TVS Motor Company gains on reporting marginal rise in total sales during April
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TVS Motor Company is currently trading at Rs. 1143.00, up by 5.90 points or 0.52% from its previous closing of Rs. 1137.10 on the BSE.
The scrip opened at Rs. 1142.05 and has touched a high and low of Rs. 1147.70 and Rs. 1138.55 respectively. So far 1000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1184.45 on 19-Apr-2023 and a 52 week low of Rs. 589.10 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 1147.70 and Rs. 1088.80 respectively. The current market cap of the company is Rs. 54022.16 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.40% and 8.33% respectively.
TVS Motor Company has reported a 4 per cent rise in total sales to 3,06,224 units in April 2023 compared to 2,95,308 units in the same month last year. Total two-wheeler sales grew by 5 per cent to 2,94,786 units last month as against 2,80,022 units in April 2022, with domestic sales rising to 2,32,956 units from 1,80,553 units in the year-ago period.
Sales of electric scooter TVS iQube Electric were at 6,227 units in April 2023 as against sales of 1,420 units in the same month last year. The production was constrained last month due to new battery safety norm AIS156 changeover and supply chain challenges.
On the export front, overseas shipments were at 71,663 units last month as against 113,427 units April 2022 with two-wheeler exports at 61,830 units, down from 99,489 units in the year ago-month. Three-wheeler sales were at 11,438 units in April 2023 as against 15,286 units in the same month last year.
TVS Motor Company is a reputed two and three-wheeler manufacturer.
