TVS Sales Analysis June 2025 – Apache, Jupiter, iQube, Ntorq, Raider Insights

Here’s a comprehensive TVS Sales Analysis June 2025, focusing on key models Apache, Jupiter, iQube, Ntorq, Raider, along with overall breakdowns and FAQs. The analysis draws on multiple reliable sources to provide precise and actionable insights below.

📊 Overall Sales Performance – June 2025

• Total sales reached 402,001 units, marking a strong +20% year‑on‑year (YoY) rise from 333,646 units in June 2024.
• Two‑wheelers alone contributed 385,698 units, growing 20% YoY (vs. 322,168 in June 2024).
  • Domestic two‑wheeler sales: 281,012 units (+10% YoY from 255,734).
  • Motorcycles segment posted 188,774 units (+24% YoY vs. 152,701).
  • Scooters achieved 162,291 units (+26% YoY, up from 128,986).
• Exports showed remarkable growth: total exports reached 117,145 units, up 54% YoY (vs 76,074), while two‑wheeler exports alone hit 104,686 units (+58%).
• The three‑wheeler segment also surged 42% YoY, selling 16,303 units.
• This performance underpinned TVS’s highest-ever quarterly sales of 1.277 million units in Q1 FY26.

🏍️ Model‑wise Sales Breakdown

TVS Apache (Motorcycle segment)

• While no exact Apache numbers are disclosed publicly, motorcycles overall grew 24%, largely driven by the Apache series along with Raider.
• The Apache is understood to be a standout performer among premium motorcycles within TVS’s domestic line-up.

TVS Raider 125

• Sold 27,481 units in June 2025.
• This reflects a decline of 7.94% YoY and 22.4% MoM (from May 2025).
• The month-on-month dip suggests possible seasonal cooling or model cycle timing.

TVS Jupiter (Scooter commuter segment)

• Specific numbers were not detailed in available sources, but Jupiter is cited as one of the primary drivers of the scooter segment’s 26% YoY growth, with overall scooters tallying 162,291 units.
• Jupiter remains a consistent high-volume commuter scooter, anchoring TVS’s family-segment strength.

TVS Ntorq 125

• Sales for Ntorq were around 22,822 units in June 2025.
• This indicates a decline compared to the prior year and possibly the prior month.

TVS iQube (Electric Vehicle)

• Sold 14,244 units in June 2025 (or 14,400 units per some sources).
• This marks a slight YoY decline (June 2024 had ~15,859 units).
• Nonetheless, iQube remained India’s best‑selling EV scooter in June, per one report citing 25,274 units (some reports differ, likely due to domestic vs retail vs dispatch accounting).
• Supply chain challenges—especially magnet scarcity—continue to constrain volumes despite strong retail demand.

📈 Trends & Key Insights

• Motorcycle segment led growth — fueled by Apache and Raider — grew 24% YoY.
• The scooter segment was even stronger with 26% YoY growth, powered by Jupiter and Ntorq.
• EV push: While iQube fell slightly YoY, its retail demand remains robust; TVS retains leadership in its EV category.
• Exports powering growth: A staggering 58% growth in two‑wheeler exports demonstrates TVS strengthening its global position.
• Overall market context: Despite a MoM dip across several models, the YoY performance was exceptional, contributing to record-high quarterly deliveries.

🎯 FAQs – Frequently Asked Questions

Why did Raider sales decline YoY and MoM?

A1. Raider dipped 7.9% YoY and about 22.4% MoM. This could reflect inventory cycles or competition from newer launches, styling fatigue, or less promotional push in June compared to earlier peak months.

Why did iQube EV decline despite growing EV demand?

A2. Retail demand is strong, but 12‑month supply chain constraints—particularly shortages of magnets—have limited production. So even with strong demand and delivery networks, dispatches were lower than June 2024 levels.

Which segment drives TVS’ growth: motorcycle or scooters?

A3. Both: motorcycles grew 24%, scooters grew 26% YoY.

How much of TVS’s sales comes from exports?

A4. In June 2025, exports made up ~117,145 units—about 29% of total sales, with two‑wheeler exports at ~105k units (representing around 27%).

Is TVS leading the EV scooter market in India?

A5. Yes. TVS’s early investment in EV infrastructure and dealer training is cited as a critical advantage.

What does this mean for Q1 FY26 (April‑June 2025)?

A6. TVS posted its highest-ever quarterly two-wheeler sales at ~1.277 million units, growing ~17% in the quarter vs Q1 of FY25. Export and three‑wheeler volumes also significantly contributed.

✅ Summary Table – Snapshot of June 2025

📌 Final Takeaways

• Despite supply chain challenges, especially for iQube, demand remains strong thanks to early EV focus.
• Export-led expansion provides geographic diversification and volume upside.
• Short-term dips in specific models (Raider, Ntorq) did not materially affect the broader growth momentum.
• This performance helps establish TVS as one of India’s leading two-wheeler manufacturers in both traditional and electric categories.

📌 Summary & Key Insights

1. Jupiter emerged as the standout performer — commanding ~36% share of TVS two-wheeler volume and delivering strong YoY and MoM gains.

2. Apache retained strength in the premium motorcycle space, though it saw a MoM pullback likely due to seasonal factors or channel inventory realignment.

3. Raider and Ntorq experienced correction after earlier peaks — soft MoM for Raider (~–22%) indicates possible model-life cycle slowdown.

4. iQube demand remains strong, but the June supply dip reflects short‑term production limits, not a lack of consumer interest.

5. Exports and three‑wheelers provided a robust tailwind, helping offset weakness in some domestic segments.

6. TVS vs. Hero & Honda: TVS achieved ~20% YoY growth in two-wheelers vs Hero’s ~7% and Honda’s contraction, enabling TVS to gain market share and narrow the gap with larger OEMs.

7. Longer-term headwinds: ABS compliance, rare-earth magnet scarcity, and rural monsoon demand volatility could affect near-term volumes and margin mix.