Page 22 - Tvs Motor

TVS Motor profit up 20%, co declares interim dividend

The two-wheeler majors margin was 8.7 per cent, which was higher than the market estimate

TVS Motor in the fast lane

The TVS Motor stock has been hitting successive 52-week highs on strong volume performance in September and market share gains in the two wheeler space. In addition to the sales, the company is expected to post strong September quarter results. And, the road ahead, too, is looking good. Volumes in September month for TVS Motor were up 23 per cent year-on-year, led by a 43 per cent increase in scooter despatches. Scooters account for 34 per cent of the company's volumes currently. The increasing scooterisation being witnessed by the industry is expected to help TVS gain on the volumes and market share fronts. Share of scooters in two wheeler industry's volumes increased by 400 basis points year-on-year to 34 per cent in the June quarter led by the southern region. Scooters now account for 45 per cent of two wheeler sales in this region. For TVS Motor, its market share in the scooter segment increased by 50 basis points year-on-year to 13.8 per cent. The scooter portfolio of TVS ...

TVS Motor acquires entire stake of TVS MS

The move will make TVS Credit Services, an NBFC, its subsidiary

TVS Motor to invest Rs 500 cr in FY18

TVS Motor, maker of two-wheelers and three-wheelers, plans to invest Rs 450-500 crore this financial year, mostly on new products. Despite the impact created by demonetisation, the goods and services tax and higher emission norms, TVS says it is confident of a double-digit operating earnings margin.K N Radhakrishnan, chief executive, said till last October (the financial year starts in April), the industry was growing at 12 per cent, while TVS' was 18.6 per cent. After which, industry growth came down to 5.3 per cent, while TVS growth dropped to 11.3 per cent. He expects TVS to increase its market share by 1.5 percentage points this year.He said he expected the industry to come back to the earlier growth trajectory and for TVS growth to be higher. During the first quarter of 2017-18, the industry grew 8.6 per cent, while TVS grew at 12 per cent, he said in an analyst call.S G Murali, the company's finance head, said by the second half of the year, the plan was to launch a new ...

TVS Motor acquires 24% stake in online marketplace RentOnGo

TVS Motor Company Ltd has acquired a 24 per cent stake in RentOnGo, an online marketplace for renting bikes. The two-wheeler and three-wheeler maker invested Rs 1.5 crore in the Bengalaru-based start-up.While TVS Motor did not respond to Business Standard's query, in a filing the company said that the investment is from the futuristic outlook on the emerging pay-by service model.The investment was made in Condivision Solutions Pvt. Ltd, which operates RentOnGo. The company was founded in 2012 by Nikhil Chhabra and Vikash Jalan.Condivision turnover in 2016-17 was Rs 31 lakh as compared to Rs 15 lakh in 2015-16 and Rs 3 lakh in 2015.It currently has presence in Bengaluru, New Delhi, Hyderabad, Mumbai and Pune,according to the company website.In December 2015, RentOnGo raised an undisclosed amount in angel funding from Snapdeal's former chief product officer Anand Chandrasekaran, GSF India founder Rajesh Sawhney, Kalpana Tatavarti (partner, Interweave Consulting), Shivanandan Pare ...

Margin expansion key trigger for TVS Motor

New launches coupled with improving product mix will rub off positively on volumes and margins

TVS Motors is all set to launch an electric bike by March 2018

Currently, TVS sees the availability of lithium as an obstacle when it comes to electric vehicles

TVS Motor gets patent related to headlamp mounting arrangement

TVS Motor has received patent protection for its innovation related to a headlamp mounting arrangement, which may save a potential damage the conventional headlamp may cause to the front cover of the vehicle.This is expected to improve the life of its the front portion of the two wheeler and may result in saving part of repairing cost. The company claims that the structure would improve the lifespan of the fixtures in the front cover of the motorcycle.Conventionally, a headlamp assembly is mounted on a handle bar of a motorcycle, mounted on a front cover which contains other signaling devices, while the controls are in a rear cover.The headlamp assembly fixtures are usually made of plastic or such other material and a substantial weight of the headlamp is sustained by the assembly fixtures and front cover. The durability of the lugs and the front cover are adversely affected because of this and in a long run, it mat get slackened and may break in extreme cases, leading to the ...

GST rollout won't affect us, minor change in pricing at the most: TVS Motor

Two wheeler major TVS Motors has said that it is not expecting any major impact due to the Goods and Services Tax (GST) implementation, though there might be initial issues. The company is looking at being a strong No.2 player in the scooter market in the country in the near term, said Aniruddha Haldar, VP Marketing - Scooters, TVS Motor Company."If you look at it for the year, I wont think it will affect us. The rate is not really different for us pre and post GST. So it is not that there will be a huge price benefit. It will be between 28-30 per cent now. There is no much of a change," he said.For a period of one or two months, when the system is transitioning, a movement from one month to the other may happen. "We are hoping that it is not going to be too much," he added. He added that the pricing may have a minor change, but not a fundamental change.Commenting on the company's position in the scooter market, he said that there was a brief period when the company lost its second ...

New launches to help TVS gain market share in FY18

The TVS Motor stock was up nearly 4 per cent intraday on volume performance in May which beat analyst estimates. While the company's two wheeler sales was up 15.6 per cent year on year to 2.82 lakh units, scooter sales were up 31 per cent. The motorcycle segment grew sharply by 22 per cent to 1.18 lakh units as against estimates of just over a lakh units. Exports grew by 14 per cent.Going ahead, the company is expected to do well on the back of an improvement in export volumes post the recent tie up in South America and outperformance in the domestic market on new launches. The company is looking to launch a new 110cc scooter with an aim to boost its scooter market share. The new scooter is expected to be priced at a premium to the TVS Scooty Zest model. In addition to this, the company has recently launched the BSIV compliant version of the Jupiter scooter with more colour options at the same price which is expected boost sales of the brand, say analysts at Sharekhan. In addition to .

TVS Motor sales up 16% in May

TVS Motor Company posted a growth of 15.7 per cent in sales during the month of May 2017, at 282,007 units as compared to 243,783 units sold during the month of May 2016.Two-wheeler sales of the company grew 15.6 per cent to 275,426 units during May, 2017, as compared to 238,320 units sales posted the same month of last year. Domestic two-wheeler sales grew by 16.3 per cent to 240,527 units from 206,886 units during May, last year.Scooters sales of the company increased 30.9 per cent to 85,681 units as against 65,434 units and year ago. Motorcycles sales grew by 22.3 per cent to 118,014 units in May 2017, from 96,485 units in May, last year. Exports grew by 14.3 per cent to 40,617 units from 35,545 units sold during May 2016. Two-wheeler exports grew by 11 per cent, to 34,899 units during the month as compared to 31,434 units during the same month last year.Three-wheeler sales of the company has seen a growth to 6,581 units, a 20.5 per cent increase from 5,463 units recorded in May ...

TVS Motor upbeat on coming year

Q4 margin down but this is seen as a blip; aiming at 10% operating profit margin by end of next year

TVS Motor profit dips by 7% to Rs 127 crore in Q4

Profit is net of one-time provision of Rs 57 cr for discounts towards BS-III products

TVS Motor sales room in March; up 10.24% over a year ago at 256,341 units

Total two-wheeler sales during the month increased by 10.7%

TVS trumps Hero to become 2nd largest scooter maker in April-Feb period

The number one scooter seller in India during the period remained Honda Motorcycle & Scooter India

TVS Motor ships out BMW bikes, to invest Rs 350 crore on expansion

TVS Motor would upgrade its existing models to gain market share

TVS Motor's bikes to get new antilock brake system with grant of patent

TVS Motor has bagged a patent for its antilock brake system (ABS) for motorcycle, to overcome the problems or defects or drawbacks encountered in the previous models. The company is currently using the ABS technology in its high end motorcycle TVS Apache, in collaboration with German component manufacturer Continental Corporation.The company says that ABS in motorcycle prevents locking of the front and rear wheels by automatically regulating the braking force acting on the front and rear wheels at the time of braking operation.The patent application was filed in December 2009 and the company claimed that the said invention is to substantially overcome the problems or defects or drawbacks encountered in the known system. It is also to adapt an anti lock brake system control unit in a two wheeled a motorcycle having a tubular frame construction with least modifications in comparison to the existing tubular frame construction without having a provision for ABS unit, it added. Another ...

TVS launches BS-IV compliant Jupiter

There are currently more than 1.5 million Jupiter customers on Indian roads

Marginal dip seen in TVS Motor January sales

While scooter sales grew by 12%, motorcycle sales down by 27%

We're careful about marketing spends after demonetisation: TVS Motor CFO

Interview with S G Murali, chief financial officer, TVS Motor