TVS Motor Company gains on reporting 5% growth in June sales
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TVS Motor Company is currently trading at Rs. 2363.55, up by 9.10 points or 0.39% from its previous closing of Rs. 2354.45 on the BSE.
The scrip opened at Rs. 2355.00 and has touched a high and low of Rs. 2369.20 and Rs. 2316.00 respectively. So far 6597 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2524.95 on 18-Jun-2024 and a 52 week low of Rs. 1294.00 on 05-Jul-2023.
Last one week high and low of the scrip stood at Rs. 2418.05 and Rs. 2316.00 respectively. The current market cap of the company is Rs. 112182.32 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.08% and 8.65% respectively.
TVS Motor Company has recorded monthly sales of 333,646 units in June 2024 with a growth of 5% as against 316,411 units in the month of June 2023. Total two-wheelers registered a growth of 6% with sales increasing from 304,401 units in June 2023 to 322,168 units in June 2024. Domestic two-wheeler registered growth of 8% with sales increasing from 235,833 units in June 2023 to 255,734 units in June 2024.
Motorcycle registered a growth of 3% with sales increasing from 148,208 units in June 2023 to 152,701 units in June 2024. Scooter registered a growth of 6% with sales increasing from 121,364 units in June 2023 to 128,986 units in June 2024.
Electric Vehicle sales registered a growth of 10% with sales increasing from 14,462 units in June 2023 to 15,859 units in June 2024. The Company's total exports registered sales of 76,074 units in June 2024 as against 79,144 units in June 2023. Two-wheeler exports registered sales of 66,434 units in June 2024 as against 68,568 units in June 2023. Customer retails are robust. However, there have been challenges in container availability due to prevailing conditions in the Red Sea. Three-wheeler registered sales of 11,478 units in June 2024 as against 12,010 units in June 2023.
During the first quarter of the financial year 2024-25, two-wheeler of the company registered a growth of 15% with sales increasing from 9.18 lakh units in the first quarter of financial year 2023-24 to 10.56 lakh units in the first quarter of 2024-25. Three-wheeler of the company registered sales of 0.31 lakh units in the first quarter of financial year 2024-25 as against 0.35 lakh units in 2023-24. Total exports registered a growth of 12% with sales increasing from 2.27 lakh units in the first quarter of FY 2023- 24 to 2.54 lakh units in the current quarter.
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.
