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TVS and Suzuki Post Record October Two-Wheeler Sales on Festive Demand and Export Strength

TVS warned of magnet shortages that could curb EV availability in the near term.

Overview

  • TVS reported its highest-ever monthly total at 543,557 units in October 2025, up 11% year over year.
  • Within TVS, motorcycles rose 16% to 266,715 units, scooters grew 7% to 205,919, and EVs increased 11% to 32,387 units.
  • TVS exports advanced 21% to 115,806 units, and three-wheeler volumes jumped about 70% to 18,407 units.
  • Suzuki Motorcycle India dispatched 129,261 units for an 8% annual gain, alongside record retail sales of 140,679 units.
  • Suzuki’s exports surged 71% to 25,807 units as domestic wholesales eased to 103,454, with healthy spare-parts revenue and a new 3S dealership in Roorkee supporting retail traction.