Home Economy Strong Two-Wheeler, CV Growth, PV Lags

Strong Two-Wheeler, CV Growth, PV Lags

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Strong Two-Wheeler, CV Growth, PV Lags

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TVS Motors Co. reported a robust performance this month, growing upwards of 25%, as against the 16% estimate from analysts. Domestic sales have been strong, with scooters showing 24% growth. Electric vehicle momentum has continued for the company, with roughly 17,403 scooters sold, a whopping 179% growth from last year, despite subsidies being reduced after March 2024.

Hero MotoCorp Ltd. has shown a fresh upside of 35% versus analyst expectations of 23%. The company has mentioned that the Xtreme 125 and new Harley launch have aided sales.

Bajaj Auto Ltd.’s total sales grew 17%, while the much-needed growth of total exports has come in at 18%. While the domestic three-wheeler market has remained subdued this month, showing just 3% growth, exports in the segment grew by 20%. The company is also set to launch the Pulsar NS400 on Friday.

Eicher Motors Ltd. showed growth at 12%, which was higher than analysts’ estimates. International business has been a key growth driver, up 61% as compared with the previous year.



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