TVS Motor Company Ltd News

TVS Motor records 20% rise in Sep sales by retailing 4,82,495 units

Two and three wheeler major TVS Motor company has garnered a 20 per cent sales in September by retailing 4,82,495 units, the company said on Tuesday. The city-headquartered company had registered sales of 4,02,553 units during the same month of last year. Sales of electric vehicles last month surged by 42 per cent to 28,901 units, from 20,356 units sold in the same month of last year. Total two-wheeler sales recorded a 22 per cent growth to 4,71,792 units in September 2024, as compared to 3,86,955 units in same month of last year. Sales of two-wheeler in domestic market went up by 23 per cent to 3,69,138 units, from 3,00,493 units sold in September 2023. Sales of motorcycles in September 2024 grew by 23 per cent to 2,29,268 units, as against 1,86,438 units sold in corresponding month of last year. Scooter sales saw 20 per cent growth to 1,86,751 units in September 2024 from 1,55,526 units in September 2023. On the exports front, the company witnessed an 11 per cent growth in sale

Auto index hits record as MSIL surges 5%, M&M, Bajaj Auto hit life highs

Thus far in calendar year 2024, the BSE Auto index has surged 46 per cent, compared to the 18 per cent rally in BSE Sensex.

August auto sales impact: Hero, Eicher, and Maruti gain; TaMo, TVS slip

Automaker Tata Motors saw an 8.1 per cent drop in total sales for August 2024, totaling 71,693 vehicles compared to 78,010 units in August 2023.

TVS Motor sales up 13% in Aug at 391,588 units; exports grow by 13%

TVS Motor Company on Sunday said its total sales increased 13 per cent year-on-year to 3,91,588 units in August as compared with the same month last year. The company had dispatched 3,45,848 units to its dealers in the same month last year, TVS Motor Company said in a statement. Total two-wheeler sales last month stood at 3,78,841 units as against 3,32,110 units recorded in August 2023, a growth of 14 per cent. Two-wheeler sales in the domestic market grew 13 per cent year-on-year to 2,89,073 units last month from 2,56,619 units in August 2023. Total exports registered a growth of 14 per cent with sales increasing from 87,515 units in August last year to 99,976 units last month.

TVS Motor's new 'Jupiter' is significant upgrade, says UBS; raises target

UBS believes TVS Motor's New Jupiter is a significant upgrade over the old model and peers

TVS Motor Company's new launch drives shares to 52-week high; details

The surge in the stock price of TVS Motor company followed the news of the launch of its new product, TVS Jupiter 110

Confident of outperforming industry in domestic, global markets: TVS Motor

TVS Motor Company expects to grow faster than the competition across domestic and international markets this fiscal riding on the back of new product launches and strengthening of operations across key regions, according to CEO KN Radhakrishnan. He noted that in the domestic market, the company expects growth momentum to continue with normal monsoons likely to add strength to the rural markets. In international markets, Radhakrishnan exuded hope to perform better in key markets like Africa this year while expanding operations in other regions like the Middle East and Latin America. "Our strong product portfolio; our unwavering focus on the consumers, quality, new products and attractive quality and technology, we are confident that we will outperform the industry both in the domestic and international markets," Radhakrishnan said in an analyst call. He noted that the growth momentum is likely to be maintained with the budget focusing on employment generation, continued higher ...

TVS Motor, Aurobindo Pharma: Top picks by Chandan Taparia of Motilal Oswal

On the daily chart TVS Motor's price has broken out on the upside from an ascending triangle with higher-than-average buying volumes

Valuations factor in strong earnings growth, better margins for TVS Motor

The strong earnings growth and margin improvement are reflected in the current valuation of 44 times price to price-to-earnings ratio on FY25 earnings

TVS Motor stock hits all-time high, jumps 5% on healthy June qtr earnings

With normal monsoon expected for this fiscal, TVS expects rural recovery to drive sustained momentum for the industry in the coming quarters.

Uptick in rural demand to propel two-wheeler industry: TVS Motor chairman

The domestic two-wheeler segment will continue on growth path in the current fiscal on the back of factors like normal rainfall and uptick in rural demand, according to TVS Motor Chairman Ralf Speth. Speaking at the company's annual general meeting (AGM), he noted that in partnership with BMW Motorrad, TVS will be working on design and development of additional new vehicles for the global markets. "With a young, intelligent, thriving workforce the nation is well-positioned to leverage its advantages. I am also convinced that India can benefit from major shifts in the geo-political, geo-economic, environmental and social landscape. India can go its own way. India can overtake," Speth stated. He noted that the company expects the domestic two-wheeler industry to continue to grow in FY25 on the back of strong economic indicators, including normal rainfall and uptick in rural demand. "Our focus on EVs - as one of our future growth enablers - fits perfectly with our 2030 vision," he ...

TVS Motor posts 23% rise in Q1 net profit; faces Bangladesh 'challenge'

Electric scooter sales for the quarter ended June 2024 are at 52,000 units as against 39,000 units in the quarter ended June 2023

TVS Motor Q1FY25 results: PAT rises 23.5% to Rs 577 cr on strong demand

TVS Motor's earnings before interest, taxes, depreciation and amortization margin rose to 11.5 per cent from 10.6 per cent a year ago

Auto index skids 2% on tepid July sales; Maruti, TaMo, Eicher slip up to 5%

Auto stocks update: The overall wholesale volume performance was subdued in July 2024 with some segments like PV, CV and select two-wheeler players' volume reporting weak sales volume.

TVS Motor's sales grow by 9% to 354,140 units in July, EV sales up 61%

TVS Motor Company on Thursday reported a 9 per cent increase in total sales at 3,54,140 units in July as compared to 3,25,977 units in the same month last year. Total two-wheelers sales were at 3,39,676 units during the month under review against 3,12,307 units in July 2023, a growth of 9 per cent, TVS Motor Co said in a statement. Domestic two-wheeler sales grew 8 per cent to 2,54,250 units in July over 2,35,230 units in the year-ago period. TVS Motor Co said its motorcycle sales in July registered a growth of 5 per cent at 1,61,074 units as compared to 1,53,942 units in the same month last year. Scooter sales grew 15 per cent to 1,39,995 units in July 2024 from 1,21,941 units in July 2023. Electric vehicle sales rose 61 per cent to 21,442 units last month against 13,306 units a year ago. Three-wheeler sales increased 6 per cent to 14,464 units in July 2024 from 13,670 units in the same month last year. Last month, the company said, its total exports climbed 9 per cent to 97,589

Bajaj Auto, TVS lead the charge in electric two-wheeler sales surge

The volume push was led by Bajaj, which saw its vehicle registrations go up by a staggering 79 per cent to hit 16,269 in July over the previous month

TVS to invest 200 mn pounds in Norton Motorcycles; India launch on plan

The Solihull, UK-based company seeks to expand in the US, Germany, France, Italy, and India, TVS said

Affordable models take Bajaj, TVS closer to Ola Electric in e2W market

In July, their combined share surges past Ola's

After launch of Bajaj Freedom 125, TVS may roll out its own CNG bike

The CNG fuel option in the commuter segment offers a reduced fuel bill for the consumer

TVS Motor unveils Apache RTR 160 Racing Edition, priced at Rs 128,000

Two- and three-wheeler maker TVS Motor Company on Wednesday widened its product portfolio with the launch of its popular motorcycle TVS Apache 2024 RTR 160 Racing Edition at Rs 1.28 lakh (ex-showroom Delhi). Equipped with a host of features, the motorcycle comes with an exclusive matte black colour, red alloy wheels, three ride modes -- sport, urban and rain, digital Liquid Crystal Display (LCD) cluster and LED head and tail lamps, among others. "The TVS Apache series has consistently led the way in innovation, and bringing state-of-the-art technology to enthusiasts. With a robust community of 5.5 million TVS Apache riders worldwide, the launch underscores the company's dedication to delivering aspirational products that reflect TVS Motor's racing heritage and engineering excellence," company head, Business - Premium, Vimal Sumbly said in a press release. "..the all new 2024 TVS Apache RTR 160 Racing Edition is ready to set new standards in its segment, offering unmatched performanc