TVS Motor Company spurts on reporting 9% rise in total sales during May 2023
TVS Motor Company is currently trading at Rs. 1297.50, up by 25.75 points or 2.02% from its previous closing of Rs. 1271.75 on the BSE.
The scrip opened at Rs. 1291.90 and has touched a high and low of Rs. 1301.75 and Rs. 1284.15 respectively. So far 10964 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1316.80 on 31-May-2023 and a 52 week low of Rs. 716.45 on 07-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1316.80 and Rs. 1269.40 respectively. The current market cap of the company is Rs. 61666.31 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 registered a sales growth of 9% increasing from 302,982 units in May 2022 to 330,609 units in May 2023. Total two-wheelers registered a growth of 11% with sales increasing from 287,058 units in May 2022 to 319,295 units in May 2023. Domestic two-wheeler registered growth of 32% with sales increasing from 191,482 units in May 2022 to 252,690 units in May 2023.
Motorcycle registered sales growth of 9% with sales increasing from 148,560 units in May 2022 to 162,248 units in May 2023. Scooter sales registered a growth of 3% with sales increasing from 100,665 units in the month of May 2022 to 103,203 units in May 2023.
TVS iQube electric recorded sales of 17,953 units in May 2023 as against sales of 2,637 units in May 2022. TVS iQube has a healthy booking pipeline of over 30,000 units and the company is confident of continued improvement of supplies in the coming months. The Company's total exports registered sales of 76,607 units in May 2023 as against 110,245 units May 2022. Two-wheeler exports registered sales of 66,605 units in May 2023 as against 95,576 units May 2022. Three-wheeler of the Company registered sales of 11,314 units in May 2023 as against 15,924 units May 2022.
TVS Motor Company is a reputed two and three-wheeler manufacturer.