TVS Motor Company moves up on reporting 25% growth in April sales
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TVS Motor Company is currently trading at Rs. 2081.25, up by 19.25 points or 0.93% from its previous closing of Rs. 2062.00 on the BSE.
The scrip opened at Rs. 2105.00 and has touched a high and low of Rs. 2116.95 and Rs. 2074.70 respectively. So far 15324 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. 1138.55 on 02-May-2023.
Last one week high and low of the scrip stood at Rs. 2116.95 and Rs. 1951.85 respectively. The current market cap of the company is Rs. 97962.96 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 registered a growth of 25% with sales increasing from 306,224 units in April 2023 to 383,615 units in April 2024. Total two-wheelers registered a growth of 27% with sales increasing from 294,786 units in the month of April 2023 to 374,592 units in April 2024. Domestic two-wheeler registered growth of 29% with sales increasing from 232,956 units in April 2023 to 301,449 units in April 2024.
Motorcycle registered a growth of 24% with sales increasing from 152,365 units in April 2023 to 188,110 units in April 2024. Scooter registered a growth of 34% with sales increasing from 107,496 units in April 2023 to 144,126 units in April 2024. Three-wheeler of the company registered sales of 9,023 units in April 2024 as against 11,438 units in April 2023.
The company's total exports registered a growth of 12% with sales increasing from 71,663 units in April 2023 to 80,508 units in April 2024. Two-wheeler exports registered a growth of 18% with sales increasing from 61,830 units in April 2023 to 73,143 units in April 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.
