Tvs Motor Company: Tvs Motor surpasses the pre-pandemic sales record | Pune News | Top Vip News


Pune: TVS Motor Company has surpassed its pre-pandemic two-wheeler sales in FY24 by 40.5 lakh units, while those of Bajaj Auto and Hero MotoCorp are behind by 2 lakh units and 8 lakh units, respectively. Bajaj Auto reported two-wheeler sales of 37 lakh units, while Hero MotoCorp reported sales of 56 lakh units during the year. Overall two-wheeler registrations stood at 1.75 million units in FY24, compared to 1.90 million units in FY20, according to Vahan database. Year on year, the companies have recorded consistent growth levels with Bajaj Auto recording 8% growth in two-wheeler sales, TVS Motor 15% and Hero MotoCorp 5% in FY24, according to filings of exchange. Hero MotoCorp’s FY24 sales were supported by both domestic and export markets. However, a 10% year-on-year decline in Bajaj Auto’s exports was offset by domestic sales that grew by 25% during the year. Hero MotoCorp expects double-digit revenue growth in FY25 led by gain in 125cc segment with launch of Xtreme 125R, growth in premium motorcycle portfolio and vehicle market share gain electric thanks to new launches, the company said in a statement. . Two-wheeler companies are increasingly focused on launching premium motorcycles to support growth and improve their margins. “The penetration of premium motorcycles should continue to increase, thus supporting combined realizations. Volume growth is expected to be modest, in line with demand for entry-level motorcycles, which has not yet returned to pre-pandemic levels. Exports are likely to continue to face hurdles due to high inflationary conditions and global slowdown,” Crisil said in a report. According to Siam data from April 2023 to February 2024, two-wheeler sales improved to 1.6 million units in FY24, compared to 1.4 million units in the previous year.

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