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The two-wheeler industry has the potential to grow at 8-9 per cent CAGR in the long term, drawing from the momentum of GST rate cut, government's spending on infrastructure and overall growth of the economy, according to TVS Motor Company CEO KN Radhakrishnan. The first half of the next year is also expected to be "very good" in terms of sales growth, as the benefits of the GST rate cut will continue to come into the industry, he told analysts. "Overall, I'm a firm believer that 8 per cent to 9 per cent as a CAGR, you can look at on a long-term basis...," Radhakrishnan said when asked about the growth prospects of the two-wheeler industry for the next fiscal on the back of strong performance in Q3. In Q4, the benefit of the GST rate cut, which was implemented on September 22 last year, will be seen, he added. "The first half of the next year (fiscal) is also going to be very good because the benefits will come into the industry," he noted. While not sharing an exact forecast for t
Indian automotive firm TVS Motor Company is looking to enter more markets in Europe, including Spain and Portugal, as part of its global footprint expansion, according to its Chairman Sudarshan Venu. The company, which made its debut at the global two-wheeler exhibition EICMA 2025 here unveiling six new products across ICE and electric powertrains, feels that with an expanding portfolio it is time for it to tap 'industrialised markets', Venu told PTI in an interview. "I think it is the beginning of TVS' progress towards industrialised markets. Typically, we are focused on emerging markets," he said when asked about the company's focus on Europe. At EICMA 2025, the company showcased the TVS Tangent RR Concept, a supersport bike; electric motorcycle concept TVS eFX three O; TVS M1-S, the company's first electric maxi scooter; TVS Apache RTX 300, a new adventure tourer bike; a born-electric bike TVS X and TVS RTR HyprStunt Concept, an urban sports motorcycle. The TVS Apache RTX 300 is
TVS Motor Company on Saturday reported an 11 per cent growth in sales at 5,43,557 units in October 2025 as against 4,89,015 units in the same month last year. Total two-wheelers sales grew by 10 per cent to 5,25,150 units last month as compared to 478,159 units in October 2024, the company said in a statement. Domestic two-wheeler sales were at 4,21,631 units as against 3,90,489 units in the year-ago month, up 8 per cent, it added. Motorcycle sales were up 16 per cent at 2,66,715 units in October 2025 from 2,30,822 units in the same month last year. Scooter sales grew by 7 per cent to 2,05,919 units last month from 1,93,439 units in October 2024. Electric vehicle sales were at 32,387 units in October 2025 as against 29,308 units in October 2024, registering a growth of 11 per cent, the company said. "While the retails continue to be robust, magnet availability continues to pose challenges in the short to medium term," it added. TVS said its sales in international business registe