TVS Motor

New TVS iQubeTVS Motor total sales of two and three wheelers grew substantially on a YoY basis by 11.89% though MoM sales declined on account of lower two wheeler salesTVS Motor Company has recorded outstanding sales growth in May 2024 on a YoY basis showing off its positive outlook in what is considered a highly competitive market. The company achieved an overall 11.89% YoY growth in May 2024 with sales across its two and three wheeler segment as well as 2 wheeler domestic sales and exports showing off an uptick. Three wheeler exports however experienced a sharp decline.TVS Motor 2W and 3W Sales May 2024 – YoY PerformanceTVS Motor achieved a 11.89% YoY improvement in sales (2W+3W) to 3,69,914 units as compared to 3,30,609 units in May 2023 relating to a 39,305 volume increase. Taking only two wheeler sales into account, motorcycle sales grew by 7.01% to 1,73,627 units, up from 1,62,248 units in May 2023. Motorcycles currently command a 48.28% share as against 40.41% held by scooter sales which have also improved by 19.93% YoY to 1,45,305 units. There had been 1,21,156 units sold in May 2023.TVS Sales May 2024Electric scooter sales grew by 4.02% YoY to 18,674 units while moped (XL100) sales were up 13.28% to 40,658 units. This took 2 wheeler domestic sales up 7.30% to 2,71,140 units in May 2024 from 2,52,690 units sold in May 2023 while exports surged 32.80% to 88,450 units. Total 2W (domestic + exports) sales thus increased 12.62% YoY to 3,59,590 units in the past month, up from 3,19,295 units sold in May 2023. Total 2W sales stood at 3,74,592 units in April 2024 relating to a significant MoM decline.Across the three wheeler segment as well, company sales increased by 37.80% in terms of domestic sales which improved to 1,808 units in the past month while exports fell by 14.86% from 10,002 units shipped in May 2023 to 8,516 units in May 2024. Lower exports resulted in lower total 3W sales by 8.75% to 10,324 units in May 2024. Total 2+3W domestic sales stood at 2,72,948 units, a 7.46% YoY growth while total exports of 2+3 wheeler improved by 26.58% to 96,966 units.TVS Sales May 2024 – YoY ComparisonMonth on Month (MoM) Performance – May 2024 Vs April 2024TVS has reported a 7.70% MoM decline in motorcycle sales in May 2024 to 1,73,627 units while scooter sales improved just marginally by 0.82% over 1,44,126 units sold in April 2024. E-scooter sales also saw a 7.30% growth while moped sales suffered a 4.01% setback over 42,356 units sold in April 2024.TVS Sales May 2024 – MoM ComparisonTotal two wheeler domestic sales thus dipped by 10.05% form 3,01,449 units sold in April 2024 to 2,71,140 units sold in May 2024 while exports increased by 20.93% to 88,450 units from 73,143 units shipped in April 2024. Total 2 wheeler sales thus saw a 4% MoM decline over 3,74,592 units sold.TVS Motor Company saw better performance across its three wheeler segment with domestic sales up 9.05% while exports surged 15.63% taking total 3 wheeler sales to 10,324 units in the past month, up 14.42% over 9,023 units sold in April 2024. Lower total (2+3W) domestic total sales by 9.95% but higher exports by 20.44% took total sales to 3,69,914 units in the last month, down by 3.57% over 3,83,615 units sold in April 2024.In other news, TVS has commenced deliveries of the TVS iQube top spec ST trim. It now receives a larger battery pack thereby relating to a higher range. TVS also plans to launch its first electric three wheeler as well as electric moped, for which TVS XL EV And E-XL names have been registered. More

New TVS iQube. Image – JAY CHOUDHARYTVS is offering a Rs. 10,000 loyalty discount to customers who had booked their iQube ST before 15th July 2022, when it was announcedAfter a couple of years, since it was first announced, TVS has finally launched the iQube in its top-spec ST trim level. Not just that. TVS has upped the battery size on it and is now claiming more range than any iQube scooter ever did. iQube ST deliveries have commenced now in Maharashtra.Delivery Of TVS iQube ST Top Variant CommencedTVS Motor is following a phase-wise manner with the iQube ST launch. Recently, the company launched iQube ST in the state of Maharashtra and owners can avail deliveries across the state, depending on the availability of dealerships. The launch of top-spec iQube ST 5.1 marked a major milestone in the Indian electric scooter segment.New TVS iQubeThat’s because TVS iQube ST 5.1 has India’s largest battery ever graced on any mainstream electric scooter in India. As the name suggests, it has a 5.1 kWh battery, which is larger than Simple One’s 5 kWh (combined). The top-spec iQube ST also has a variant equipped with a smaller 3.4 kWh battery.Where pricing is concerned, TVS iQube ST trim starts from Rs. 1.56 lakh (Ex-sh, Effective) for the smaller 3.4 kWh battery pack variant and Rs. 1.86 lakh (Ex-sh, Effective) for the 5.1 kWh battery variant. Both prices quoted are effective Ex-sh prices and are inclusive of subsidies.2024 TVS iQube RangeTVS had announced iQube ST alongside standard iQube and iQube S trims back in 2022. Only, the top-spec ST trim took around two years to launch, owing to a combination of multiple subsidy revisions and other paraphernalia. So, for all customers who had booked their iQube ST before July 15th 2022, TVS is offering a Rs. 10,000 loyalty discount.New TVS iQubeIt has to be noted that only TVS iQube ST gets a 7-inch touchscreen instrument screen (dashboard) and 118 connected features. Standard iQube and iQube S miss out on touchscreen functionality. However, TVS has generously offered Bluetooth connectivity features including turn-by-turn navigation on both lower trims.Biggest battery in any mainstream Indian electric scooterTVS iQube is among the best and most celebrated family electric scooters in India. It has been a fantastic practical scooter with a no-nonsense approach. With the launch of top-spec ST trim, TVS has pushed the envelope of battery capacity on electric scooters.At 5.1 kWh in capacity, it boasts a lot of juice and TVS promises a real-world range of 150 km on a single charge. It is 100 km on a single charge for the 3.4 kWh variant. Top speed is capped at 82 km/h on the 5.1 kWh variant. Other notable attributes of TVS iQube ST are a 950W charger along with 32L of under-seat storage capacity. More

2024 TVS iQubeTVS Motor Company registered a significant improvement in domestic sales at 29.40% YoY in April 2024 with the Jupiter scooter in the leadIn April 2024, TVS Motor Company reported substantial sales growth in domestic markets both in terms of YoY and MoM. It was the Jupiter scooter, Raider and Apache along with the XL moped that commanded a major 72% share in total sales. TVS iQube in the electric two wheeler segment has seen outstanding demand and sales are set to increase with the recent launch of the new top-spec ST variant of the iQube electric scooterTVS Motor Domestic Sales April 2024TVS Motor has recorded total sales of 3,10,449 units in April 2024, a 29.40% YoY growth over 2,32,956 units sold in April 2023. This was a volume growth of 68,493 units. It was the TVS Jupiter that commanded the most attention with a 29.38% YoY growth to 77,086 units sold in the past month from 59,583 units sold in April 2023. The Jupiter scooter was also the 2nd best-selling scooter in India after the Honda Activa.TVS Sales Breakup April 2024TVS Raider and Apache followed in quick succession with 51,098 units and 45,520 units sold in April 2024 relating to a 62.26% and 19.32% YoY growth. These two bikes also featured at Nos. 5 and 6 on the list of best-selling motorcycles last month. The Apache lineup was also extended with the new RTR Black Edition that will compete with the Bajaj Pulsar and Yamaha FZ in the 160cc category.TVS XL moped, the only such offering in the company portfolio, has seen a 20.04% YoY growth in sales to 41,924 units while the Ntorq 125cc scooter sales grew at 13.77% to 30,411 units in the past month. TVS Motor recorded sales of its electric iQube at 16,713 units with a massive 168.40% YoY growth. The transition from FAME II which ended on 31st March 2024 to the new Electric Mobility Promotion Scheme (EMPS) 2024 that came into effect from April 2024 continued to see robust demand in the electric two wheeler segment.TVS Sales Breakup April 2024 – YoY ComparisonTVS Sport sales dipped 15.01% while Radeon sales were up 31.37% to 12,316 units. It was the TVS Zest 110cc scooter that received overwhelming demand last month with a YoY growth of 785.51% to 12,316 units from just 9,375 units sold in April 2023. The sales list also included TVS Ronin (2,130 units, Apache 310 (422 units) and Star City (1 unit). Star City saw its sales fall 99.98% over 4,627 units sold in April 2023 while Pep+ sales were down to 0 units.TVS Sales Breakup April 2024 – MoM ComparisonTVS Motor MoM Sales April 2024On a MoM basis, TVS has also posted positive sales which grew at 15.71% over 2,60,532 units sold in March 2024. Almost all models in the company portfolio have recorded MoM growth in sales except for the Zest, Apache 310 and Star City.Jupiter scooter sales grew by 7.98% MoM from 71,390 units while Raider sales were up 34.38% from 38,026 units sold in March 2024. TVS Apache, XL and Ntorq have also posted significant MoM growth while iQube and Sport sales grew by 16.66% and 31.55% respectively.TVS Radeon 110 cc commuter motorcycle that is a rival to Hero Splendor has seen a 9.65% MoM growth to 12,316 units from 11,232 units sold in March 2024. However, Zest sales dipped considerably by 12.01% over 9,239 units sold in March 2024. Ronin has also seen an 11.46% growth though sales of Apache 310 and Star City+ dipped by 5.38% and 91.67% respectively on a MoM basis. More

TVS Apache RTR Black Edition LaunchedThe new TVS Apache RTR Black Edition models are more aesthetically pleasing rivals to 160cc Bajaj Pulsar and Yamaha FZ offeringsOne of India’s leading 2W and 3W manufacturers, TVS Motor, just launched a raunchy new Black Edition treatment with both of its 160cc duo. In this sense, both Apache RTR 160 2V and Apache RTR 160 4V get this new Black Edition. Pricing for this impressive new Black Edition starts from Rs. 1.20 lakh (ex-sh).TVS Apache RTR Black EditionTVS Apache RTR 160 2V Black EditionStarting with classic Apache 160 2V, this is the most affordable motorcycle offered with this new Black Edition colour scheme. This new colour looks the best on TVS Apache RTR 160 2V and is a perfect shade to radiate sophistication and aggression at the same time. With this new colour, bike looks more menacing than before.TVS Apache RTR Black Edition LaunchedNew Black Edition joins the existing colour palette. These include T-Grey, Matte Blue, Racing Red, Gloss Black, Pearl White and the newest Glossy Black. Overall appearance is very stealthy and there are no stickers to spoil the stealth and sophistication of Black Edition. Which we liked very much.Earlier Gloss Black shade had a few stickers and never looked as slick as this new Black Edition shade. Apart from colour, there are no mechanical changes on this machine. It continues to draw power from the same 159.7cc single-cylinder SOHC 2V air-cooled engine capable of generating 15.82 bhp and 13.85 Nm, mated to a 5-speed gearbox.TVS Apache RTR 160 2V Black EditionTVS Apache RTR 160 2V has been priced at Rs. 1.2 lakh (ex-sh). This means Black Edition is only offered with the base model that gets rear drum brakes and misses out on Bluetooth connectivity and gets a skinnier rear tyre.TVS Apache RTR 160 4V Black EditionWe can see a similar strategy when it comes to the more performance-oriented Apache RTR 160 4V Black Edition as well. TVS is only offering Black Edition with the base model that misses out on Bluetooth connectivity along with all the new add-ons that were offered with Special Edition like adjustable levers and coloured alloy wheels.TVS Apache RTR 160 4V Black EditionChanges with Apache RTR 160 4V Black Edition are also just limited to colour and overall machine remains the same. New Glossy Black colour is now added to the palette containing Lightning Blue, Matte Black, Knight Black, Metallic Blue and Racing Red. New Glossy Black looks the most sophisticated and soothing without any stickers.TVS Apache RTR 160 4V Black EditionMechanically, bike continues to be powered by the same 159.7cc single-cylinder SOHC 4V oil-cooled engine that is capable of generating 17.31 bhp and 14.73 Nm, mated to a 5-speed gearbox. Asking price for TVS Apache RTR 160 4V is Rs. 1.25 lakh (ex-sh).Also read – TVS launched Apache, Ronin, Jupiter, Ntorq and Raider in Italy More

TVS NtorqTVS Motors’ Italian operations will be via its branch office TVS Motor Italia and is a part of its global expansion strategyTVS Motor Company, a leading two and three wheeler manufacturer in India, is expanding its global operations to include Italy. Currently the third largest two wheeler maker in India, the company also markets its products to over 80 countries, with a total of 4 million global customers last year, and will now introduce a range of its internal combustion engines (ICE), electric scooters and motorcycles in Italy.The Italian operations branch office TVS Motor Italia is headed by Dr. Giovanni Notarbartolo di Furnari. He brings with him extensive experience from senior managerial roles in major automotive companies in Italy, Latin America, UAE, and Europe.TVS Motor in ItalyTVS Motor Global Expansion to Italian MarketsIntroducing the company’s range in Italian markets, TVS Motors plans to showcase the TVS Ronin 250 retro styled motorcycle, the TVS Raider commuter bike and in the scooter range the Ntorq and Jupiter 125. There will also be two electric scooters TVS iQube and TVS X along with other e-bikes – Cilo, EGO Movement, Simpel, and EBCO ranges. Speaking on the launch, Dr. Giovanni Notarbartolo di Furnari, Director, TVS Motor Italia, said, “In establishing a branch office and by offering a broad suite of products, both thermic and electric, TVS Motor has underlined its confidence and long term strategy for the Italian market. Our focus will be on two fundamental pillars: product quality and customer satisfaction. It is with a lot of pride that I am undertaking this amazing new adventure with one of the top five two-wheeler manufacturer in the world.”TVS RoninTVS launches RTR 310, Ronin, Raider 125 in ItalyAmong the product range being offered by TVS Motor Company via TVS Motor Italia will be the Apache 310 Series sports bikes which are offered in RR and RTR variants that have been developed in collaboration with BMW. The Apache 160 and the 200 range will not be sold in Italy as of now but TVS could be introduced in the future.TVS JupiterIt will also include the Ronin 250, a retro styled motorcycle that is regaled both for its style and performance and well suited to the demands of Italian buyers. TVS Raider 125cc bike will also be welcomed by Italian buyers thanks to its sporty appeal.With high demand for scooters in Italy, TVS Motor will introduce the Ntorq, a 125cc scooter that offers sporty design and performance. There will also be the Jupiter 125 scooter on display at showrooms in Italy along with the company’s electric two wheeler lineup among which will be the TVS iQube and the TVS X e-scooters. TVS X e-scooter is world’s most advanced connected e-scooter which has been designed and developed in India and boasts of exclusive features and outstanding performance, thus setting new standards in the electric two wheeler segment.In the electric bike segment, TVS Motors will also show off the Cilo, EGO Movement, Simpel and EBCO models of both mountain bikes and city bikes. These bikes are designed to excel both for city and off road riding. As on date, there are no details on pricing of any of these products which will be imported into Italy as completely built-up (CBU) units. More

Image – MRD VlogsTVS cumulative sales of two and three-wheelers totalled 3,83,615 units in April 2024, reflecting a substantial growth of 25.27% YoYTVS Motor Company has released its sales performance for the month of April 2024, showcasing a remarkable surge across various segments. The company’s sales figures for motorcycles, scooters, and electric scooters have seen substantial upticks, reinforcing its position in the competitive market.TVS Motor Sales April 2024 – YoY performanceIn the motorcycle segment, TVS Motor Company reported sales of 1,88,110 units in April 2024, marking a notable increase from 1,52,365 units in the same period last year. This translates to a substantial growth of 23.46%, consolidating the company’s stronghold in this segment with a 50.22% market share. TVS motorcycle range includes the likes of Apache, Raider, Star City, etc.TVS Motor Sales April 2024Similarly, the scooter segment witnessed a commendable growth trajectory, with sales soaring to 1,44,126 units compared to 1,07,496 units in April 2023. This represents a substantial surge of 34.08%, reflecting the growing preference for TVS scooters among consumers. The company’s market share in the scooter segment stands at an impressive 38.48%. In the scooter segment, TVS sells Jupiter, Ntorq, etc.One of the most striking highlights of TVS Motor Company’s sales report is the exponential growth recorded in the electric scooter segment. With iQube sales skyrocketing to 17,403 units in April 2024 from 6,227 units in the same period last year, the company has witnessed a staggering growth rate of 179.48%. This surge underscores the increasing adoption of electric vehicles and TVS’s commitment to sustainable mobility solutions.TVS Motor sales Apr 2024 vs Apr 2023 – YoY performanceFurthermore, TVS Motor Company’s moped segment (XL100) also witnessed a notable upswing, with sales reaching 42,356 units, up from 34,925 units in April 2023, reflecting a growth of 21.28%. In the domestic market, TVS Motor Company’s two-wheeler sales totalled 3,01,449 units in April 2024, compared to 2,32,956 units in the corresponding period last year, marking a robust growth of 29.40%. The company’s exports of two-wheelers also registered a commendable increase, with sales reaching 73,143 units, up from 61,830 units in April 2023, reflecting a growth of 18.30%.In the three-wheeler segment, TVS Motor Company reported domestic sales of 1,658 units and exports of 7,365 units in April 2024. Despite a slight decline in exports compared to the previous year, the company remains optimistic about its prospects in this segment.TVS Motor sales Apr 2024 vs Mar 2024 – MoM performanceMonth on Month Performance – April 2024 vs March 2024In the motorcycle segment, TVS Motor Company reported sales of 1,88,110 units in April 2024, marking a notable increase of 9.61% from March 2024. This surge, amounting to 16,499 additional units, underscores the enduring popularity of TVS motorcycles among consumers, with the company capturing a substantial market share of 49.82%.Similarly, the scooter segment witnessed robust growth, with sales reaching 1,44,126 units in April 2024, up by 9.62% compared to March 2024 figures. The electric scooter segment experienced a remarkable surge, recording sales of 17,403 units in April 2024, reflecting a growth rate of 14.12% from March 2024. In the moped segment, TVS Motor Company witnessed a modest yet noteworthy growth of 2.40%, with sales totalling 42,356 units in April 2024.Domestically, TVS Motor Company reported robust sales performance, with total two-wheeler sales reaching 3,01,449 units in April 2024, up by 15.71% from March 2024. The company’s exports of two-wheelers, however, experienced a decline of 12.84%, with sales totalling 73,143 units in April 2024. In the three-wheeler segment, TVS Motor Company’s domestic sales stood at 1,658 units in April 2024, reflecting a decrease of 20.59% from March 2024. Exports of three-wheelers also saw a downturn, with sales totaling 7,365 units, down by 8.60% from March 2024. More

TVS Apache RR 310 Miami BlueTVS Motor has reported a growth across both domestic sales and exports in March 2024 with domestic sales up 8% and exports soaring 26.71% YoYTVS Motor Company, the third best-selling two wheeler maker in India after Hero and Honda, has reported increased sales in March 2024, thus ending the past fiscal on a positive note. Total sales (domestic + exports) in March 2024 improved by 10% to 3,42,378 units, a growth of 40,007 units over 3,05,371 units sold in March 2023. The two wheeler maker has also registered their highest sales in FY2024 at 29,65,744 units overtaking Bajaj Auto by significant numbers.TVS Domestic Sales March 2024Taking into account domestic sales, TVS Motor has reported an 8.20% YoY growth. Sales which had stood at 2,40,780 units in March 2023 improved to 2,60,532 units in March 2024. This was a volume growth of 19,752 units. In the motorcycle segment, the company sells the Apache, Raider 125, Sport, Radeon, Ronin, etc while it has XL in the moped segment and Jupiter, Ntorq and iQube in the scooter segment out of which the iQube is its sole electric offering.TVS Sales Breakup March 2024Leading the domestic sales list was TVS Jupiter with a 21.26% YoY growth. Sales improved to 71,390 units in the past month, up from 58,874 units sold in March 2023. Jupiter currently commands a 27.40% share. At No. 2 position was the XL moped with 40,867 unit sales in the past month, up 11.01% over 36,814 units sold in March 2023. In March 2024, the company also registered the names TVS XL EV and E-XL for their upcoming electric moped which is pegged for launch in September 2024 to rival the recently introduced Kinetic E-Luna.Raider sales also improved tremendously by 22.66% YoY to 38,026 units in March 2024 up from 31,002 units sold in March 2023. However, thereafter the model lineup suffered a setback with the Apache (34,237 units), Ntorq (26,912 units), iQube (14,326 units) and Sport (11,934 units) each suffering a YoY de-growth. TVS recently increased prices of its iQube and iQube S electric scooters by Rs 3,000 and 6,000 respectively. This price hike comes in following a new Electric Mobility Promotion Scheme (EMPS) introduced by the Government of India following the FAME II scheme ending on 31st March 2024.TVS Sales Breakup March 2024Lower down the domestic sales list and posting outstanding YoY growth was the Radeon with a 37.21% improvement in March 2024 to 11,232 units while it was exceptional demand seen for the Zest, sales of which grew by 188.63% YoY to 9,239 units in March 2024. The new Ronin added 1,911 units to TVS sales last month while the Apache 310 saw its sales up 8.78% to 446 units from 410 units sold in March 2023. Star City sales dipped 99.38% to just 12 units as compared to 1,931 units sold in the same month last year.TVS Sales Breakup March 2024TVS Exports in March 2024 – Star City 125 in the LeadTVS exports improved by 26.71% YoY in March 2024 to 81,846 units, up from 64,591 units sold in March 2024. This was a volume growth of 17,255 units. In the lead at No.1 on the export list was Star City 125 with 34,897 units sold last month, a 28.60% YoY growth from 27,136 units sold in March 2023 to command a 42.64% share on this list.Apache exports also improved by 126.53% to 11,408 units from 5,036 units YoY while Star City saw a 51.85% YoY growth in exports to 11,372 units. A maximum YoY growth in exports was experienced by the TVS Raider which improved at the rate of 161.36% to 7,745 units in March 2024 from 3,346 units sold in March 2023.Jupiter exports dipped 35.21% to 5,917 units in the past month while a 45.91% growth was reported for the TVS Sport to 5,625 units. The list also included the Ntorq (2,764 units) and XL (496 units) both of which have suffered massive YoY de-growth while there were 416 units of the relatively new Ronin exported last month. Apache 310 sales grew to 166 units from 90 units, an 84.44% growth on a YoY basis while iQube exports stood at 40 units in the said month from 0 units shipped in March 2023. More