2024-11-11 09:44:15
TVS Motor Company is one of the leading two-wheeler and three-wheeler manufacturers in the country. The company has reported impressive sales figures for October 2024, marking a significant year-on-year growth. With a total of 3,51,950 units sold across two-wheelers, TVS recorded an increase over the sold units in October 2023. The company also saw a marginal MoM growth in 2-Wheelers from September 2024. The highlight of the month was TVS's electric vehicle (EV) sales, which saw the highest-ever monthly sales compared to the same month last year, signaling strong consumer adoption of electric two-wheelers.
Metric |
October 2024 |
October 2023 |
Difference |
% Change |
Total Sales |
3,51,950 units |
2,52,359 units |
+99,591 units |
+39.5% |
Market Share |
17.04% |
16.66% |
+0.38 percentage points |
+2.28% |
1. Sales Growth (Year-over-Year):
2. Market Share Expansion:
3. Implications of the Performance:
TVS Motor Company has shown remarkable growth in October 2024, with a 39.5% increase in sales volume and a 0.38% market share gain. This growth could be attributed to factors such as strategic product launches including the new TVS Raider 125 iGO, effective product strategies, strong consumer demand, and a diverse portfolio that includes both traditional and electric two-wheelers.
With double-digit growth across multiple segments and a notable uptick in export sales, TVS Motor is well-positioned to continue its upward trajectory as it adapts to changing consumer preferences, particularly in the EV space.