Page 10 - Tvs Motor

Stocks to Watch: Tata Steel, RIL, Maruti, TVS Motor, HDFC AMC, JK Paper

Stocks to Watch on July 25, 2023: Asian Paints, Bajaj Auto, Cyient, CEAT, Delta Corp, Jubilant FoodWorks, KPIT Tech, Larsen & Toubro, SBI Life and Tata Motors will release their Q1 results today

Sensex falls for 2nd day, slips 299 pts; ITC sheds 4%; auto stocks gain

CLOSING BELL ON JULY 24, 2023: The NSE Nifty ended with a loss of 73 points; Reliance down 2% was the other major laggard on Monday.

TVS Motor Q1FY24 results: Net profit rises 42.2% to Rs 434.3 crore

The overall two-wheeler and three-wheeler sales including exports grew by 5% registering sales of 953,000 units in the quarter ended June 2023

TVS Motor partners with Indian Army to celebrate Kargil Vijay Diwas

An all-women motorcycle rally has been organised to commemorate the Kargil Vijay Diwas. As a part of this, 25 women riders will ride TVS Ronin motorcycles to Dras

Tamil Nadu may attract 35% of all EV investments in India till 2030

State sees Rs 43,000 crore investment in two years; Hyundai, Ola, Ather among major players

Hero MotoCorp surges 9% in 2 days; drives past TVS Motor in mcap ranking

At 12:58 PM; Hero MotoCorp's m-cap stood at Rs 63,076 crore as compared to TVS Motors's m-cap of Rs 62,000 crore, the BSE data shows

TVS Motor Company reports 3% jump in its total vehicle sales in June

The sale of its electric scooter, TVS iQube Electric, recorded a 209 per cent jump

TVS expects growth momentum to continue this fiscal, economy likely to grow

TVS Motor Company expects growth momentum to continue in the current fiscal, with the overall economy anticipated to grow at a robust pace and a continuous improvement in the road infrastructure. According to the company, the premium bikes and scooter segment is likely to grow on the back of a rise in overseas shipments and higher penetration of electric two-wheelers this fiscal. In its Annual Report for 2022-23, the company stated that it maintains a cautiously optimistic view regarding the current fiscal. In spite of the difference in the specific forecast, the almost common agreement is that India's GDP growth will remain the highest among all major economies, it stated. Improving road infrastructure and the economic environment with mass transit systems will further drive the demand for mobility for the masses, TVS Motor said. This demand is today best served by the two-wheeler segment, making its fundamentals very attractive considering a resurgent India, it added. "Due to t

Electric 2-wheeler industry to keep growing at robust pace: TVS Motor

Domestic electric two-wheeler industry will continue to grow at a robust pace with active policy support from central and state governments while also emerging as a major hub for exports, according to TVS Motor Company. The company on its part would expand its electric portfolio to cater to different sets of customers. It currently sells electric two-wheelers under the iQUBE brand. "The EV industry will continue to grow rapidly as the consumer interest is buttressed with active policy support from the Central and State Governments through PLI, FAME II and State-specific support policies," TVS Motor Company stated in its Annual Report for 2022-23. Continued support will ensure a smooth lift-off for the industry volumes, it added. "Like in ICE (internal combustion engine) two-wheelers, India will emerge as a major hub for EV two-wheeler exports in addition to the large domestic market," TVS Motor noted. Interestingly, the government has reduced the subsidy provided under FAME-II (Fa

Sensex rallies 467 pts, Nifty tops 18,800; RIL, HDFC duo lead, IT caps gain

CLOSING BELL ON JUNE 16, 2023: At the high point of the day, the Sensex was just 63 points shy from its record high, and the Nifty 22 points; Debutant IKIO ends at 42 per cent premium over issue price

TVS Motor Company sells entire 43.54% stake in Emerald Haven Realty

Indian Navy partners with TVS Motor Company as part of its 'Azadi Ka Amrit Mahotsav' celebrations

TVS Motor posts 9% YoY growth in wholesales at 330,609 units in May

TVS Motor Company on Thursday reported a 9 per cent growth in wholesales at 3,30,609 units in May 2023. The company's wholesales stood at 3,02,982 units in the same month last year. Total two-wheelers sales grew 11 per cent last month to 3,19,295 units, as compared with 2,87,058 units in May 2022, TVS Motor Company said in a statement. In May 2023, domestic two-wheeler sales were at 2,52,690 units as against 1,91,482 units in the year-ago period, up 32 per cent, it added. Three-wheeler sales were down at 11,314 units during the month under review from 15,924 units in May 2022. Total exports were also lower at 76,607 units last month over 1,10,245 units in May 2022.

CII elects TVS Supply Chain Solutions' Dinesh as the new President

The National Council of Confederation of Indian Industry (CII), on Thursday elected R. Dinesh, Executive Vice Chairman, TVS Supply Chain Solutions as the President of the industry body for 2023-24.

Textile industry veteran Karumuttu T Kannan passes away in Madurai

Kannan was a board member of TVS Motor and other companies, and an educationalist associated with several institutions

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