,135 units sold in May 2021. Zest and RR310 noted the highest percentage growth MoM at 345.88 percent and 668.29 percent respectively.
      TVS Exports Double in June 2021
      TVS Motor Company has reported a 103.47 percent YoY increase in exports while MoM exports dipped by 9.25 percent. The company exported 91,895 units in June 2021 as against 45,165 units shipped in June 2020. May exports had stood at 1,01,257 units
      TVS Star City 125 found most buyers in global market to the extent of 35,344 units shipped in June 2021 as against 18,002 units exported in June 2020. May exports had stood at 34,341 units. Second in line of exports was the Star City with 83.36 percent YoY growth at 31,177 units in June 2021 as compared to 17,003 units shipped in June 2020. In May, it was at 28,529 units relating to a 9.28 percent MoM growth.
      TVS Exports June 2021
      TVS Apache and Sport also reported good global sales on a YoY basis though MoM exports dipped. Victor exports however, surged in terms of MoM but dipped where YoY exports were concerned. TVS Wego, Jupiter and RR310 do not find much demand in global market. Even as demand in export market continues to meet with outstanding success, the current scenario has led to a scarcity in container availability which is adversely affecting overall export volumes. More

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      Bajaj Chetak, TVS iQube Electric Scooter Sales June 2021 – Cross 1,000 For 1st Time

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      Bajaj Chetak Electric ScooterTotal sales in H1 2021 stood at 1,262 units for Chetak while in comparison, TVS iQube sales were at 1,715 units for the same period
      Bajaj Chetak electric scooter, launched in India last year is currently available for sale only in Pune and Bangalore. The TVS iQube, its arch rival, was also launched in 2020 and is currently on sale in Delhi, Pune, Bangalore, Chennai and Coimbatore. Price of Chetak is in the range of Rs 1.42 lakh onwards while that of TVS iQube is Rs 1 lakh onwards – depending on the city.
      These are the only two electric scooters offered by mainstream automakers while other offerings in the electric two wheeler segment are from new comers. The attached table shows off sales of two competitors in India both in terms of H1 2021 sales and MoM sales of June 2021 over that of May 2021. It may also be noted that TVS iQube shows more demand over Bajaj Chetak, though iQube sales in May 2021 were down to zero units.
      One of the reasons why Chetak got a slower start was due to the fact that bookings were suspended at start of this year. Hence during first three months January to March, sales were overtaken by that of the iQube. This is the first time, total sales of both scooters has crossed the 1,000 units mark.
      Chetak, iQube H1 2021 sales
      The period January to June 2021 has seen a total of 1,261 units of Bajaj Chetak sold as against 1,715 units of TVS iQube. In 4 out of 6 months, sales of the Chetak have been lower than that of  iQube, with iQube sales at 0 units in May 2021.
      Chetak vs iQube Electric Scooter Sales June 2021
      The months of March and June showed most disparity in terms of sales. Chetak sales in March 2021 stood at just 90 units, 265 units lower as compared to 355 units of the iQube sold in the same month. It was a similar story in June 2021 when Chetak sales were at 452 units as against 639 units of the iQube sold. It was only in the month of April 2021 that sales of Chetak exceeded that of iQube standing at 508 units and 307 units respectively.
      Chetak, iQube MoM sales
      When looking at MoM sales, though sales of the iQube in May 2021 were down to 0 units, sales for June 2021 stood higher than that of Chetak sales in both months.
      Bajaj Chetak and TVS iQube sales stood at 1,091 units in June 2021 as against 31 units (only Chetak) sold in May 2021. Chetak sales in June 2021 had stood at 452 units, a 1,358.06 percent increase over 31 units sold in May 2021. There were 639 units of iQube sold in June 2021.
      There are some differences between Chetak and iQube that could probably have led to this inequality in terms of sales. Bajaj Chetak is priced higher than the iQube. However, Chetak offers a 95 kms range per charge as against a 75 km range offered by TVS iQube. Chetak is available in comparatively lesser cities. More

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      TVS Creon Electric Scooter Launch Plans On Track – Ather 450X Rival

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      TVS Creon Electric ScooterTVS new electric scooter could be named Retron that was registered last year
      Rising fuel prices have resulted in significant pain for commuters. However, from the EV industry’s perspective, rising fuel prices is working as a catalyst to boost sales of electric vehicles. In electric two-wheeler space, we are witnessing hectic activity in the form of new product launches, capacity and business expansion and development of charging and battery swapping infrastructure.
      TVS new electric scooter
      Realizing that EV wave could get much stronger in the coming years, TVS has chalked out a plan to invest Rs 1,000 crore for strengthening its EV portfolio. One of the products will be a premium electric scooter based on Creon Concept. As may be recalled, Creon Concept electric scooter was showcased at 2018 Auto Expo.
      Now that conditions are favourable, TVS new electric scooter could finally see the light of the day. It is expected to be launched sometime next year. According to the company, its Creon based electric scooter will come with advanced connected features. It will rival the likes of Ather 450X and upcoming Ola electric scooter.
      At 2018 Auto Expo, Creon Concept was showcased as a performance oriented electric scooter. The core idea was to ensure sustainable mobility without compromising on performance.
      TVS Creon Concept
      Creon Concept features and specs
      In its concept form, the electric scooter was equipped with three advanced lithium-ion batteries. Collectively, the batteries generated 12 kW of power. One of the key features of the batteries was that they were capable of holding a high charge per volume. The electric motor was also an advanced unit that was capable of propelling the scooter from 0 to 60 kmph in 5.1 seconds.
      Range of Creon Concept electric scooter was rated at 80 km on a full charge. The batteries supported fast charging, allowing 80% charge in just 60 minutes. It is possible that when TVS launches its new electric scooter next year, it could improve upon these numbers.
      TVS new electric scooter will be positioned above the existing iQube. It will be offered at a premium price. iQube will continue to be the entry-level electric scooter from TVS. By end of this fiscal, iQube is expected to be available at 1,000 dealerships spread across the country. As of now, iQube is offered in select cities like Bengaluru, Delhi, Pune, Chennai and Coimbatore.
      TVS Creon Concept
      In addition to Creon based electric scooter, TVS is also working on a new range of electric two-wheelers and three-wheelers. It includes a performance-oriented electric motorcycle as well. These new electric vehicles will have battery packs in 5-25kW capacity. They will be manufactured at a new facility that is currently being developed inside the existing Hosur plant. Around 500-600 engineers are involved in the design and development of these electric vehicles. More