TVS Motor Posts 10% Sales Growth in November, EV Sales Soar 57%

2 Dec 2024 , 01:30 PM

TVS Motor Company recorded a 10% growth in overall sales for November 2024, selling 4,01,250 units, compared to 3,64,231 units sold in November 2023.

Sales of two-wheelers increased by 12%, with 3,92,473 units sold in November 2024, compared to 3,52,103 units in the same month last year. Domestic two-wheeler sales saw a modest growth of 6%, reaching 3,05,323 units in November 2024, up from 2,87,017 units in November 2023. The company’s electric vehicles (EVs) showed impressive growth, with sales rising 57% to 26,292 units, compared to 16,782 units in November 2023.

On the other hand, three-wheeler sales declined to 8,777 units, a drop from 12,128 units sold in November 2023. TVS Motor’s export numbers saw a strong increase of 25%, with 93,755 units shipped in November 2024, compared to 75,203 units in November 2023. The growth in EV sales reflects TVS Motor’s focus on sustainable transportation, while the overall increase in two-wheeler sales highlights its popularity among consumers both in India and overseas.