TVS Motor slips after weak monthly sales

TVS Motor Company fell 3.51% to Rs 354.70 at 14:49 IST on BSE after the company reported a 12.98% decline in total vehicles sales to 2.79 lakh units in July 2019 over July 2018.

The announcement was made during market hours today, 1 August 2019.

Meanwhile, S&P BSE Sensex was down 748.39 points or 2% at 36,732.73.

On BSE, 1.15 lakh shares were traded in TVS Motor Company counter, compared to a 2-week average of 1.31 lakh shares. The stock hit an intraday high of Rs 366.40 and an intraday low of Rs 354.10. It hit a 52-week high of Rs 604 on 21 September 2018 and a 52-week low of Rs 340.30 on 31 July 2019.

 

Total two-wheeler sales declined by 13.7% to 2.65 lakh units while total exports fell 3.11% to 69,994 units in July 2019 over July 2018.

The firm's three wheeler sales, however, grew by 3% to 13,786 units during the period under review.

TVS Motor Company's consolidated net profit fell 5.6% to Rs 146.40 crore on a 8.7% increase in net sales to Rs 5,018.34 crore in Q1 June 2019 compared with Q1 June 2018.

TVS Motor Company is a two and three-wheeler manufacturer firm and a flagship of the TVS Group.

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