TVS Motor Company has reported its highest-ever sales in FY 2023-24, with a 12% growth in overall sales. Domestic two-wheeler sales saw an 8% growth, while motorcycle and scooter sales saw a 22% and 2% growth respectively.
The iQube electric scooter from TVS continues to be a top performer in the market, with the company achieving its highest Vahan retails in March 2024. Despite a slight decrease in electric vehicle sales compared to the previous year, TVS remains a strong player in the EV segment.
International business also saw a positive trajectory, with total exports growing by 23% and two-wheeler exports increasing by 26%. The company’s expansion into the French market through a partnership with Emil Frey is a strategic move to strengthen its presence in Europe.
With a commitment to investing ₹5,000 crore in future technologies, TVS is gearing up for advancements in both two and three-wheeler segments. This investment will fuel the design, development, and deployment of cutting-edge technologies across its product range.
The introduction of an upcoming electric moped, along with the company’s focus on innovation and expansion, signals a promising future for TVS Motor Company in the evolving automotive landscape.
