TVS Motor Company has reported a positive growth trajectory in November 2024, achieving a 6.36% year-on-year (YoY) increase in domestic two-wheeler sales. The company sold a total of 3,05,265 units during the month, compared to 2,87,017 units in November 2023. This growth was driven by strong performances from key models, though some segments showed a decline.
TVS Motor Sales Breakup Nov 2024 – YoY Comparison
TVS Jupiter scooter emerged as the top performer with sales of 99,710 units, marking a significant 36.85% YoY growth over the 72,859 units sold in November 2023. This accounted for a commanding 32.66% share of TVS’s domestic sales in November 2024. TVS XL moped retained its strong presence, recording sales of 45,923 units, an increase of 5.61% compared to 43,482 units last year. It contributed 15.04% to the company’s overall sales.
Apache series recorded sales of 35,610 units, reflecting a 13.20% decline from the 41,025 units sold in November 2023. Despite this dip, it held an 11.67% share of domestic sales. Similarly, Raider saw a sharper drop of 20.24%, selling 31,769 units compared to 39,829 units last year, contributing 10.41% to the total. Ntorq scooter reported sales of 26,664 units, a 12.28% decline compared to 30,396 units sold in November 2023. However, the electric iQube continued its impressive growth, with sales surging by 53.76% YoY to 25,681 units, up from 16,702 units last year, securing an 8.41% share.
Radeon posted an impressive 28% growth, selling 13,722 units compared to 10,720 units in November 2023. Sport experienced a significant 31.48% drop, with sales falling to 11,756 units from 17,157 units last year. Zest scooter saw a marginal decline of 1.99%, with sales at 7,764 units compared to 7,922 units in November 2023. Ronin recorded a robust 51.87% growth, selling 3,200 units compared to 2,107 units last year, demonstrating growing interest in premium bikes. Meanwhile, Star City registered sales of 3,009 units, down 27.05% YoY from 4,125 units. Apache 310, TVS’s flagship motorcycle, saw a sharp decline of 34.05%, with sales falling to 457 units from 693 units in November 2023.
TVS Motor Sales Breakup Nov 2024 – MoM Comparison
While TVS Motor Company posted year-on-year (YoY) growth in November 2024, its month-on-month (MoM) sales performance showed a significant decline. The company sold 3,05,265 units in November, which is 85,020 units fewer than the 3,90,285 units sold in October 2024, reflecting a 21.78% drop. Jupiter experienced a 9.11% decline in November, with 99,710 units sold compared to 1,09,702 units in October. Similarly, XL moped recorded a 12.33% decrease, with sales dropping from 52,380 units in October to 45,923 units in November.
Apache series faced the steepest MoM decline among premium models, with sales falling by 28.92% from 50,097 units in October to 35,610 units in November. Raider saw an even sharper drop, with a 37.89% decline, selling 31,769 units in November compared to 51,153 units in October. Among scooters, Ntorq registered a 33.45% decline, with November sales at 26,664 units, down from 40,065 units in October. The electric iQube showed resilience but still saw an 11.21% drop in sales, falling to 25,681 units from 28,923 units in October.
Commuter motorcycles also faced challenges. Radeon sold 13,722 units in November, a 15.23% decline from 16,188 units in October. Sport recorded a significant 45.40% drop, with sales falling from 21,532 units in October to 11,756 units in November. Other models also saw MoM declines. Zest recorded a 17.93% dip, selling 7,764 units compared to 9,460 in October. Ronin bike saw a 23.13% decline, with sales falling to 3,200 units from 4,163 units. Star City had the steepest decline percentage-wise, with sales plummeting by 49.49%, from 5,957 units in October to 3,009 units in November. Apache 310 recorded a 31.28% drop, selling 457 units compared to 665 in October.
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