Shares of TVS Motor Company surged 3% to ₹2,511 on April 2 after the company reported its highest-ever annual sales in FY25. TVS recorded total sales of 4.74 million units, marking a 13% year-on-year (YoY) growth. The momentum continued in March 2025, with sales rising 17% YoY to 4,14,687 units.
A key driver of this growth was the strong performance in international markets, where exports surged 23%. In the two-wheeler category, sales grew 16% in March to 4,00,120 units, with motorcycles increasing 15% to 1,96,734 units and scooters soaring 27% to 1,66,297 units. Domestic two-wheeler sales also posted a 14% YoY rise.
The company’s electric vehicle (EV) segment witnessed impressive expansion, growing 77% in March with 26,935 units sold. The three-wheeler segment also saw robust growth, with sales jumping 44% during the month. For the fourth quarter of FY25, two-wheeler sales increased by 14%, three-wheeler sales by 21%, and total exports surged 31%. Over the full fiscal year, two-wheeler sales rose 12%, while exports expanded 18%.
In a strategic move, TVS Motor’s Singapore-based subsidiary, TVSM, exited its investment in ION Mobility Pte Ltd, a Singapore-registered EV startup. The divestment, valued at approximately $1.75 million, included selling its stake while acquiring select assets from ION Mobility. The deal was finalized on March 31, 2025, based on an independent valuation report. TVS clarified that ION Mobility, which accounted for 1.10% of its consolidated net worth in FY24, was not consolidated on a line-by-line basis as it was an associate company.
Following this transaction, ION Mobility is no longer associated with TVSM Singapore or TVS Motor. The company confirmed that the deal was conducted at arm’s length and does not qualify as a related-party transaction.
At around 9:50 AM, TVS Motor’s stock was trading at ₹2,505, up 2.64% from the previous close on the NSE. The company’s shares have gained 10% over the past month, reflecting strong investor confidence in its growth trajectory.
