TVS Motor Company’s sales soar by 33% in February 2024, with total sales of 3,68,424 units, marking a significant increase from the previous year. The electric vehicle segment saw a substantial growth of 16%, with sales reaching 17,959 units in February 2024.
In the two-wheeler category, there was a remarkable 34% growth, with sales of 3,57,810 units in February 2024 compared to 2,67,026 units in February 2023. Domestic two-wheeler sales also showed growth, increasing by 21% from the previous year.
Motorcycles witnessed a 46% growth, reaching 1,84,023 units in February 2024, while scooter sales grew by 26% to 1,32,152 units during the same period. The Company’s total exports surged by 85%, with two-wheeler exports alone growing by 98%.
TVS Motor Company has announced a commitment to invest ₹5,000 crore in designing, developing, and deploying future technologies across its product range. Managing Director Sudarshan Venu emphasized the company’s focus on engineering, R&D, and transforming the future of mobility with cutting-edge technology and design.
The company’s dedication to innovation and growth is underscored by its investment in both two and three-wheeler segments. With a robust team of over 2,000 engineers driving development, TVS Motor Company aims to redefine the quality of life for its customers through technological advancements.
