TVS -Car remains a lot of growth over growth as FY25 ends with a strong momentum

Copyright © HT Digital Streams Limit all rights reserved. Companies Ayaan Kartik 3 min Read April 28, 2025, 23:09 IST TVs noted that the strong growth of the scooter segment compensates the drop in motorcycle sales. Summary The third largest two-wheeler seller beat its net profit by 76% to £ 852, from £ 485 in the previous year, during January March. TVs Motor Co. Ltd has announced a better earnings than expected earnings for the period in January March, citing strong sales of scooter in the country that helped achieve its highest profit ever during the past financial year. The Hosur-based TVs, which do not lead growth, remain optimistic that the growth momentum will continue during the current year due to a reduction in interest rates, income tax relief and a normal monsoon. During January March, the third largest two-wheeler seller beat his net profit by 76% to £ 852, from £ 485 in the previous year. The total turnover grew by 17% to £ 9,565, higher than 8,140 crore in the previous year. A Bloomberg poll of analysts predicted a profit of £ 731 and £ 9,283 crore during the quarter. Also read: How IPO-bound Ather Energy aims to tackle the competition for the full year has grown the profit by more than 30% to £ 2,710, while turnover rose by 14% to £ 36,309 crore. “We expect the strong growth momentum to continue. The first quarter may grow growth in April, but a good marriage season will lead to better growth in the following months,” said TVS Car CEO KN Radhakrishnan during a earnings call to the post-results. During the previous financial year, the company recorded its highest sales rate at 4.7 million, led by a strong momentum in the scooter segment. According to the Society of Indian Automobile Manufacturers (Siam) data, Scooter sales increased by 25% to reach 1.8 million units in the domestic market during the past financial year. The strong growth of the scooter segment compensates the decline in motorcycle sales. In the previous financial year, motorcycle sales in the domestic market of the company fell 2% to 1.2 million units. Scooter versus motorcycle “The part of the scooters in the total market was about 38%. It will rise. A major reason was the increasing penetration of electric scooters,” Radhakrishnan said. With the growth of TVS car staying strong, he was able to Hero Motocorp Ltd. Outwardly, compared to a 5% growth for the Delhi firm, TVS scored a 12% jump in its two -wheeler sales. Management has emphasized that its electric scooters still attract a major traction of customers, and that it will still invest a lot in launching new products. During the current financial year, there will be more launches in space. According to the company’s statement, sales of electric vehicles grew by 44% in the year 2024-25 to 2.79 Lakh units, compared to 1.94 Lakh units during 2023-24. Also read: Former Suzuki CEO Osamu Suzuki has awarded Padma Vibhushan posthumous, India’s second highest civilian award, but the firm remains hopeful that some of its products, such as the TVS Raider in the 125 cc series and the Apache Bike series, will do well. On the international front, the company is optimistic about growth in key markets such as Africa, Latin America and Asia. “Latin America and Asia performed well. Performance in Africa was mixed as a result of a slowdown in some key markets. We are still optimistic that our growth in local and international markets will be higher than the growth of the industry,” Radhakrishnan noted. Analysts remain optimistic about the company’s growth prospects. Saji John, senior research analyst at Geojit Financial Services, said: “Higher observance for scooters and their increasing share in the market is a net positive for the business. They can retain good margins. To note, is how the company will build on its total sales from here, as it is on such a high basis. The competition is also increasing in the scooter segment, especially in EVs. “In the financial year 2024-25, Bajaj Auto increased its sales in electric vehicles by more than 100% to cross the 2-Lakh point. The difference in market share with TVs also closed to 0.6% of 8% earlier. Auto.