The two-wheeler maker sold over 4.7 million units in the last financial year.
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TVS Motor Company achieved over 4.7 million units in sales and posted revenue of ₹36,251 crore for the financial year 2024-25, recording a 14 per cent growth compared to ₹31,776 crore in 2023-24.
Operating EBITDA for the year improved by 120 basis points at 12.3 per cent over the previous year. Profit After Tax (PAT) for the year stood at ₹2,711 crore in FY25, as against ₹2,083 crore recorded during the year ended March 2024, marking a 30 per cent year-on-year growth.
Q4 performance
Revenue from operations for the quarter ended March 2025 grew by 17 per cent to ₹9,550 crore against ₹8,169 crore in the quarter ended March 2024.The company posted an Operating EBITDA of ₹1,333 crore for the fourth quarter as compared to ₹926 crore in the corresponding quarter of 2023-24. Profit Before Tax for the fourth quarter stood at ₹1,112 crore against ₹672 crore in the same period last year.During the quarter, TVS Motor recognised Production Linked Incentive (PLI) pertaining to the full financial year 2024-25 based on progress made in line with the Ministry of Heavy Industries’ Standard Operating Procedure on PLI.
The company’s Operating EBITDA margin was at 14.0per cent in the fourth quarter. Excluding the PLI benefit of previous quarters, the Q4 EBITDA margin stood at 12.5per cent, compared to 11.3 per cent during the fourth quarter of the previous year.
Sales performance
During the year ended March 2025, overall two-wheeler and three-wheeler sales grew by 13 per cent to 47.44 lakh units compared to 41.91 lakh units recorded in 2023-24. Motorcycle sales during the year grew by 10 per cent to 21.95 lakh units from 19.90 lakh units in the previous year. Scooter sales increased by 21 per cent to 19.04 lakh units as against 15.70 lakh units in the year ended March 2024.Electric vehicle sales grew by 44 per cent, registering 2.79 lakh units in 2024-25 compared to 1.94 lakh units in 2023-24. TVS Motor now has more than five lakh electric vehicle customers. Three-wheeler sales for the fiscal year were 1.35 lakh units compared to 1.46 lakh units in the previous year.For the quarter ended March 2025, overall two-wheeler and three-wheeler sales including exports grew by 14 per cent to 12.16 lakh units compared to 10.63 lakh units in the same quarter of 2023-24. Motorcycle sales for the quarter grew by 10 per cent to 5.64 lakh units from 5.11 lakh units, while scooter sales rose by 27 per cent to 5.02 lakh units from 3.96 lakh units.Electric vehicle sales for the quarter increased by 54 per cent, recording 0.76 lakh units compared to 0.49 lakh units during the quarter ended March 2024. Three-wheeler sales during the quarter grew by 21 per cent to 0.37 lakh units as against 0.30 lakh units in the same period of the previous year.