Move underscores Centre's resolve to ensure compliance with subsidy norms and protect interests of consumers
Stock Market LIVE: IT pocket led losses on the Sensex with HCL Tech, TCS, Wipro, Tech M and Infosys falling up to 1.2 per cent
The total issue size is set at Rs 880 crore, including fresh issue aggregates up to Rs 600 crore, and an offer for sale of 14.23 million equity shares
The company's total exports registered a 20% YoY dip with sales of 89,213 units in July 2023 as against 112,032 units in July 2022
Manufacturer posts highest-ever profit before tax of Rs 610 cr
TVS Supply Chain plans raise Rs 750 crore in fresh capital through the IPO
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
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.
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
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
State sees Rs 43,000 crore investment in two years; Hyundai, Ola, Ather among major players
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
The sale of its electric scooter, TVS iQube Electric, recorded a 209 per cent jump
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
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
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
Indian Navy partners with TVS Motor Company as part of its 'Azadi Ka Amrit Mahotsav' celebrations
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.
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.
Kannan was a board member of TVS Motor and other companies, and an educationalist associated with several institutions