Page 11 - Tvs Motor Company

TVS to acquire 48% stake in two-wheeler startup DriveX for Rs 85 cr

TVS Motor Company on Wednesday said it will acquire 48 per cent stake in Narain Karthikeyan's pre-owned two-wheeler startup 'DriveX' for a consideration of Rs 85 crore. The company said it will acquire 48.27 per cent stake in NKars Mobility Millennial Solutions Pvt Ltd (NMMSPL), which operates under the brand DriveX', through primary and secondary investments. Founded by Formula 1 driver Karthikeyan, DriveX is into leasing of two-wheeler motorcycles and scooters and selling, trading, and distributing pre-owned two-wheeler motorcycles and scooters. "DriveX has a vision to bring a change in this segment by building trust, assurance, and transparency through end-to-end, high-quality products and customer experience through innovative solutions. We are confident of DriveX ability to deliver on this vision," TVS Motor Company Managing Director Sudarshan Venu said in a statement. DriveX Founder and CEO Karthikeyan said DriveX is a digital first business, serving all brands with ...

Stocks to Watch: ITC, Zomato, Eicher Motors, Hero Moto, Voltas, Telcos

Stocks to Watch today: Cigarettes-to-hotels major ITC on Monday reported a 33.98 per cent year-on-year (YoY) jump in its consolidated net profit, which came in at Rs 4,389.76 crore

TVS Motor back in black, Q1 consolidated net profit zooms to Rs 305 crore

Motorcycle sales registered 4.34 lakh units against 4.05 lakh units in the quarter ended June 2021.

TVS Motor posts net profit of Rs 297 cr in Q1; total income rises 57%

TVS said it recorded the highest two-wheeler exports of 296,000 units in the first quarter compared to 290,000 units a year ago

TVS Motor to ride strong on profitability gains in FY23: Brokerages

Volume recovery, market-share gains, and EV plans are other triggers

TVS Motor launches Ronin motorcycle for premium lifestyle segment

Ronin motorcycle will have technology like voice assistance and enhanced connectivity and it will have an exclusive range of branded merchandise and custom accessories, TVS Motor Company said

TVS Motor Co reports 22% rise in total sales at 308,501 units in June

Total two-wheelers sales grew 23 per cent last month at 2,93,715 units as against 2,38,092 units in June 2021, it added.

TVS to bet on electric vehicles; to come up with 5-25-kW products

TVS Motor Company is coming up with multiple products in the two- and three-wheeler segments

Planning to reshuffle your portfolio? These 5 stocks may pump up gains

ITC, Varun Beverages, TVS Motor Company, Coromandel International and Hindustan Aeronautics can rally up to 25 per cent, technical charts suggest

Stocks to Watch: eMudhra, REC, Voda Idea, TVS Motor, HUL, Delhivery, YES Bk

Stocks to Watch Today: ICICI Bank and Axis Bank too will be in focus as global rating agency Moody's has upgraded the two private bank's baseline credit assessments (BCA) and deposit ratings to "baa3"

TVS Motor Company buoyant on hopes of volume and margin expansion

Plans in EV space is another trigger; but investors should await better entry point

Here's why Vinay Rajani recommends buying TVS Motors, Bharat Electronics

The technical analyst from HDFC Securities expects near-term support for the Nifty at 16,300, below which it can slide to 16,000-mark.

TVS Motor aims to build sustained dominant play in EV sector via PLI scheme

TVS Motor Company aims to build a "sustained dominant play" in the electric vehicle segment by leveraging various government initiatives like production-linked incentive scheme, among others

TVS appoints Sudarshan Venu as MD, elevating chairman emeritus' son

Automobile company announces leadership role as net profit dips 5 per cent in March quarter.

TVS Motor April sales rise 24% to 295,308 units; exports increase 6%

TVS Motorcycle sales grew by 4%, from 133,227 units in April 2021 to 139,027 units in April 2022

TVS Motor partners Rapido to expand reach in mobility, hyper-local segments

TVS Motor Company on Wednesday said it has entered into a strategic partnership with on-demand delivery and mobility platform, Rapido for mobility and growth

TVS Motor Co signs deal with Rapido to strengthen hyperlocal mobility biz

By signing this MOU, TVS Motor and Rapido are bringing together their strength in mobility and seamless technology platform, respectively, to deliver a winning proposition to this demanding user base

TVS Racing, Petronas join hands to launch co-branded lubricant oil

The tie up will target the domestic market for now

TVS Motor announces £100 mn investment in UK's Norton Motorcycle

Company makes a commitment for additional funding on the sidelines of Boris Johnson's India visit

Jio-bp and TVS Motor Company to collaborate on EV solutions

Under this proposed partnership, the customers of TVS electric vehicles are expected to get access to the widespread charging network of Jio-bp, which is also open to other vehicles