Page 10 - Tvs Motor

TVS Motor Q4 results: Profit up 21% at Rs 336 cr, revenue at Rs 8,031 cr

TVS Motor Company on Thursday said its consolidated net profit rose by 21 per cent to Rs 336 crore for the fourth quarter ended March 31, 2023, riding on the back of robust sales. The company had reported a net profit of Rs 277 crore in the same period of the previous fiscal. Revenue from operations rose to Rs 8,031 crore in January-March compared with Rs 6,585 crore in the fourth quarter of 2021-22 fiscal, TVS Motor Company said in a regulatory filing. The company sold 8.68 units in the fourth quarter ended March 2023 as compared with 8.56 lakh units in the year-ago period. For the 2022-23 fiscal, the company posted a consolidated net profit of Rs 1,329 crore as against Rs 757 crore in FY22. Revenue from operations rose to Rs 31,974 crore as against Rs 24,355 crore in the 2021-22 fiscal. During FY23, the overall two and three-wheeler sales of the company grew 11 per cent to 36.82 lakh units as against 33.10 lakh units in the year 2021-22. Shares of the company ended 1.12 per cen

ACC, Nykaa, HDFC AMC and Muthoot Fin likely to be dropped from Nifty 100

Jindal Steel and Power, Punjab National Bank, TVS Motor, Tube Investments and Zydus Lifesciences are expected to get added to the index

Stocks to Watch: Titan, Tata Chem, Adani Group, RIL, Petronet, Apollo Micro

Stocks to watch on May 04, 2023: Adani Enterprises, Bombay Dyeing, Dabur, HDFC, Hero MotoCorp, Tata Power and TVS Motors may see some action owing to Q4 results on Thursday.

TVS Motor to refund Rs 20 crore to customers as goodwill benefit scheme

TVS Motor Company on Wednesday said it will refund around Rs 20 crore as a goodwill benefit scheme to customers who have paid over and above the threshold limit fixed under the FAME scheme. The company however maintained that it has fully complied with all government regulations specified under the FAME (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India) initiative. In a statement, TVS Motor Company Director and CEO K N Radhakrishnan said the company is fully committed to the government's vision to promote electric mobility. The company also fully supports the government's initiative to enable faster adoption of electric mobility, development of electric vehicle eco-system, he added. "In the spirit of Atmanirbhar Bharat all the electric development has happened in house," Radhakrishnan said. Additionally, as a responsible corporate, TVS Motor has fully complied with all government regulations specified under FAME. "Further, towards alleviating ambiguity .

Sensex extends rally to eighth day, ends 242 pts up; Auto, IT stocks shine

Stock market live: Market action will be guided by global cues following the takeover of the fallen US lender First Republic Bank on Monday by JP Morgan Chase

TVS Motor sees highest domestic growth among major two-wheeler makers

Entry-level two-wheelers saw a muted growth for the last several quarters due to factors such as inflation and high acquisition cost

TVS Motor gains 3%, hits record high on healthy demand outlook

In the past one month, TVS Motor has outperformed the market by surging 13 per cent, as compared to 3.6 per cent rise in the S&P BSE Sensex and 7 per cent rally in the S&P BSE Auto index

TVS Motor announces launch of NTORQ 125 race edition in Philipppines

Two and three-wheeler maker TVS Motors on Monday announced the launch of the TVS NTORQ 125 Race Edition at the Makina Auto Show in Philippines. The vehicle comes with TVS SmartXonnect TM that lets the rider connect their smartphone to the scooter, unlocking a host of smart connected features. These can be accessed through an advanced, fully digital instrument cluster that is loaded with 60 plus features, a company release said. "Since the launch, TVS NTORQ 125 has been a favourite among Gen Z customers in the Philippines due to its striking appearance and connected features with TVS SmartXonnect TM," J Thangarajan, President Director, PT TVS Motor Company, Indonesia,was quoted as saying. He added, the launch of TVS NTORQ 125 has been received very well in Philippines. "The scooter has become an immediate favourite and we are sure the new Race Edition will further find acceptance from the customers seeking an element of thrill and performance," he added.

Two-wheel rides saddle up: Growth recovery, valuations to kick-start gains

Eicher hot on the trail of TVS, which is a top pick of most brokerages

Stocks to watch: HDFC Bank, NMDC, PVR, Lupin, Sunteck Realty, Tata Motors

Stocks to watch today: From HDFC to PVR, here are top stocks to watch in Thursday's trading session

TVS Motor records 1.97% decline in sales at 276,150 units in February

Two- and three-wheeler maker TVS Motor witnessed a 1.97 per cent decline in sales in February with sales of 2,76,150 units, the company said on Wednesday. The city-headquartered company had sold 2,81,714 units during the corresponding month of last year. Total two-wheeler sales in February 2023 marginally fell to 2,67,026 units from 2,67,625 units recorded in the same month of last year. Two-wheeler sales in the domestic market grew by 28 per cent to 2,21,402 units from 1,73,198 units sold in February 2022. Sales of motorcycles dropped to 1,26,243 units in February 2023 as compared to 1,43,523 units recorded in the same month of last year. Scooter sales witnessed a 21 per cent jump by registering 1,04,825 units in February 2023 from 86,616 units sold in February 2022, the company said. On its electric vehicle business, TVS Motor said it recorded its highest ever sales of 15,522 units in February 2023 breaching the 15,000-mark as compared to 2,238 units sold in the corresponding m

TVS Motor in talks with ADIA, Goldman, Carlyle for EV investment: Report

The $300 million to $350 million investment would value TVS at about $3 billion to $3.5 billion, likely making it India's most valuable EV two-wheeler manufacturer, ET said

TVS Motors increases market share in electric two-wheeler space

Automaker raises share to over 16% with 9,153 registrations in January

Stocks to Watch: Maruti, TVS Motor, Coffee Day, Indus Towers, SBI Card, IOC

Stocks to Watch: Bajaj Auto, Cipla, Dr.Reddy's, Tata Elxsi and Tata Motors are some of the prominent companies to announce Q3 results on Wednesday.

TVS Motor Q3 net up 28% to Rs 304 cr; EV sales surge 80% to 29,000 units

Operating EBITDA grows 16% to Rs 659 crore, EBITDA margin flat at 10.1%

TVS Motor Q3 results: Profit rises 22% to Rs 353 crore on price hikes

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

Sensex, Nifty50 end flat in a wobbly trade; Tata Motors, Maruti surge 3%

CLOSING BELL: Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent

TVS Motor sales decline 3.6% in December as motorcycles hit rough patch

Motorcycle sales dipped by 6.7% to 124,705 units in Dec 2022; iQube electric sales provide silver lining, rise 10-fold YoY

Auto aftermarket firm myTVS raises Rs 203 cr in funding from Lingotto

Company earlier got Rs 487 cr from Castrol India for business and technology collaborations

Move to block Rs 1,100 crore subsidy for EV players arbitrary, says SMEV

Manufacturers had already been passed on subsidy amounts to customers, can't sustain any further and are planning go stop operations