09-02-2022 09:59 AM | Source: Accord Fintech
TVS Motor Company shines on registering growth of 15% in August sales
News By Tags | #420 #928 #572 #281

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

TVS Motor Company is currently trading at Rs. 1032.80, up by 17.75 points or 1.75% from its previous closing of Rs. 1015.05 on the BSE.

The scrip opened at Rs. 1021.00 and has touched a high and low of Rs. 1035.20 and Rs. 1021.00 respectively. So far 9936 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1,035.20 on 02-Sep-2022 and a 52 week low of Rs. 513.00 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 1035.20 and Rs. 930.00 respectively. The current market cap of the company is Rs. 48223.72 crore.

The promoters holding in the company stood at 50.81%, while Institutions and Non-Institutions held 40.59% and 8.60% respectively.

TVS Motor Company has registered a growth of 15% in August 2022 with sales of 333,787 units as against 290,694 units in the month of August 2021. Total two-wheelers registered a growth of 15% in August 2022 with sales increasing from 274,313 units in August 2021 to 315,539 units in August 2022. Domestic two-wheeler registered growth of 33% with sales increasing from 179,999 units in August 2021 to 239,325 units in August 2022.

Motorcycle registered a growth of 17% with sales increasing from 133,789 units in August 2021 to 157,118 units in August 2022. Scooter registered a growth of 40% with sales increasing from 87,059 units in August 2021 to 121,866 units in August 2022. Three-wheeler of the Company grew by 11% growing from 16,381 units registered in August 2021 to 18,248 units in August 2022. The company's total exports registered sales of 93,111 units in August 2022 as against sales of 109,927 units in August 2021. Two-wheeler exports registered sales of 76,214 units in August 2022 as against 94,314 units in August 2021.

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