TVS Motor anticipates a surge in demand following the GST rate reduction

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KOLKATA: TVS Motor Company anticipates a surge in demand following the GST rate cut on the automobile sector, and the company is prepared to meet it, an official said on Friday. The announcement coincided with the launch of a new 150 cc scooter in the city, aimed at the younger generation of riders.

“The reduction of GST on automobiles from 28% to 18% is a significant boost and is likely to drive a spike in demand. TVS has the production capacity to handle this increase,” said Aniruddha Haldar, Senior VP of Commuter and EV Business at TVS Motor.

Haldar highlighted that TVS is India’s third-largest two-wheeler manufacturer, operating in both internal combustion engine (ICE) and electric vehicle (EV) segments. As of August 2025, the company holds a market share of 20% in the ICE segment and 26% in EV two-wheelers, where it is a market leader.

“With manufacturing facilities in Mysore, Himachal Pradesh, and Tamil Nadu, we are well-equipped to meet the expected rise in demand,” Haldar added.

TVS currently offers two-wheelers across 100 cc, 110 cc, 125 cc, 150 cc, 200 cc, 225 cc, and 300 cc segments, along with mopeds that record sales of around 40,000 units per month.

Reflecting on industry trends, Haldar noted that the 2018-19 fiscal year witnessed the highest two-wheeler sales volume at 21 million units. He emphasized that the company continues to focus on consumer needs by offering products equipped with value-added technology.

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