TVS Motor Company posted a record 14 percent growth in total sales in FY24 at 41.91 lakh units, increasing from 36.82 lakh units in FY23, the company said in a statement on April 1.
Two-wheeler sales registered a growth of 15 percent with sales increasing from 35.12 lakh units in FY23 to 40.45 lakh units in FY24, while the three-wheeler segment registered a sale of 1.46 lakh units in FY24 as against 1.69 Lakh units in FY23, according to the statement. Total exports registered 10.13 lakh units in FY24 as against 10.68 lakh units in FY 2022-23.
In the fourth quarter of FY24, the two-wheeler company registered a growth of 23 percent, with sales increasing to 10.32 lakh units compared to the same period of the previous fiscal year.
In the electric vehicles segment, TVS Motor Company achieved the highest Vahan retails in March 2024. It sold 15,250 electric vehicle units in March 2024 as against sales of 15,364 units in March 2023, the firm said.
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