TVS Motor Company , a leading Indian two-wheeler and three-wheeler manufacturer, has reported robust financial results for the second quarter, showcasing strong growth across key metrics.

Record-Breaking Performance

The company achieved its highest ever quarterly sales in both ICE (Internal Combustion Engine) and EV (Electric Vehicle) segments. Revenue grew by 29% to INR 11,905 crores, compared to INR 9,228 crores in the same quarter last year. Operating EBITDA surged 40% to INR 1,509 crores, with margins improving by 100 basis points to 12.70%.

Sales Volume Growth

TVS Motor's sales volume increased by 23%, outpacing industry growth in several segments:

• Domestic ICE two-wheeler sales grew 21% against industry growth of 8%
• International sales rose 31% versus industry growth of 26%
• EV two-wheeler sales grew 7% to 80,000 units, despite magnet availability challenges
• Three-wheeler sales jumped 41% to 53,000 units

Financial Highlights

Product Launches and Innovation

TVS Motor introduced several new products during the quarter, including:

• TVS Orbiter EV scooter
• TVS King Kargo HD EV
• TVS Ntorq 150
• Apache RTX

International Business Performance

The company's international business posted its highest ever quarterly sales, crossing 400,000 units. This growth was primarily driven by strong performance in Africa and Latin America.

TVS Credit Services

TVS Credit, the company's financial services arm, achieved significant growth:

• Loans disbursed to over 25 lakh new customers
• Total customer base expanded to over 2.13 crores

Market Position and Outlook

TVS Motor's strong performance in Q2 demonstrates its ability to capitalize on market opportunities and navigate challenges such as magnet availability for EV production. The company's focus on product innovation, expansion in international markets, and growth in the EV segment positions it well for continued success in the evolving two-wheeler and three-wheeler market.

As the Indian automotive industry continues to recover and grow, TVS Motor's diverse product portfolio and strong presence in both domestic and international markets may help it maintain its growth trajectory in the coming quarters.

TVS Motor Company , a leading two and three-wheeler manufacturer, has reported a 32% year-on-year increase in festive sales, demonstrating strong growth across key metrics. The company has also shared positive expectations for various segments and reported significant EV revenue.

Sales Growth and Segment Expectations

TVS Motor's festive sales saw a substantial 32% year-on-year increase, indicating robust consumer demand. The company expects an 8% growth in the Internal Combustion Engine (ICE) segment, showcasing confidence in traditional vehicle sales.

Notably, TVS Motor anticipates strengthening rural demand, which could contribute to overall sales growth. The company's scooters are reportedly outpacing industry performance, suggesting a strong position in this particular segment.

EV Segment Performance

The company's focus on electric vehicles (EVs) is yielding significant results. TVS Motor reported that its EV revenue has reached ₹1,269 crores, marking a substantial contribution to the company's overall revenue.

Government Incentives

TVS Motor is benefiting from the Production Linked Incentive (PLI) scheme, a government initiative designed to boost domestic manufacturing. This support likely contributes to the company's ability to invest in and expand its production capabilities, particularly in the growing EV segment.

Record-Breaking Financial Performance

The company had previously reported its highest-ever quarterly operating revenue of ₹119.05 billion for the second quarter, marking a significant 29% year-over-year increase from ₹92.28 billion in the same quarter of the previous fiscal year.

TVS Motor's profitability also saw substantial improvements:

Note: Financial figures are in billion rupees unless otherwise stated.

Sales Volume Highlights

TVS Motor Company achieved its highest-ever quarterly sales volume, with overall two-wheeler and three-wheeler sales, including international business, growing by 23% to reach 1.507 million units.

Key sales highlights include:

• Motorcycle sales: Up 20% to 673,000 units
• Scooter sales: Increased 30% to 639,000 units
• International two-wheeler sales: Grew 31% to 363,000 units
• Three-wheeler sales: Surged 41% to 53,000 units

Looking Ahead

With strong festive sales, positive expectations for ICE and rural segments, and significant progress in the EV market, TVS Motor Company appears well-positioned for continued growth. The company's ability to leverage government incentives and adapt to changing market demands will be crucial in maintaining this momentum.

As TVS Motor continues to expand its product range and focus on sustainable mobility, its performance in the coming quarters will be closely watched by investors and industry observers alike.