TVS Motor Company falls despites reporting 20% growth in September sales
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
TVS Motor Company is currently trading at Rs. 2730.25, down by 106.45 points or 3.75% from its previous closing of Rs. 2836.70 on the BSE.
The scrip opened at Rs. 2779.95 and has touched a high and low of Rs. 2800.00 and Rs. 2720.00 respectively. So far 16255 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2958.15 on 27-Sep-2024 and a 52 week low of Rs. 1489.30 on 05-Oct-2023.
Last one week high and low of the scrip stood at Rs. 2958.15 and Rs. 2720.00 respectively. The current market cap of the company is Rs. 129451.74 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.18% and 8.55% respectively.
TVS Motor Company has recorded monthly sales of 482,495 units in September 2024 with a growth of 20% as against 402,553 units in the month of September 2023. Total two-wheelers registered a growth of 22% with sales increasing from 386,955 units in September 2023 to 471,792 units in September 2024. Domestic two-wheeler registered growth of 23% with sales increasing from 300,493 units in September 2023 to 369,138 units in September 2024.
Motorcycle registered a growth of 23% with sales increasing from 186,438 units in September 2023 to 229,268 units in September 2024. Scooter registered a growth of 20% with sales increasing from 155,526 units in September 2023 to 186,751 units in September 2024. Electric Vehicle (EV) sales registered a growth of 42% with sales increasing from 20,356 units in September 2023 to 28,901 units in September 2024. Three-wheeler registered sales of 10,703 units in September 2024 as against 15,598 units in September 2023.
The company's total exports registered a growth of 11% with sales increasing from 100,294 units in September 2023 to 111,007 units in September 2024. Two-wheeler exports registered a growth of 19% with sales increasing from 86,462 units in September 2023 to 102,654 units in September 2024.
TVS Motor Company is a reputed two and three-wheeler manufacturer. TVS Motor’s strength lies in its extensive research and development, resulting in products that are industry leading in terms of innovation.
