TVS Motor Company Records 13% YoY Sales Growth in October; Sells 4.89 Lakh Units
TVS recorded a 14% increase in the two-wheeler market, with 4.78 lakh units sold. The sales of the 2Ws in the domestic market increased by 13% to 3.90 lakh units.
By Sanorita
TVS sold 4.89 lakh units overall in the festive month of October 2024, representing a 13% growth from the previous year's 4.35 lakh units. Compared to September of this year, when it sold 4,82,495 units, this was a 1.35% increase. The company saw a 14% increase in the two-wheeler market, with 4.78 lakh units sold. The sales of the 2Ws in the domestic market increased by 13% to 3.90 lakh units. Segment-wise, motorcycles sold 2.30 lakh units in October 2024, compared to 2.02 lakh units in the same period last year. This led to a year-on-year rise of 14%. On the other hand, Scooters sold 1.93 lakh units, a 17% YoY increase. Read on for more updates.
Also Read: Bajaj Pulsar N125 vs TVS Raider 125 Spec Comparison: What's Different?
TVS Sales October 2024
In October, the company's electric vehicle (EV) sales reached 29,308 units, showing a growth of 45% from the previous year's total of 20,153 units. From 87,952 units sold in October 2023 to 95,708 units sold in October 2024, TVS's exports surged by 9%. However, 2W shipments amounted to 87,670 units, representing a 16% YoY increase.
Other Highlights
TVS introduced a new variant of the Raider 125 in India last month to mark the scooter's 10-lakh unit sales milestone. Called the iGo, the scooter retails for Rs 98,389 (ex-showroom). It includes the iGo assist technology, which provides an acceleration boost and an additional 0.55Nm of torque.
The new TVS Raider iGO is powered by the same 124.8cc single-cylinder air/oil-cooled engine connected to a five-speed gearbox. While the power output stays unchanged at 11.2bhp at 7,500rpm, the torque output is now 11.75Nm at 6,000rpm. According to TVS, the new model will offer 10% more fuel efficiency than the other variants.
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The Raider iGo sits between the Split Seat model (Rs 97,704) and the Super Squad Edition (Rs 1.01 lakh) in the range. These are ex-showroom prices. Similar to the Split Seat model, the iGo has an LCD dash with TVS SmartXonnect, which enables customers to access notifications, voice assistance, and turn-by-turn navigation, among other linked capabilities.
