TVS Motor Company has reported its highest-ever quarterly sales performance in the first quarter of the financial year 2025–26, with total sales reaching 12.77 lakh units. However company reported decline in electric vehicle (EV) sales.
As per an official release, the company registered sales of 402,001 units in June 2025, marking a 20% increase compared to 333,646 units sold during the same month last year. This strong growth was primarily driven by robust demand in the two-wheeler and export segments.
Two-wheeler sales recorded a healthy 20% year-on-year growth, rising to 385,698 units in June 2025 from 322,168 units in June 2024. Within this segment, domestic two-wheeler sales rose 10%, reaching 281,012 units.
Motorcycle sales showed a notable increase of 24%, climbing from 152,701 units to 188,774 units. Scooters also saw strong momentum, with a 26% jump in sales—162,291 units sold in June 2025 compared to 128,986 units in June 2024.
However, electric vehicle sales dipped slightly. TVS sold 14,400 EVs in June 2025, down from 15,859 units a year earlier. The company attributed the decline to continued supply chain constraints, especially the limited availability of magnets. Despite this, demand for its flagship EV, the iQube, remains strong.
The company’s international business delivered impressive results, with overall exports growing by 54%. Overseas sales rose from 76,074 units in June 2024 to 117,145 units in June 2025. Two-wheeler exports alone surged by 58%, reaching 104,686 units compared to 66,434 units last year—reflecting rising global demand.
Three-wheeler sales also contributed positively to the company’s performance. In June 2025, TVS sold 16,303 three-wheelers, a 42% increase from 11,478 units in the same month last year.
For the full first quarter of FY26, the company sold 12.32 lakh two-wheelers, representing a 17% increase from 10.56 lakh units in Q1 FY25. Three-wheeler volumes rose by 46%, touching 0.45 lakh units.
TVS’s export performance in Q1 FY26 was equally strong, with shipments rising 39% year-on-year—from 2.54 lakh units to 3.52 lakh units—highlighting continued momentum in global markets.
