TVS Motor Company moves up on reporting 12% growth in March 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. 2143.45, up by 3.35 points or 0.16% from its previous closing of Rs. 2140.10 on the BSE.
The scrip opened at Rs. 2160.40 and has touched a high and low of Rs. 2161.75 and Rs. 2118.00 respectively. So far 21911 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2313.90 on 07-Mar-2024 and a 52 week low of Rs. 1075.00 on 03-Apr-2023.
Last one week high and low of the scrip stood at Rs. 2200.00 and Rs. 2085.20 respectively. The current market cap of the company is Rs. 101668.64 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.06% and 8.67% respectively.
TVS Motor Company has reported a growth of 12% with sales increasing from 3,17,152 units in March 2023 to 354,592 units in March 2024. Total two-wheelers registered a growth of 12% with sales increasing from 3,07,559 units in the month of March 2023 to 3,44,446 units in March 2024. Domestic two-wheeler registered growth of 8% with sales increasing from 2,40,780 units in March 2023 to 2,60,532 units in March 2024.
Motorcycle registered a growth of 22% with sales increasing from 1,41,250 units in March 2023 to 1,71,611 units in March 2024. Scooter registered a growth of 2% with sales increasing from 1,28,817 units in March 2023 to 1,31,472 units in March 2024. The electric vehicles recorded sales of 15,250 units in March 2024 as against sales of 15,364 units in March 2023.
The company's total exports registered a growth of 23% with sales increasing from 75,037 units in March 2023 to 91,972 units in March 2024. Two-wheeler exports registered a growth of 26% with sales increasing from 66,779 units in March 2023 to 83,914 units in March 2024. Three-wheeler of the Company registered a growth of 6% with sales increasing from 9,593 units in March 2023 to 10,146 units in March 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.
