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TVS Motors September sales grow 6% YoY to 4.2 lakh units

Livemint

Livemint · 1y ago

TVS Motors September sales grow 6% YoY to 4.2 lakh units

TVS Motor Company reported a 6% YoY growth in total sales for September 2023, reaching 402,553 units compared to 379,011 units in the same period last year. Two-wheeler sales increased by 7% to 386,955 units, while motorcycle sales rose 10% and scooter sales increased by 8%. The company's exports also grew by 8% to 100,294 units. However, three-wheeler sales declined to 15,598 units.

Related News

Tata Motors Results 2024 Updates: Net profit rises 222%, declares dividend

Livemint

Livemint · 1y ago

Tata Motors Results 2024 Updates: Net profit rises 222%, declares dividend

Tata Motors reported a significant increase of 222% YoY in its net profit for the quarter ending March 2024, reaching ₹17,407.18 crore. The company experienced a notable surge of 13.3% in consolidated revenue, amounting to ₹1,19,986.31 crore. Tata Motors also declared a final dividend of ₹6 per share. The domestic passenger vehicle sales reached a record high of over 4.2 million units in FY24, with SUVs and emission-friendly powertrains driving the growth. The company recorded its highest-ever turnover and profits in FY24.

Ola, Tata Motors continue to lead market in electric two-wheeler, passenger vehicle segments

Thehindubusinessline

Thehindubusinessline · 1y ago

Ola, Tata Motors continue to lead market in electric two-wheeler, passenger vehicle segments

According to the Federation of Automobile Dealers Associations (FADA), Ola Electric and Tata Motors are leading the market in retail sales of electric two-wheelers (e2W) and passenger vehicles (PV) respectively. Ola Electric sold 32,252 e2W units in January, while Tata Motors sold 5,591 EV units. TVS Motor and Bajaj Auto were also significant players in the e2W segment. The total retail sales of e2W grew by 26.14% YoY. In the luxury car segment, BMW India and Mercedes-Benz India were the top performers. The electric three-wheeler segment saw a YoY growth of 54.45%.

TVS Motor registers highest ever sales in FY24

Money Control

Money Control · 1y ago

TVS Motor registers highest ever sales in FY24

TVS Motor Company recorded a 14% increase in total sales in FY24, reaching 41.91 lakh units. Two-wheeler sales accounted for a 15% growth, reaching 40.45 lakh units, while three-wheeler sales decreased to 1.46 lakh units. The company reported a growth of 23% in the fourth quarter of FY24. In the electric vehicle segment, TVS Motor achieved the highest sales in March 2024, with 15,250 units sold.

M&M auto sales rise 16% YoY to 87,839 units in September; tractor sales up 2%; stock gains | Mint

Livemint

Livemint · 11m ago

M&M auto sales rise 16% YoY to 87,839 units in September; tractor sales up 2%; stock gains | Mint

- Mahindra & Mahindra reported a 16% rise in total auto sales for September 2024 compared to the same month last year, with a total of 87,839 vehicles sold. - Passenger vehicle sales in the domestic market witnessed a growth of 24% with 51,062 units sold in September 2024. - Commercial vehicle sales increased by 6% to 33,750 units in September 2024. - M&M's exports also saw growth, with a 25% increase in September, totaling 3,027 units. - In the Farm Equipment Sector, M&M reported a 2% rise in total tractor sales, with 44,256 units sold in September 2024. - Domestic tractor sales increased by 3% to 43,201 units, while exports declined by 10% to 1,055 units in September 2024.

Two-Wheeler EV Sales Pick Up Pace In October; Ola Electric Regains Some Lost Market Share

Inc42 · 10m ago

Two-Wheeler EV Sales Pick Up Pace In October; Ola Electric Regains Some Lost Market Share

In October, Ola Electric's registration saw a significant increase of 49% with 36,865 units sold, after a recent decline. Overall, electric two-wheeler registrations in India rose by 73% to 1.2 lakh units in October due to festive season sales discounts. Ola Electric regained some of its lost market share (30%) but also offered massive festive season discounts. Competitors like TVS Motor and Ather Energy also experienced growth in registration, with TVS Motor's market share in the EV space increasing to 21.4%. October saw the highest two-wheeler EV sales since March 2021, reaching 1.4 lakh units.

Tata Motors total domestic sales rise to 90,822 units in March

Thehindubusinessline

Thehindubusinessline · 1y ago

Tata Motors total domestic sales rise to 90,822 units in March

Tata Motors reported a 2% increase in its domestic wholesales in March, with total domestic wholesales reaching 90,822 units. The company's passenger vehicle sales, including electric vehicles, in the domestic market rose by 14% to 50,297 units, while commercial vehicle dispatches declined by 10% to 40,712 units. For the fiscal year ending March 31, 2024, Tata Motors' total domestic wholesales reached 9,49,015 units, a 2% increase from the previous fiscal year. The company's passenger vehicle sales for the fiscal year stood at 5,73,495 units, a 6% rise, while commercial vehicle dispatches declined by 4% to 3,78,060 units.

Ola Electric gains market share in FY24, but so do TVS, Bajaj

The Arc Web

The Arc Web · 1y ago

Ola Electric gains market share in FY24, but so do TVS, Bajaj

Ola Electric has seen a significant increase in market share, becoming a leader in the sales of two-wheeler electric vehicles for the fiscal year ending March 2024. Bajaj and TVS Motors have also experienced impressive gains. Ola's market share rose to 35% from 22%, Bajaj Auto went from 4.2% to 12.4%, and TVS Motors increased to 19.5% from 12%. Ather Energy maintained its market share at 11.5%. However, the gains for Ola and Bajaj came at the expense of Okinawa and Hero Electric. The increase in sales can be attributed to the expiration of FAME II subsidies and the government's interim policy. Ola Electric has also filed for a $660 million primary share sale.

TVS leads May EV 2W sales, Bajaj narrows gap as Ola Electric slips to third

Entrackr

Entrackr · 2m ago

TVS leads May EV 2W sales, Bajaj narrows gap as Ola Electric slips to third

In May 2025, the electric two-wheeler (E2W) segment achieved retail sales of 100,266 units, the second-highest monthly figure of the year. TVS Motor led the market with 24,560 units sold, a 107% year-on-year (YoY) growth, securing a 24% market share. Bajaj Auto followed closely with 21,770 units, a 135% YoY growth, holding a 22% market share. Ola Electric experienced a 51% YoY sales decline to 18,499 units but maintained an 18% market share. Ola slipped to third position behind Bajaj. Ather Energy sold 12,840 units, representing a 109% increase, gaining a 13% market share and surpassing Ola Electric in Q4 FY25 revenue with Rs 676 crore compared to Ola's Rs 611 crore. Hero MotoCorp re-entered the EV market with a 191% sales increase to 7,164 units.

Maruti Suzuki reports highest ever monthly sales in September at 1.81 lakh units

Livemint

Livemint · 1y ago

Maruti Suzuki reports highest ever monthly sales in September at 1.81 lakh units

Maruti Suzuki India, the largest car manufacturer in India, achieved its highest ever monthly sales in September 2023, with total wholesales reaching 181,343 units, a 2.8% YoY increase. This includes domestic sales of 153,106 units, sales to other OEM of 5,726 units, and exports of 22,511 units. Maruti Suzuki also surpassed the milestone of selling 1 million units in the first half of the current fiscal year. The company's domestic passenger vehicle sales rose by 2%, while sales of entry-level and compact cars declined. Utility vehicle dispatches, on the other hand, saw a significant 82% growth.

TVS Motor tops E2W market in April, surpasses Bajaj Auto and Ola Electric

Entrackr

Entrackr · 4m ago

TVS Motor tops E2W market in April, surpasses Bajaj Auto and Ola Electric

TVS Motor has emerged as the leader in India's electric two-wheeler (E2W) market for April 2025, surpassing Bajaj Auto and Ola Electric, which previously held the top spot. Last month, TVS sold 19,736 units, a 154% year-over-year (YoY) increase with a 22% market share, according to Vahan data. In comparison, Ola Electric sold 19,709 units, a 42% decline from the previous year, and held a 21% market share. Bajaj Auto saw a 151% YoY growth to 19,001 units and secured a 21% market share. Ather Energy saw a 31% increase in sales to 13,167 units, holding a 14% market share. Hero MotoCorp reported a remarkable 540% YoY growth, with 6,123 units sold and a 7% market share. While Ola Electric has increased its market share on a month-on-month basis, the decline in sales can be attributed to increased competition and strategic shifts. The Bhavish Aggarwal-led company also faced significant regulatory scrutiny and potential showroom shutdowns due to violations related to trade certificates and vehicle registrations in several states, including Maharashtra. However, the company said it is unaware of any official notice directing the closure of over 100 of its showrooms in Maharashtra. In contrast, traditional players like TVS, Bajaj, and Ather have capitalized on the growing demand for electric two-wheelers, with TVS achieving its best-ever April sales and leading the market for the first time. Bajaj Auto's performance was bolstered by strong sales of its Chetak e-scooter, which topped e-scooter sales in Q4 FY25. Ola Electric will also face competition from Ather Energy in the public market, as the latter recently closed its subscription window and is now set to be listed on the stock exchange.

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