Latest news with #TVS
News18
2 hours ago
- Automotive
- News18
This Brand Dominated Two-Wheeler EV Market In May With 107% Growth In Sales
Last Updated: TVS first clinched the top spot in April, surpassing industry giants like Bajaj Auto and Ola Electric. That month, it sold 19,940 units and secured 22% of the market. India's electric two-wheeler (E2W) landscape underwent a dramatic reshuffling in May, with TVS Motor tightening its grip at the top of the leaderboard. The Chennai-based automaker not only held on to its pole position for a second consecutive month but also posted an impressive 107% year-on-year (YoY) growth, selling 24,562 electric scooters and capturing a commanding 24% market share. This surge came as the overall E2W segment recorded a 30% YoY increase, reaching total sales of 1,00,270 units in May. TVS's rise has been driven by strategic product diversification and aggressive network expansion. The company recently introduced new variants of its flagship iQube scooter, offering battery options ranging from 2.2 kWh to 5.1 kWh. Moreover, its dealership network has swelled to 950 touchpoints, up from fewer than 750 a year ago. TVS first clinched the top spot in April, surpassing industry giants like Bajaj Auto and Ola Electric. That month, it sold 19,940 units and secured 22% of the market. Its continued dominance in May underscores a broader shift in the electric mobility sector, where incumbents are increasingly displacing once-dominant disruptors. Bajaj Auto, maker of the Chetak EV, surged into second place in May, registering a 135% YoY growth. The Pune-based company sold 21,770 units and matched TVS with a 22% market share, overtaking Ola Electric, which continues to face a steep decline. Once the undisputed leader in India's E2W space, Ola saw its market share plummet to 18% from a towering 48% in May 2024. It sold 18,499 units in May, down 51% YoY. The decline has triggered concerns among analysts, who now question Ola's near-term growth trajectory. Kotak Institutional Equities, for instance, revised Ola's FY26–27 volume estimates downward to 32–34%, citing tepid industry momentum and delays in the company's much-anticipated electric motorcycle launches. Ola, along with Ather Energy, managed to sell 65,000 units combined in Q1 FY26, with 44,502 units moved in April and May. Meanwhile, Ather Energy, fresh off its IPO, emerged as another standout performer. The Bengaluru-based firm posted a 109% YoY growth, selling 12,841 units in May. Much of its success is attributed to the Ather Rizta, a family-oriented scooter that has resonated well beyond Ather's traditional southern markets. The company now holds a 13% market share, up from just 8% last year. Hero MotoCorp also reported a significant rebound, with sales soaring 191% YoY to 7,164 units in May. Its market share has doubled to 7%, marking a notable comeback in a highly competitive sector. Industry watchers say the latest shake-up in rankings signals a deeper maturation of India's EV market. While early entrants like Ola sparked the initial wave of adoption, legacy automakers with established infrastructure and diversified portfolios are now leveraging their scale to assert dominance. Looking ahead, TVS Motor appears poised to consolidate its lead. CEO KN Radhakrishnan confirmed that new electric vehicle products are in the final stages of development and slated for release in the coming quarters, further hinting that the southern powerhouse may only be getting started.
The Sun
3 hours ago
- Business
- The Sun
Two Japanese firms plan US$1.5 bln investment in high-tech, chemical sectors in Sarawak
KUCHING: Sarawak continues to strengthen its appeal as an international investment destination, as two major companies from Japan plan to invest US$1.5 billion (US$1=RM4.25) in the high-tech and chemical industries in the region. According to a report by TV Sarawak (TVS) today, Sarawak Deputy Premier and Minister of International Trade, Industry and Investment Datuk Amar Awang Tengah Ali Hasan is currently in Osaka, Japan to discuss details of the investments. One of the projects involves the construction of a semiconductor-grade polycrystalline silicon production facility by Japan's Tokuyama Corporation in collaboration with South Korea's OCI Company Ltd., with the investment estimated at around US$435 million. 'This project has the potential to position Sarawak among the top five global locations in high-performance semiconductor production technology,' the report said, citing a statement from the Sarawak Ministry of International Trade, Industry and Investment. Another planned investment involves a consortium of Japanese companies in the chemical sector, with the investment estimated to reach US$1 billion. Feasibility studies and site evaluations have already begun, with the Sarawak government also committed to expediting the approval process to ensure that investment decisions can be finalised soon. Both investments align with the Post-COVID-19 Development Strategy 2030, which emphasises economic prosperity, social inclusiveness, and environmental sustainability. 'The Sarawak government is always committed to supporting the implementation of high-impact investment projects like these. We offer a stable and competitive business environment, equipped with modern infrastructure and a skilled workforce,' said Awang Tengah. He added that the Sarawak government will provide full support to ensure the smooth implementation and success of these investments.
The Sun
3 hours ago
- Business
- The Sun
Two Japanese firms eye US$1.5 bln investment in Sarawak
KUCHING: Sarawak continues to strengthen its appeal as an international investment destination, as two major companies from Japan plan to invest US$1.5 billion (US$1=RM4.25) in the high-tech and chemical industries in the region. According to a report by TV Sarawak (TVS) today, Sarawak Deputy Premier and Minister of International Trade, Industry and Investment Datuk Amar Awang Tengah Ali Hasan is currently in Osaka, Japan to discuss details of the investments. One of the projects involves the construction of a semiconductor-grade polycrystalline silicon production facility by Japan's Tokuyama Corporation in collaboration with South Korea's OCI Company Ltd., with the investment estimated at around US$435 million. 'This project has the potential to position Sarawak among the top five global locations in high-performance semiconductor production technology,' the report said, citing a statement from the Sarawak Ministry of International Trade, Industry and Investment. Another planned investment involves a consortium of Japanese companies in the chemical sector, with the investment estimated to reach US$1 billion. Feasibility studies and site evaluations have already begun, with the Sarawak government also committed to expediting the approval process to ensure that investment decisions can be finalised soon. Both investments align with the Post-COVID-19 Development Strategy 2030, which emphasises economic prosperity, social inclusiveness, and environmental sustainability. 'The Sarawak government is always committed to supporting the implementation of high-impact investment projects like these. We offer a stable and competitive business environment, equipped with modern infrastructure and a skilled workforce,' said Awang Tengah. He added that the Sarawak government will provide full support to ensure the smooth implementation and success of these investments.
Hindustan Times
6 hours ago
- Automotive
- Hindustan Times
Apache motorcycles and iQube help TVS post 16% sales uptick in May. Know more
TVS has registered 50 per cent year-on-year growth in electric vehicle sales in May 2025. TVS has registered 50 per cent year-on-year growth in electric vehicle sales in May 2025. Notify me TVS Motor Company, in a regulatory filing, has stated that its two-wheeler sales registered a 16 per cent uptick in May 2025. The homegrown two-wheeler major has registered 416,166 units in May 2025, as compared to 359,590 units sold in the same month a year ago. TVS has also stated that its domestic two-wheeler sales registered a growth of 14 per cent, with sales increasing from 271,140 units in May last year to 309,287 units in the same month this year. TVS Motor Company sells some of the bestselling motorcycles in the Indian market, which include the Apache series models. The auto company manufactures high-performance as well as commuter motorcycles such as Apache RR 310, Apache RTR 310, Apache RTR 200 4V, Apache RTR 180, Apache RTR 160 4V, Apache RTR 160, TVS Ronin, TVS Raider, TVS Radeon, TVS StaR City+, and TVS Sport. These models are sold in India as well as exported to overseas markets too. In the scooter segment, the OEM sells models like Jupiter, Jupiter 125, Ntorq and Zest 110. Besides that, it also sells electric scooters like the iQube and TVS X. Apart from that, there is a moped on offer as well in the form of the XL100. The brand has further stated in its official statement that motorcycle sales for the company registered a 22 per cent growth, with sales increasing from 173,627 units in May 2024 to 211,505 units in May 2025. On the other hand, scooter sales registered a growth of 15 per cent, with sales increasing from 145,305 units in May 2024 to 166,749 units in May 2025. In the electric vehicle segment, TVS has recorded a significant growth of 50 per cent. Its sales have increased from 18,674 units in May 2024 to 27,976 units in May 2025, claimed the automaker. However, TVS expects a disruption in its EV sales in the short to medium term, which is due to the delays in the rare earth magnet supply from China. The company has stated that while EV sales continue to grow steadily, disruptions in the EV supply chain, particularly concerning magnet availability, are expected to pose challenges in the short to medium term. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 02 Jun 2025, 10:21 AM IST
Entrepreneur
7 hours ago
- Automotive
- Entrepreneur
Hero MotoCorp Struggles in Scooter Market Despite Aggressive Launch Strategy
Competitors continued to gain ground in the same month. Bajaj Auto reported a 73.2 per cent increase in April scooter sales, TVS rose 23.5 per cent, and Suzuki climbed 9 per cent. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Hero MotoCorp, one of India's top two-wheeler manufacturers, is grappling with a surprising downturn in scooter sales in FY25, even as the broader scooter segment recorded double-digit growth. According to data from the Society of Indian Automobile Manufacturers (Siam), Hero's scooter sales dropped by 2.3 per cent, slipping from 4,00,453 units in FY24 to 3,91,419 in FY25. This slump stands in stark contrast to the 17.4 per cent growth the overall scooter market experienced during the same period, with rival manufacturers making strong gains. Bajaj Auto saw its scooter volumes surge by 139.7 per cent to 2,77,183 units, while Honda Motorcycle & Scooter India (HMSI) posted a 12.4 per cent rise, reaching 2.84 million units. TVS Motor and Suzuki Motorcycle India also logged notable growth at 24.9 per cent and 14.8 per cent, respectively. Hero's decline comes despite the company's aggressive strategy of launching several new scooter models. The Xoom 110 debuted in January 2023, followed by the Destini 125 Prime in August 2023 and the Pleasure Plus Xtec Sports in March 2024. In January 2025, Hero introduced three more models—the Destini 125, Xoom 125, and Xoom 160. But the expanded portfolio has not translated into lasting traction in the market. While the new models briefly lifted Hero's scooter sales—showing 34.9 per cent growth in January 2025, 12.1 per cent in February, and 22.5 per cent in March—the momentum was short-lived. By April 2025, sales plummeted 43.3 per cent year-on-year, from 31,712 units to 17,978. Though the steep drop is partly due to a high base effect, the result remains starkly out of sync with the broader industry trend. Competitors continued to gain ground in the same month. Bajaj Auto reported a 73.2 per cent increase in April scooter sales, TVS rose 23.5 per cent, and Suzuki climbed 9 per cent. Even Ather Energy, the electric scooter company in which Hero has invested, grew its volumes by 44 per cent, delivering 155,405 units. With total scooter sales rising to 6.85 million in FY25, up from 5.84 million in FY24, and motorcycles growing at a slower pace of 5.1 per cent, the market signals a clear consumer pivot toward scooters.
