TVS Motor Company Records 23 Per Cent Growth In Sales
- TVS Motor Company recorded a 23 per cent year-on-year growth in January 2024.
- Motorcycle sales amounted to 1,55,611 units in January 2024.
- Scooter sales saw a growth of 24 per cent.
TVS Motor Company has announced sales figures for the month of January 2024, showcasing a growth of 23 per cent compared to the same period last year. The total units sold in January 2024 stand at 3,39,513, a substantial increase from the 2,75,115 units recorded in January 2023. This follows the positive trend observed in December 2023 when the company registered sales of 3,01,898 units, reflecting a growth rate of 25 per cent.
Also Read: 2024 Bajaj Chetak Premium Launched at Rs 1.35 Lakh
Breaking down the sales data, the brand's motorcycles demonstrated a 29 per cent growth, with sales rising from 1,21,042 units in January 2023 to 1,55,611 units in January 2024. Similarly, scooter sales saw a growth of 24 per cent, with sales climbing from 1,06,537 units in January 2023 to 1,32,290 units in January 2024.
Overall two-wheeler sales witnessed a growth of 25 per cent, with sales escalating from 2,64,710 units in January 2023 to 3,29,937 units in January 2024. Domestic two-wheeler sales rose by 24 per cent as sales increased from 2,16,471 units in January 2023 to 2,68,233 units in January 2024. On the other hand, two-wheeler exports grew by 28 per cent, with sales escalating from 48,239 units in January 2023 to 61,704 units in January 2024. However, it's worth noting that dispatches during the month were partially impacted by constraints in the availability of containers.
Also Read: 2024 Bajaj Chetak Premium ‘Tecpac’ With Colour TFT Display Spotted Ahead Of Launch
As for the EV segment, the company registered a growth of 34 per cent. EV sales surged from 12,169 units in January 2023 to 16,276 units in January 2024. In the global market, the company's total exports witnessed a growth of 22 per cent, reaching 69,343 units in January 2024 compared to 57,024 units in January 2023.
Whereas the three-wheeler segment reported a modest decrease, with sales totalling 9,576 units in January 2024 compared to 10,405 units in January 2023.
Written by: - RONIT AGARWAL
Related News
Popular Models
Latest Cars
Upcoming Cars
Latest News
Jaiveer Mehra | Sep 18, 20262027 Mahindra Thar 3-Door Facelift Teased Ahead Of LaunchSecond update in two years to bring additional cosmetic changes and more features.1 min read
Amaan Ahmed | Sep 18, 2026Tata Sierra Legend Series Launched At Rs 11.99 Lakh; Adds More Features To Entry And Mid TrimsA slew of features, previously limited to the top-spec Sierra, have been introduced on the Smart+, Pure, Pure+ and Adventure+ variants of the SUV.3 mins read
car&bike Team | Sep 18, 2026Raptee.HV Commences Customer Deliveries in Bengaluru, Targets 100+ Motorcycles by NovemberThe electric motorcycle maker has begun deliveries in Bengaluru and aims to deliver more than 100 motorcycles across Bengaluru and Chennai by November1 min read
Abhishek Nigam | Sep 18, 2026New TVS Ronin: What’s New And What’s Still MissingTVS has added safety, connectivity and convenience features to the Ronin range, but the motorcycle's mechanical package remains unchanged1 min read
car&bike Team | Sep 17, 2026Kia Carens Clavis Line-Up Expanded With More Accessible Automatic VariantsThe HTE (O) and HTE (EX) variants of the Kia Carens Clavis will now come with a turbo DCT setup, while the former will also offer a diesel automatic version.2 mins read
car&bike Team | Sep 17, 2026Petrol Dealers Call For Rs 5 MDR Charge Exemption On UPI Payments; Will Consider Going Cash-Only For Payments Over Rs 2,000Dealers say that the Rs 5 charge on UPI payments of over Rs 2,000 will eat into their earnings.1 min read
Preetam Bora | Sep 16, 2026Royal Enfield Himalayan 440 Review: Better Than the 450?The new Himalayan 440 with an upsized engine and gearbox has certainly improved as a touring machine and at an extremely attractive price of Rs. 2.29 Lakh. Is it the better Himalayan to choose for many riders?9 mins read
Seshan Vijayraghvan | Sep 15, 2026BMW i5 LWB Review: Not The M60, This Is The Proper Electric 5 SeriesThe BMW i5 LWB takes the electric 5 Series formula and puts a stronger focus on rear-seat comfort and long-distance luxury. With a 669 km claimed range, 268 bhp and a more relaxed character, is this the i5 that makes the most sense for India?7 mins read
Preetam Bora | Sep 14, 2026Ladakh Uncharted: Himalayan Basecamp Off-Road Ride ExperienceA day-long off-road excursion from Royal Enfield’s Himalayan Basecamp event in Ladakh, the Ladakh Uncharted ride by Alpinestars was all about re-discovery!6 mins read
Janak Sorap | Sep 12, 2026New Bajaj Pulsar 125 First Ride Review: More Tech, Less Weight, Same Pulsar DNAThe new Bajaj Pulsar 125 retains the familiar Pulsar identity but gets a new engine, lighter construction, more features and a sharper riding experience.5 mins read
Bilal Firfiray | Sep 10, 2026Mahindra XEV 9S Review: 3 Reasons To Buy It, And 3 Reasons To AvoidEveryone keeps telling me that the Mahindra XEV 9S is not the electric XUV 7XO. I disagree.1 min read