TVS Motor Reports 20.5% YoY Sales Growth in June; EV Sales Decline 9%

TVS Motor Company has begun FY26 on a remarkable note, setting a new benchmark with its best-ever quarterly sales. The two-wheeler manufacturer dispatched a total of 12.77 lakh units across both domestic and international markets during the April–June 2025 quarter. June 2025 alone contributed about 3.86 lakh units to that tally, reflecting a 20% year-on-year (YoY) rise compared to the 3.22 lakh units sold in the same month last year. Of these, 2.81 lakh units were sold within India, up 10% from around 2.56 lakh units recorded in June 2024.

TVS Motor Sales: June 2025

Motorcycles drove a substantial share of the growth, with sales rising to 1.89 lakh units in June 2025, 24% higher than the 1.53 lakh units sold in the corresponding month the previous year. Scooters, however, outpaced motorcycles in percentage growth, registering a 26% jump as sales climbed from 1.29 lakh units in June 2024 to approximately 1.62 lakh units this year.

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On the electric front, the iQube scooter experienced a dip in performance. Sales declined by 9.2% in June 2025, falling to 14,440 units from 15,859 units a year earlier. TVS attributed the drop to potential production headwinds stemming from the constrained supply of rare earth magnets, which are critical to electric vehicle components.

Conversely, the company’s export operations surged significantly. Overseas shipments reached over 1.17 lakh units in June, an impressive 54% spike over the 76,074 units exported in June 2024. The bulk of this expansion came from its two-wheeler portfolio, which alone saw export volumes soar by 58% over the previous year.

TVS iQube Gets New Variant

TVS Motor Company has expanded its iQube electric scooter lineup with the introduction of a new mid-tier 3.1kWh variant, priced at Rs 1.05 lakh (ex-showroom). Positioned between the base 2.2kWh and the premium 3.5kWh models, this new version aims to strike a balance between affordability and performance, targeting urban commuters seeking a practical yet capable EV. It carries forward the familiar iQube styling and hardware while adding a larger battery pack and more features. With this, the iQube is now available in four battery options: 2.2kWh, 3.1kWh, 3.5kWh, and 5.3kWh.

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The 3.1kWh battery offers a certified range of 121 km and charges from 0 to 80% in 2 hours and 45 minutes, identical to the smallest variant. It also matches the top-end iQube ST’s 82km/h top speed. There are no mechanical changes, as it retains the same chassis, suspension setup (telescopic forks and twin rear shocks), and braking hardware (220mm front disc, 130mm rear drum). Weighing in at 117 kg, it is available in five colours, including Titanium Grey, Pearl White, and dual-tone finishes like Starlight Blue-Beige.