Three-wheeler of the company grew by 37%, increasing from 9,279 units in December 2017 to 12,686 units registered in December 2018
One of the patents is for cylinder head assembly that was filed on August 24, 2007, and another on multi valve cylinder head assembly was filed on October 12, 2007
TVS Motor Company's portfolio in Peru also includes TVS King, TVS Apache RTR 180, TVS Wego, TVS Stryker and TVS Apache RTR 200 Fi4V
Motorcycle sales have seen a growth of 20% to 150,429 units, from 125,409 units in Oct 2017
Firm appoints exclusive distributor; its products are being assembled in the industrial park of Tigre, and sold through a network of over 100 dealers across the country
In 2004, Radhakrishnan was promoted as Executive Vice President of TVS Motor and in 2008 became its President
The company is banking on a strong portfolio and rural growth to outperform the sector
During the quarter ended September 30, 2018, the overall two-wheeler sales of the Company including exports grew by 13.6% to 1.05 mn units from 0.92 mn units in the Q2FY18
In the first year of the association, Torino Motors will work with TVS Motor to open 40 exclusive stores in the country for the distribution of two-wheelers
The new 110cc motorcycle will expand the company's offerings in the segment
The additional investment will be deployed for continued product engineering and further expansion of Ultraviolette Automotive's core R&D team and facility
Expects two-wheeler industry to grow by 10 % in 2018-19
Overall two-wheeler sales, including exports, rose 14% with motorcycle sales outpacing scooter sales
A key trigger for the stock is the premiumisation of its portfolio
Operating profit margins at 7% way below estimates
The company's total exports grew by 45.3 per cent to 1.61 lakh units in the fourth quarter of 2017-18 as compared to 1.11 lakh units in the year-ago period
Scooter has a fully-digital instrument cluster and smartphone connectivity; its aggressive pricing could give it an egde over competition
TVS Motor has acquired a minority stake in Bengaluru-based electric two-wheeler and energy infrastucture start up Ultraviolette Automotive Pvt Ltd.The company will acquire 14.78 per cent stake, or 6750 equity shares of Rs 10 each for Rs 7409 per share. The total cost of acquisition would be around Rs 5 crore, according to a company filing with the exchanges. Ultraviolette, founded on December 18, 2015, is aiming to build an ecosystem that addresses the transportation needs of an urban environment. According to reports, it is into designing and developing a motorcycle and battery packs, which could have modern premium looks. It has reported a total revenud of Rs 3.21 lakh in 2016-17, shooting up from Rs 31,570 in 2015-16.The investment comes in line with the automakers' efforts to bring in clean energy technology to substitute the traditional fuels amidst growing concerns over a depleting environmental health. It may be noted that in October 2016, Hero MotoCorp has acquired 26-30 per ..
Cost control initiatives should improve margins
The company sharpens the pitch on design and style to get a grip on the high-end bike market, hopes to leverage its alliance with BMW