TVS register 25% sales growth in April

Two and three-wheeler makers TVS Motor Company registered a 25% growth with sales increasing from 306,224 units in April 2023 to 383,615 units in April 2024.

Total two-wheelers registered a growth of 27% with sales increasing from 294,786 units in April 2023 to 374,592 units in April 2024.

Domestic two-wheeler registered growth of 29% with sales increasing from 232,956 units to 301,449 units, a company release said here on Wednesday.

Motorcycle registered a growth of 24% with sales increasing from 152,365 units to 188,110 units, while Scooter registered a growth of 34% with sales increasing from 107,496 units to 144,126 units.

The new Electric Mobility Promotion Scheme (EMPS) 2024 came into effect from April 2024 after FAME-II ended in March 2024. Ensuring a smooth transition, TVS Motor recorded electric vehicles sales of 17,403 units in April 2024, indicating continued robust demand. Electric vehicle sales last year in April 2023 were at 6,227 units. 

The company's total exports registered a growth of 12% with sales increasing from 71,663 units in April 2023 to 80,508 units in April 2024. Two-wheeler exports registered a growth of 18% with sales increasing from 61,830 units to 73,143 units.

Three-wheeler registered sales of 9,023 units in April 2024 as against 11,438 units in April 2023.