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Published on 1/03/2021 3:09:26 PM | Source: Accord Fintech

TVS Motor Company catches speed as its sales grow by 18% in February 2021

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TVS Motor Company is currently trading at Rs. 616.00, up by 20.95 points or 3.52% from its previous closing of Rs. 595.05 on the BSE.

The scrip opened at Rs. 610.00 and has touched a high and low of Rs. 620.70 and Rs. 595.45 respectively. So far 221441 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 659.80 on 09-Feb-2021 and a 52 week low of Rs. 240.10 on 07-Apr-2020.

Last one week high and low of the scrip stood at Rs. 620.70 and Rs. 537.10 respectively. The current market cap of the company is Rs. 29353.26 crore.

The promoters holding in the company stood at 57.40%, while Institutions and Non-Institutions held 32.62% and 9.99% respectively.

TVS Motor Company has reported that sales grew by 18% registering 297,747 units in February 2021 as against 253,261 units in the month of February 2020. Total two-wheeler sales grew by 21% recording 284,581 units in February 2021 as against 235,891 units in February 2020. Domestic two-wheeler sales grew by 15% registering 195,145 units in February 2021 as against 169,684 units in February 2020.

Motorcycle grew by 16% recording 137,259 units in February 2021 as against 118,514 units in February 2020. Scooter sales of the company grew by 56% registering 95,525 units in February 2021 as against 60,633 units in February 2020.

The company's total exports grew by 23% registering 101,789 units in the month of February 2021 as against 82,877 units in February 2020. Two-wheeler exports registered a growth of 35% with 89,436 units in February 2021 as against 66,207 units in February 2020. The demand in export market continues to be robust, but scarcity in container availability is affecting overall export volumes.

Three-wheeler of the company registered sales of 13,166 units in February 2021 as against 17,370 units in February 2020.

TVS Motor Company is a reputed two and three-wheeler manufacturer.

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