The company's Ebidta margin improved by 50 basis points to 9.3 per cent from 8.8 per cent in Q2FY20, due to strong focus on cost reduction initiatives taken by the company
According to the monthly sales data, TVS Motors sold 8.67 lakh units in Q2FY21
Two-wheeler stocks such as TVS Motor, Hero MotoCorp, and Bajaj Auto were among the top gainers on the Nifty Auto index, surging up to 1.6 per cent in the intra-day deals on the National Stock Exchange
Launched in 2005, the TVS Apache series is one of the fastest-growing premium motorcycle brands in the country, with a strong presence across global markets
The last four months of 2020 include various auspicious occasions such as Navratri, Dussehra, Diwali, etc, hence, consumer's discretionary purchases rise in such months
Venu Srinivasan expects the market to overcome the supply chain problem during the second quarter of the year
TVS Motor's stock has failed to surpass the resistance zone of the long-term moving average on the daily chart
TVS Motor Co is continuing with its cost reduction efforts of previous quarters, the company's management told analysts last month
Expected demand pick-up in tier-II and tier-III cities as well as preference for personal mobility amid the Covid-19 health concerns are the top two factors that would drive the demand, analysts say.
While the company expects to outdo the industry on domestic sales and exports, its capex in the current year is likely to come down substantially
All that happened in the markets today
The company said it had successfully transitioned to BS-VI
According to the monthly sales update, TVS Motors sold 6.32 lakh units during the quarter
The company has acquired Britain''s most iconic sporting motorcycle brand Norton in an all-cash deal for Rs 153 crore.
The Nifty Auto index has plunged 41.7 per cent since February 3, 2020 as compared to 29.5 per cent fall in the Nifty50 index
Analysts fear that sales volume in the month of March and April could decline significantly due to the lockdown until April 14 amid the outbreak of coronavirus (Covid-19) pandemic.
The company reported a 15.4 per cent drop in its total sales at 253,261 units in February 2020.
Margins are likely to tick up as a result of product mix and low raw material cost while negative operating leverage will cap the gains
A total of 105 companies, including Bharti Airtel, TVS Motor , and Titan are scheduled to announce their December quarter results
TVS Motor Company, the only company in India to manufacture mopeds, said exports dropped by nearly 40 per cent.