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
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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.
Becomes first Indian industrialist to be bestowed with award for contributions in the field of TQM
As part of the tie up, Cadisa, a major business group across Guatemala and El Salvador, will facilitate the opening of 15 flagship outlets for TVS Motor in a phased manner
TVS Motor sold 168,000 mopeds during Q2, against 241,000 units during the same period last year
In doing so, Bajaj has become the first internal combustion engine two-wheeler company to launch an all-electric two-wheeler in India
The decision comes as there is speculation that the govt of Karnataka could ban two-stroke three-wheelers from end-April 2020
TVS Motor Company, the country's only manufacturer of mopeds, says it's committed to keep manufacturing the multi-utility vehicle.