TVS Motor Company has reported its highest-ever revenue for the financial year 2024-25, totaling ₹36,251 crores, marking a 14% increase from ₹31,776 crores in FY 2023-24. The company also saw an improvement in its operating EBITDA, which rose by 120 basis points to 12.3%, compared to the previous year. Profit Before Tax (PBT) for the year increased by 31%, reaching ₹3,629 crores, up from ₹2,781 crores in FY 2023-24. Profit After Tax (PAT) for FY 2024-25 stood at ₹2,711 crores, compared to ₹2,083 crores in the prior year.
In the fourth quarter of FY 2024-25, TVS Motor’s revenue from operations rose by 17%, reaching ₹9,550 crores, compared to ₹8,169 crores in Q4 of FY 2023-24. The company achieved its highest-ever quarterly operating EBITDA of ₹1,333 crores, up from ₹926 crores in Q4 of 2023-24. Profit Before Tax (PBT) for the quarter stood at ₹1,112 crores, a significant increase from ₹672 crores in Q4 of FY 2023-24.
In line with the government’s Production Linked Incentive (PLI) scheme, the company recognized its PLI earnings for FY 2024-25 during the quarter. TVS Motor’s operating EBITDA margin for the quarter was 14.0%. Excluding the PLI benefit from previous quarters, the margin would be 12.5%, compared to 11.3% in Q4 of the prior year.
For the full fiscal year, TVS Motor saw a 13% growth in total two-wheeler and three-wheeler sales, which reached 47.44 lakh units, up from 41.91 lakh units in FY 2023-24. Motorcycle sales grew by 10%, reaching 21.95 lakh units compared to 19.90 lakh units the previous year. Scooter sales saw a 21% increase, totaling 19.04 lakh units, up from 15.70 lakh units in FY 2023-24.
Electric vehicle sales surged by 44%, with 2.79 lakh units sold in FY 2024-25, compared to 1.94 lakh units in FY 2023-24. TVS Motor now boasts over 5 lakh electric vehicle customers. Three-wheeler sales for the year were 1.35 lakh units, down from 1.46 lakh units in FY 2023-24.
In the fourth quarter of FY 2024-25, TVS Motor’s total two-wheeler and three-wheeler sales, including exports, grew by 14%, reaching 12.16 lakh units, compared to 10.63 lakh units in Q4 of FY 2023-24. Motorcycle sales for the quarter grew by 10%, totaling 5.64 lakh units, up from 5.11 lakh units in the same quarter of the previous year. Scooter sales saw a 27% increase, reaching 5.02 lakh units, compared to 3.96 lakh units in Q4 of FY 2023-24.
Electric vehicle sales in Q4 surged by 54%, totaling 0.76 lakh units, compared to 0.49 lakh units in the same quarter of the previous year. Three-wheeler sales in Q4 increased by 21%, with 0.37 lakh units sold, compared to 0.30 lakh units in Q4 of FY 2023-24.
TVS Motor Company (BSE: 532343, NSE: TVSMOTOR) is a renowned global manufacturer of two-wheelers and three-wheelers, committed to sustainable mobility. With four advanced manufacturing facilities in India and Indonesia, the company leverages its 100-year legacy of trust, value, and customer-centric passion to produce high-quality products through innovative processes.
TVS Motor is the only two-wheeler company to have won the prestigious Deming Prize. The company’s products lead in their respective categories in both J.D. Power IQS and APEAL surveys and have been ranked No. 1 in J.D. Power’s Customer Service Satisfaction Survey for four consecutive years
TVS Motor’s subsidiary, Norton Motorcycles, based in the UK, is one of the most iconic motorcycle brands worldwide. Additionally, TVS Motor’s subsidiaries in the electric mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement, hold a leading position in the Swiss e-bike market. TVS Motor Company is committed to delivering the best customer experience across the 80 countries it serves.
