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02-01-2025 05:11 PM | Source: Accord Fintech
TVS Motor Company rides high on logging sales growth of 7% in December

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TVS Motor Company is currently trading at Rs. 2495.80, up by 88.70 points or 3.68% from its previous closing of Rs. 2407.10 on the BSE.

The scrip opened at Rs. 2410.00 and has touched a high and low of Rs. 2506.95 and Rs. 2402.35 respectively. So far 33313 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. 1873.05 on 19-Apr-2024.

Last one week high and low of the scrip stood at Rs. 2506.95 and Rs. 2334.20 respectively. The current market cap of the company is Rs. 118624.50 crore.

The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.34% and 8.40% respectively.

TVS Motor Company has recorded monthly sales of 321,687 units in December 2024 with a growth of 7% as against 301,898 units in the month of December 2023. Total two-wheelers registered a growth of 8% with sales increasing from 290,064 units in December 2023 to 312,002 units in December 2024. Domestic two-wheeler registered 215,075 units in December 2024 as against 214,988 units in December 2023.

Motorcycle registered sales of 144,811 units in December 2024 as against 148,049 units in December 2023. Scooter registered a growth of 30% with sales increasing from 103,167 units in December 2023 to 133,919 units in December 2024. Electric Vehicle (EV) sales registered a growth of 79% with sales increasing from 11,288 units in December 2023 to 20,171 units in December 2024.

The company's total exports grew by 22% increasing from 85,391 units registered in December 2023 to 104,393 units in December 2024. Two-wheeler exports registered a growth of 29% with sales increasing from 75,076 units registered in December 2023 to 96,927 units in December 2024. Three-wheeler of the Company registered sales of 9,685 units in December 2024 as against 11,834 units in December 2023.

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.