March 2026 proved to be a high-impact month for TVS Motor Company, with the brand registering total sales of 3.72 lakh units—marking a robust 25% year-on-year growth and a steady 2% month-on-month increase. The performance reflects a well-balanced portfolio strategy, where scooters, commuter motorcycles, EVs, and mopeds all contributed meaningfully to volume expansion.
Here is a model-wise breakup of March’26 volumes:
Overall Performance
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Total Sales (Mar-26): 3,72,383
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YoY Growth: +25% (strong expansion vs Mar-25)
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MoM Growth: +2% (steady, moderate increase vs Feb-26)
TVS is showing robust annual growth with stable monthly momentum.
Scooters Segment
Key contributors:
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Jupiter: 1,24,771 units | +18% YoY | -2% MoM
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Ntorq: 32,598 units | +49% YoY | +2% MoM
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Zest: 9,724 units | +25% YoY | +7% MoM
Insights:
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Jupiter remains the volume leader but saw a slight monthly dip.
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Ntorq is a standout performer with strong YoY growth, indicating rising demand in sporty scooters.
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Overall scooter portfolio is healthy and expanding.
Motorcycles Segment
Top performers:
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Apache: 47,081 units | +6% YoY | +4% MoM
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Raider: 37,345 units | +21% YoY | +3% MoM
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Radeon: 15,330 units | +52% YoY | +14% MoM
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Sport: 10,905 units | +54% YoY | +13% MoM
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Ronin: 8,108 units | +61% YoY | -1% MoM
Insights:
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Radeon & Sport are high-growth entry-level drivers.
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Raider continues to scale strongly in the commuter-premium space.
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Apache is stable but comparatively slower growing.
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Ronin shows strong yearly traction but slight monthly softness.
Concern:
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Star City: collapsed to just 5 units (-100% YoY) → likely phase-out or supply issue.
Electric Segment
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iQube Electric: 38,757 units | +46% YoY | +2% MoM
Insight:
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EV growth remains very strong, reinforcing TVS’s position in the electric scooter market.
Performance / Premium
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RR310: 1,567 units | +1467% YoY | +1% MoM
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Massive YoY jump likely due to low base last year, but indicates growing traction in premium bikes.
Moped Segment
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XL Super: 46,192 units | +31% YoY | +2% MoM
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Mopeds remain a reliable volume backbone, especially in rural markets.
Key Takeaways
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Growth Drivers: Ntorq, iQube, Radeon, Sport, Raider
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Weak Spot: Star City (near-zero sales)
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Stable Anchors: Jupiter, Apache, XL Super
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Future Trend: Strong EV adoption led by iQube
