TVS Motor Company will hold a meeting of the Board of Directors of the Company on 28 January 2025.Powered by Capital Market - Live News

TVS Motor Company recorded monthly sales of 321,687 units in December 2024 with a growth of 7% as against 301,898 units in the month of December 2023. Two-Wheeler: Total two-wheelers registered a growth of 8% with sales increasing from 290,064 units in December 2023 to 312,002 units in December 2024. Domestic two-wheeler registered 215,075 units in December 2024 as against 214,988 units in December 2023. Motorcycle registered sales of 144,811 units in December 2024 as against 148,049 units in December 2023. Scooter registered a growth of 30% with sales increasing from 103,167 units in December 2023 to 133,919 units in December 2024. Electric Vehicle: The Company sold 20,171 units in December 2024 as against 11,288 units in December 2023, registering a growth of 79%.International Business: The Company`s total exports grew by 22% increasing from 85,391 units registered in December 2023 to 104,393 units in December 2024. Two-wheeler exports registered a growth of 29% with sales increasing from 75,076 units registered in December 2023 to 96,927 units in December 2024.Three-Wheeler: Three-wheeler of the Company registered sales of 9,685 units in December 2024 as against 11,834 units in December 2023.Third Quarter Sales Performance: During the third quarter of the current financial year, two-wheelers posted a robust growth of 11% with sales of 11.8 lakh units as against sales of 10.6 lakh units in the third quarter of FY 23-24. Three-wheeler of the Company registered sales of 0.29 lakh units in the third quarter of the current year as against 0.38 lakh units in the third quarter of FY 23-24. Two-wheeler sales include EV sales of 0.76 lakh units in the third quarter of FY 24-25 as against 0.48 lakh units in the third quarter of FY 23-24 with a growth of 57%. Powered by Capital Market - Live News

TVS Digital, a step down wholly-owned subsidiary of TVS Motors Company, informed that it has entered into an agreement dated 25 December 2024 (agreement) for redemption of 5,31,416 Series A Preferred Stock of Scienaptic Systems, Inc., a Delaware corporation (Scienaptic), an associate company (as per the latest audited financials of Financial Year 2023-24), for an aggregate consideration of USD 1.7 Million in Scienaptic (transaction). The transaction is expected to be completed on or before 31 December 2024.Pursuant to such redemption, Scienaptic will cease to be an associate company of the Company and that of its step-down subsidiary as well. The remaining shareholding held by TVS Digital may be redeemed in one or more tranches, as per the terms of the Agreement. Powered by Capital Market - Live News

TVS Motor Company launched a new 2.2 kWh battery variant of the TVS iQube electric scooter in Sri Lanka. TVS iQube now offers three variants in six vibrant colours, matching varying customer requirements. As a pioneer in sustainable mobility, TVSM remains steadfast in its dedication to the EV segment, delivering innovative, reliable, and exciting products. This commitment is further enhanced by a robust after-sales network, developed in partnership with TVS Lanka. The new 2.2 kWh battery variant of the TVS iQube is designed to make premium electric mobility more accessible and reduce the total cost of ownership for customers. Powered by Capital Market - Live News

TVS Motor Company introduced a refreshed TVS Apache RTR 160 4V with new features and technology. Equipped with features tailored to meet the evolving needs of today`s riders, TVS Motor reaffirms its commitment to bringing high-performance motorcycles with cutting-edge technology, refined aesthetics, and enhanced capabilities to the market. This latest edition of the TVS Apache RTR 160 4V offers a powerful blend of cuttingedge tech integration, improved performance, and unmatched aesthetic appeal for customers, and is designed to cater to a new generation of riders who seek style, agility, and precision in every ride. Commenting on the launch, Vimal Sumbly, Head of Business - Premium, TVS Motor Company said, �We are proud to lead the way in engineering and innovation in motorcycles. With that commitment, we are excited to announce the upgrade of the TVS Apache RTR 160 4V with cutting-edge features and advanced technology. Built on a rich racing legacy, the TVS Apache Series proudly serves over 5.5 million enthusiasts, making it one of the fastest-growing premium motorcycle brands globally. We are committed to meeting the evolving needs of our customers by integrating performance, technology, and style. By constantly evolving in our set of offerings, we have set new benchmarks for performance motorcycles in India.� Powered by Capital Market - Live News