Given the development, industry insiders say that the 1-million-unit target this fiscal year may not be achieved
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TVS Motor Company on Wednesday said its vehicle sales grew 3 per cent in the domestic market at 2,75,115 units in January. The company posted its vehicle sales at 2,66,788 units in the year-ago period. Its total two-wheeler sales registered a growth of 4 per cent at 2,64,710 units in January from 2,54,139 units last year, aided by a 29 per cent growth in the domestic two-wheeler sales, which stood at 2,16,471 units in the reporting month, the company said in a statement. In the two-wheeler sales, motorcycle sales volume dropped 12 per cent at 1,21,042 units in the previous month as against 1,37,630 units in 2022. Scooter sales, however, was up 32 per cent at 1,06,537 units during the month under review from 80,580 units last year, TVS said. The electric scooter iQube recorded its highest-ever sales of 12,169 units last month as against sales of 1,529 units in January 2022, according to the company. The total sales in the overseas market reported a sharp declined of 42 per cent ..
Domestic demand is expected to improve sequentially in 4Q, supported by better rural market sentiment on the back of strong rabi crop sowing and higher MSPs.
TVS', which operates in 80 countries including South Africa, Argentina and Sri Lanka, revenue from operations rose to Rs 6,545 crore from Rs 5,706 crore
Coal India, SBI and Adani Enterprises continue to trade with a robust bullishness, while TVS Motor and Bajaj Finance seem to be struggling to hold their ground, technical charts show.
Firm is in also in talks with various state govts to set up a third plant, which when completed, is likely to have a capacity of a million units a year
Sector to see volume, margin gains on demand uptick, easing supply issues
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Revenue from operations up 32% to Rs 8,561 cr; chip shortage hinders an even better show
Total expenses climbed 27.2% to Rs 66.71 billion
TVS Motor Company Sales Grows by 2 percent in October 2022
On the other hand, Bajaj-Auto and Hero Moto Corp need to adhere their key supports levels to keep the positive bias intact.
Firm's CEO K Sukumar indicates that the rise in domestic consumption and growth in end-user industries has insulated the sector from the meltdown
The company said it has had a robust start to the festive season and the demand is expected to further accelerate during the season.
TVS has seen the highest earnings upgrades among auto makers over the last few months
Domestic two-wheeler registered a growth of 16 per cent, with sales increasing from 244,084 units a year ago to 283,878 units in September 2022
Two and three-wheeler major TVS Motor Company has signed a memorandum of understanding with The Foreign, Commonwealth and Development Office to offer Chevening TVS Motor Company Scholarships to candidates who show great potential to become decision-makers, the company said on Thursday. The Chevening Programme, is a scholarship programme that aims to attract select students around the world who demonstrate greatest potential to become leaders, decision-makers in their own country. The United Kingdom government's global scholarship programme is awarded to those individuals with strong academic backgrounds who can also demonstrate their leadership potential, a company statement said here. "At TVS Motor Company it has been our endeavour to create future leaders and support them in their journey. Our collaboration with FCDO and the Government of United Kingdom is a testimony to this commitment," TVS Motor Company MD, Sudarshan Venu said. "This partnership is an unique opportunity for th
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At 10:59 am; TVS Motor Company's market capitalisation stood at Rs 50,312 crore, the BSE data shows.