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TVS recorded total worldwide volumes of 5.46 million units with a 20.7 per cent increase over the 4.52 million units achieved in 2024
Electric mobility, premium motorcycles and overseas expansion are key to TVS Motor Company’s volume growth and the brand has understood it all too well. The manufacturer has built a strong position in India’s electric two wheeler segment with yearly output approaching five lakh units and is assessing additional production capacity to keep pace with rising demand.
At the same time, it is consolidating its presence across Africa, Latin America, Southeast Asia, the Middle East and parts of Europe to strengthen its global footprint. In 2025, TVS recorded total worldwide volumes of 5.46 million units with a 20.7 per cent increase over the 4.52 million units achieved in 2024.
It has enabled the Hosur-based company to move ahead of Yamaha Motor which reported around 5 million units for the year – up just 0.8 per cent from 4.96 million units previously. With this performance, TVS now occupies third place in global two wheeler sales. Honda Motor continues to lead the industry with 16.44 million units sold in 2025 with 6 per cent growth on a year on year basis.
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Hero MotoCorp, meanwhile, remains second, posting 6.25 million units with a 5.2 per cent rise compared to 2024. TVS entry into the top three means two Indian manufacturers now feature among the world’s largest. A major contributor to TVS growth trajectory has been changing consumer preference toward higher capacity motorcycles. Demand in India has increasingly gravitated toward models above 150 cc and the company has expanded its offerings in this space to capture them.
Alongside premium offerings, it continues to generate consistent volumes from commuter motorcycles and mopeds. TVS currently ranks third in India by market share – contributing close to one fifth of industry sales. Yamaha’s path has unfolded differently as the Japanese brand has concentrated more on select segments and gradually stepped away from certain high volume categories over time.
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In addition, a significant portion of its sales originates in developed markets where overall demand growth tends to be more moderate than in emerging economies. The brand is focussing on further stretching its legs into new territories courtesy of the high-end Norton brand.
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