Brands
TVS Motor Company’s sales grow by five per cent in June 2024
Mumbai: TVS Motor Company recorded monthly sales of 333,646 units in June 2024 with a growth of five per cent as against 316,411 units in the month of June 2023.
Two-Wheeler
Total two-wheelers registered a growth of six per cent with sales increasing from 304,401 units in June 2023 to 322,168 units in June 2024. Domestic two-wheeler registered growth of eight per cent with sales increasing from 235,833 units in June 2023 to 255,734 units in June 2024.
Motorcycle registered a growth of three per cent with sales increasing from 148,208 units in June 2023 to 152,701 units in June 2024. Scooter registered a growth of six per cent with sales increasing from 121,364 units in June 2023 to 128,986 units in June 2024.
Electric Vehicle
EV sales registered a growth of 10 per cent with sales increasing from 14,462 units in June 2023 to 15,859 units in June 2024.
International Business
The Company’s total exports registered sales of 76,074 units in June 2024 as against 79,144 units in June 2023. Two-wheeler exports registered sales of 66,434 units in June 2024 as against 68,568 units in July 2023. Customer retails are robust. However, There have been challenges in container availability due to prevailing conditions in the Red Sea.
Three-Wheeler
Three-wheeler registered sales of 11,478 units in June 2024 as against 12,010 units in June 2023.
First Quarter Sales Performance FY 2023-24:
During the first quarter of the financial year 2024-25, two-wheeler of the company registered a growth of 15 per cent with sales increasing from 9.18 Lakh units in the first quarter of financial year 2023-24 to 10.56 Lakh units in the first quarter of 2024-25. Three-wheeler of the company registered sales of 0.31 Lakh units in the first quarter of financial year 2024-25 as against 0.35 Lakh units in 2023-24. Total exports registered a growth of 12 per cent with sales increasing from 2.27 Lakh units in the first quarter of FY 2023-24 to 2.54 Lakh units in the current quarter.
Brands
Lululemon picks former Nike executive to be its next chief
Heidi O’Neill, who helped grow Nike into a $45 billion giant, will take the top job in September
CANADA: Lululemon has found its next chief executive, and she comes with serious credentials. The athleisure giant named Heidi O’Neill as its new CEO on Wednesday, ending a search that has left the company running on interim leadership since earlier this year. O’Neill will take charge on September 8, 2026, based out of Vancouver, and will join the board on the same day.
O’Neill brings more than three decades of experience across performance apparel, footwear and sport. The bulk of that time was spent at Nike, where she was a central figure in one of corporate sport’s great growth stories, helping take the company from a $9 billion business to a $45 billion global powerhouse. She oversaw product pipelines, brand strategy and consumer connections, and played a significant role in shaping how Nike spoke to athletes around the world. Earlier in her career, she worked in marketing for the Dockers brand at Levi Strauss. She also brings boardroom experience from Spotify Technology, Hyatt Hotels and Lithia and Driveway.
The board was unequivocal in its enthusiasm. “We selected Heidi because of the breadth of her experience, her demonstrated success delivering breakthrough ideas and initiatives at scale, and her ability to be a knowledgeable change and growth agent,” said Marti Morfitt, executive chair of Lululemon’s board.
O’Neill, for her part, was bullish. “Lululemon is an iconic brand with something rare: genuine guest love, a product ethos rooted in innovation, and a global platform still in the early stages of its potential,” she said. “My job will be to accelerate product breakthroughs, deepen the brand’s cultural relevance, and unlock growth in markets around the world.”
Until she arrives, Meghan Frank and André Maestrini will continue as interim co-CEOs, before returning to their previous senior leadership roles once O’Neill steps in.
Lululemon is betting that a Nike veteran who helped build one of the world’s most powerful sports brands can do something similar for an athleisure label that has genuine love from its customers but is still chasing its full global potential. O’Neill has done it before at scale. The question now is whether she can do it again.
