TVS Motor Q1FY25 net profit came in at Rs 577.32 crore up 23% YoY from Rs 467.67 cr in Q1FY24. The total income for Q1FY25 came in at Rs 8,411.88 crore, up 15.61% YoY from Rs 7,275.47 crore. The company posted its highest ever Operating EBITDA of Rs 960 crores with a growth of 26% YoY for Q1FY25 Vs Q1FY24 EBITDA of Rs 764 crore. Steady sales and new product launches helped the Q1 performance.
The overall two-wheeler and three-wheeler sales including exports grew by 14% registering sales of 10.87 Lakh units in Q1 compared to 9.53 lakh units registered in Q1FY24, up 11% YoY. Motorcycle sales grew by 11% in Q1 while scooter sales are up 19% YoY. Q1 Electric Scooter sales came in at 0.52 lakh units as against 0.39 lakh units in Q1FY24.Three-wheeler sales for the quarter under review is at 0.31 lakh units in Q1FY25.
New launches and Q1FY25 highlights
During the quarter, the two-wheeler maker introduced new variants to TVS iQube portfolio. TVS iQube series now offers an array of five variants available in vibrant 11 colours and has received good response from the customers.
The TVSM launched its operations in Italy via its branch office, TVS Motor Italia. That apart in Q1, the company also became the first automotive company to become TNFD adopters. As a TNFD Adopter, TVS Motor commits to transparent reporting of the impact on nature.
Speaking on the company’s future goals, Sir Ralf Dieter Speth, Chairman, TVS Motor said, “Our focus on EVs as one of ourfuture growth enablers fits perfectly with our 2030 vision. EVs representa commitment to sustainable innovation, addressing environmentalconcerns while meeting customer demands for energy-efficienttransportation solutions. To realise our vision, it is essential to aligntechnological advancements with strategic infrastructure developmentand proactive collaboration between industry and Government. At TVSM,we are gearing up for exciting times ahead as we transition to a high-tech, global, and smart mobility company. With our technology adoption,strategic partnerships, and a start-up mindset within the organisation,we are confident in our leadership and our ability to delight the ‘new-agecustomer’.”
Sudarshan Venu, Managing Director, TVS Motor added that, “The year saw us achieve the highest VAHAN retail sales in March 2024 – a testament to our commitment to innovation and environmental stewardship. We are investing significantly in the EV segment to improve design, deploy future technologies and enhance digital capabilities. This was evident in the launch of TVS X, a premium product with advanced features, superior design, powertrain, and battery technology; We have outlined a product pipeline for FY2025-26, with additional time allocated for the development of high-quality products in the premium and super-premium segments. Although our European subsidiaries, such as SEMG, were impacted by the economic slowdown, we remain committed to long-term investments to rebuild their strength; We aim to drive growth by investing in new products and premiumisation. Our investments in digital connectivity strengthen our EV and ICE capabilities, and we anticipate elevating customer satisfaction with customer-centric investments in software, electronics, and digital connectivity.”
