TVS Motor Company shines on logging sales growth of 17% in January
TVS Motor Company is currently trading at Rs. 2616.35, up by 58.70 points or 2.30% from its previous closing of Rs. 2557.65 on the BSE.
The scrip opened at Rs. 2556.85 and has touched a high and low of Rs. 2639.95 and Rs. 2523.85 respectively. So far 15404 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. 2688.70 and Rs. 2218.00 respectively. The current market cap of the company is Rs. 124244.78 crore.
The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.21% and 8.53% respectively.
TVS Motor Company has recorded monthly sales of 397623 units in January 2025 with a growth of 17% as against 339513 units in the month of January 2024. Total two-wheelers registered a growth of 18% with sales increasing from 329937units in January 2024 to 387671 units in January 2025. Domestic two-wheeler sales registered a growth of 10% at 293860 units in January 2025 as against 268233 units in January 2024.
Motorcycle registered a growth of 12% with sales increasing from 155611 units in January 2024 to 174388 units in January 2025. Scooter registered a growth of 29% with sales increasing from 132290 units in January 2024 to 171111 units in January 2025. Electric Vehicle (EV) sales registered a growth of 55% with sales increasing from 16276 units in January 2024 to 25195 units in January 2025.
The company's total exports grew by 46% increasing from 69343 units in January 2024 to 101055 units in January 2025. Two-wheeler exports registered a growth of 52% with sales increasing from 61704 units registered in January 2024 to 93811 units in January 2025. Three-wheeler of the company registered growth of 4% with sales increasing from 9576 units in January 2024 to 9952 units in January 2025.
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.
