TVS Motor Company has achieved a monumental milestone in the financial year 2024-25, reporting its highest-ever sales of 4.74 million units, marking an impressive 13% year-on-year (YoY) growth. The company’s performance across various segments has been exceptional, with notable contributions from its two-wheeler and electric vehicle (EV) businesses. This achievement is a testament to the company’s continued innovation and focus on catering to both domestic and international markets.

Impressive Growth Across Segments

TVS Motor's success story for FY 2024-25 can be attributed to its strong sales performance in all segments, especially two-wheelers, three-wheelers, and the electric vehicle division. In March 2025 alone, TVS recorded a 17% increase in total sales, reaching a total of 414,687 units compared to 354,592 units in March 2024. The two-wheeler segment led the charge, contributing 4,00,120 units to the overall sales, while the scooter segment alone surged by 27%, selling 1,66,297 units.

The domestic market witnessed robust growth, with motorcycle sales rising by 15%, reaching 196,734 units in March. The electric vehicle (EV) business also made significant strides, posting a remarkable 77% growth with 26,935 units sold in March 2025.

A Strong Quarter with Robust Export Performance

The fourth quarter of FY 2024-25 saw even stronger figures, with two-wheeler sales rising by 14%, and three-wheeler sales increasing by 21%. The quarter also saw a significant increase in exports, which surged by 31% compared to the previous quarter. For the full financial year, TVS's export business grew by 18%, a clear indication of the company’s growing presence in international markets. The international market performance was particularly strong, with exports increasing by 23% in March 2025.

The Growing Importance of EVs

TVS Motor’s electric vehicle (EV) segment has emerged as one of the most exciting growth areas for the company. The EV business achieved a 77% growth in March 2025, a clear sign of the growing consumer demand for electric two-wheelers. With the global push toward sustainability, TVS’s focus on expanding its EV range and boosting production capacity is expected to fuel its continued success in the coming years. The EV sales performance is part of the company’s broader strategy to position itself as a leader in the electric mobility space.

Domestic and International Sales Synergy

TVS Motor’s domestic market has also been a key driver of its success. Domestic two-wheeler sales grew by 14% in March 2025, indicating strong demand for the company’s products in India. TVS has successfully leveraged its understanding of the Indian market to offer a range of products that cater to diverse consumer needs, from commuter motorcycles to premium scooters and electric vehicles. The international market, on the other hand, has proven to be a significant contributor to the company’s growth. With a 23% increase in exports, TVS has managed to strengthen its foothold in various global markets, from Southeast Asia to Africa and Latin America.

Conclusion:

TVS Motor Company’s impressive performance in FY 2024-25 highlights its dominance in the two-wheeler segment and its strategic focus on expanding its electric vehicle portfolio. With a 13% YoY sales growth and strong performance across all segments, the company is well-positioned to continue its growth trajectory in the coming years. The company’s emphasis on exports and EV business underlines its ability to adapt to market demands, ensuring its continued success in a competitive industry.

As TVS Motor continues to innovate and expand its product offerings, it is likely to remain a dominant player in the Indian and global two-wheeler market. With electric vehicles playing an increasingly important role in the company’s future, TVS is set to ride the wave of growth and capitalize on the growing demand for sustainable mobility solutions.

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