TVS Motor Company shines on reporting 23% rise in total sales during January
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TVS Motor Company is currently trading at Rs. 2019.95, up by 23.00 points or 1.15% from its previous closing of Rs. 1996.95 on the BSE.
The scrip opened at Rs. 2001.95 and has touched a high and low of Rs. 2032.95 and Rs. 2000.00 respectively. So far 8352 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2104.00 on 15-Jan-2024 and a 52 week low of Rs. 990.05 on 02-Feb-2023.
Last one week high and low of the scrip stood at Rs. 2032.95 and Rs. 1928.35 respectively. The current market cap of the company is Rs. 94872.52 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 recorded monthly sales of 339,513 units in January 2024 with a growth of 23% as against 275,115 units in the month of January 2023. Total two-wheelers registered a growth of 25% with sales increasing from 264,710 units in January 2023 to 329,937 units in January 2024. Domestic two-wheeler registered growth of 24% with sales increasing from 216,471 units in January 2023 to 268,233 units in January 2024.
Motorcycle registered a growth of 29% with sales increasing from 121,042 units in January 2023 to 155,611 units in January 2024. Scooter registered a growth of 24% with sales increasing from 106,537 units in January 2023 to 132,290 units in January 2024. EV sales registered a growth of 34% with sales increasing from 12,169 units in January 2023 to 16,276 units in January 2024.
TVS Motor Company is a reputed two and three-wheeler manufacturer.
