Bajaj Auto and others issued advertisement disparaging TVS XL 100's mileage with false figures, TVS Motor had alleged
Domestic 2-wheeler market drives growth; sales in this segment up by 16.4%
The invention talks about putting switch or switches on the handlebar to shift gear in a SMT vehicle
Commemorates TVS Scooty Zest 110's ride to Khardung La Pass by a female rider
TVS XL 100 is powered by a 99.7cc four-stroke engine
Revenue up 15% in Q4 to Rs 2,815 crore
Unsuccessful in meeting forecasts of 10% operating profit margin
Scooter sales up by 28.3 %, while Motorcycles up by 20.7 %
However, total exports has dropped to 26.88% in March 2016.
The rural push in the Budget has buoyed shares of companies focused on rural demand.
TVS Motor has hit a 52 week high of Rs 320 a share in the Bombay Stock Exchange on March 28. The stock prices saw an upward trend from March 18 and went through a significant hike from March 21.On March 21, the stock prices went up from Rs 287.6 a share to Rs 305.35 per share, before closing the day. The prices went up during the next days and has hit a 52 week high today. The stock prices were a 52 week low at Rs 201 a share on August 24, 2015, according to BSE.On March 16, the company announced that it has made an arragement with e-commerce major Snapdeal to sell its two-wheelers online. It has also announced about the meetings it is organised with analysts and fund houses from MSD India Partners, Cartica Capital, Ventura Securities Ltd, Prabhudas Lallidher and Ward Ferry Management Ltd during the period between March 22 and 31.In January, this year, Venu Srinivasan, Chairman of TVS Motor said that the company is expected to see big growth in motor cycle sales this year. Overall the
Motorcycle sales rose 3.77%, scooter sales surged 18.21%