TVS Motor Company reported a 20% increase in its consolidated net profit for the December 2024 quarter, reaching ₹609.35 crore compared to ₹509.61 crore in the same period last year, according to a regulatory filing. The company’s consolidated revenue from operations rose to ₹11,134.63 crore in Q3 FY25, up from ₹10,113.94 crore in the corresponding quarter of the previous fiscal. Total expenses for the quarter stood at ₹10,272.62 crore, higher than ₹9,362.83 crore a year earlier.
TVS Motor’s overall two-wheeler and three-wheeler sales, including exports, grew by 10% to 12.12 lakh units during the quarter, compared to 11.01 lakh units in Q3 FY24. Motorcycle sales increased by 6% to 5.56 lakh units, while scooter sales surged by 22% to 4.93 lakh units. However, three-wheeler sales declined to 29,000 units from 38,000 units in the same quarter last year.
Electric scooter sales saw robust growth, rising by 57% to 76,000 units in the December 2024 quarter, compared to 48,000 units in the year-ago period. The strong performance was driven by higher sales across product categories, positioning TVS Motor for continued growth in the evolving automotive market.
TVS Motor Company (BSE: 532343, NSE: TVSMOTOR) is a globally recognized manufacturer of two and three-wheelers, dedicated to advancing sustainable mobility. With four advanced manufacturing facilities in India and Indonesia, the company builds high-quality, internationally acclaimed products using innovative and eco-friendly processes.
With a century-long legacy of trust and customer-centric values, TVS Motor stands out as the only two-wheeler manufacturer to win the prestigious Deming Prize. Its products consistently lead in J.D. Power IQS and APEAL surveys, and the company has been ranked No. 1 in the J.D. Power Customer Service Satisfaction Survey for four consecutive years.
TVS Motor’s global footprint extends to over 80 countries, offering a superior customer experience. Its group company, Norton Motorcycles, based in the UK, is among the world’s most iconic motorcycle brands. Additionally, its subsidiaries in the e-mobility sector, Swiss E-Mobility Group (SEMG) and EGO Movement, hold leading positions in Switzerland’s e-bike market. Driven by a passion for innovation and sustainability, TVS Motor continues to deliver excellence in mobility solutions worldwide.
