TVS Motors delivered exceptional sales performance in December, reporting total unit sales of 4,81,389 vehicles against market estimates of 3,98,000 units. This represents a significant 50% growth compared to 3,21,687 units sold in the same month of the previous year, showcasing the company's strong market momentum across multiple segments and its ability to exceed market expectations.

Sales Performance vs Estimates

The December sales figures demonstrate robust growth across TVS Motor's diverse product portfolio, with actual sales significantly outperforming market estimates. The company achieved substantial improvements in both domestic and international markets.

Two-Wheeler Segment Performance

The two-wheeler segment showed strong performance with 4,61,071 units sold, marking a 48% increase from 3,12,002 units in the previous December. Domestic two-wheeler sales particularly excelled with 54% growth, contributing significantly to the overall outperformance.

Electric Vehicle Growth

TVS Motor's electric vehicle segment demonstrated exceptional performance with sales jumping 77% to 35,605 units compared to 20,171 units in the previous December. This significant growth reflects the company's successful expansion in the electric mobility space and growing consumer acceptance of electric vehicles.

International Business Expansion

The company's international operations showed strong momentum with sales registering 40% growth at 1,46,022 units compared to 1,04,393 units in December of the previous year. This international growth demonstrates TVS Motor's expanding global footprint and successful market penetration strategies.

Three-Wheeler Segment

The three-wheeler segment recorded remarkable growth with sales reaching 20,318 units compared to 9,685 units in the corresponding month last year. This represents more than double the previous year's performance, indicating strong demand in the commercial vehicle segment.

The comprehensive growth across all segments, combined with performance above market estimates, positions TVS Motor Company as a strong performer in the automotive industry, with particular strength in domestic markets and emerging electric vehicle technologies.

TVS Motor Company has officially signed a Memorandum of Understanding (MoU) with Manba Finance Limited on December 30, 2025, to strengthen financing solutions for commercial mobility customers. This strategic partnership aims to enhance vehicle affordability and improve access to structured financing for customers across India.

MoU Details and Scope

The comprehensive agreement enables Manba Finance Limited to provide monthly EMI-based financing solutions for the entire range of TVS Commercial Mobility vehicles. The partnership covers both passenger and cargo three-wheelers across internal combustion engine (ICE) and electric vehicle (EV) models.

Strategic Benefits and Market Impact

The collaboration is designed to strengthen TVS Commercial Mobility's ecosystem by offering competitive funding schemes, reduced turnaround time for loan processing, and deeper penetration into rural and semi-urban markets. For customers, the partnership enables higher purchasing power through attractive down payment options and reduced monthly outflows, supported by bundled financing offers that deliver greater savings and financial flexibility.

Leadership Perspectives

Mr. Rajat Gupta, Business Head – Commercial Mobility, TVS Motor Company, emphasized the partnership's role in building a comprehensive commercial mobility ecosystem. He stated that the collaboration strengthens the company's ability to offer accessible and competitive financing solutions across their ICE and EV three-wheeler portfolio, aiming to support entrepreneurs and fleet operators in enhancing their earning potential and business scalability.

Mr. Manish Shah, Managing Director of Manba Finance Limited, highlighted the alignment with their commitment to supporting a cleaner and more sustainable mobility ecosystem. He noted that leveraging TVS Motor's deep industry expertise, strong distribution network, and trusted brand positions Manba Finance to build meaningful scale in the three-wheeler financing segment, expecting significant contribution to expansion and portfolio growth.

Company Background

TVS Motor Company operates as a reputed two and three-wheeler manufacturer globally with four state-of-the-art manufacturing facilities in India and Indonesia. The company has won the prestigious Deming Prize and operates across 80 countries worldwide. Manba Finance Limited, established in 1996, is a trusted NBFC offering various financing solutions including two-wheeler loans, three-wheeler and electric vehicle financing, with a customer-first and technology-led operating model.