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TVS Motor Company trades higher on reporting 12% growth in May sales
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TVS Motor Company is currently trading at Rs. 2247.90, up by 69.10 points or 3.17% from its previous closing of Rs. 2178.80 on the BSE.
The scrip opened at Rs. 2259.80 and has touched a high and low of Rs. 2259.80 and Rs. 2209.65 respectively. So far 8861 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. 1,284.15 on 02-Jun-2023.
Last one week high and low of the scrip stood at Rs. 2270.35 and Rs. 2146.20 respectively. The current market cap of the company is Rs. 105801.90 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 sales growth of 12% increasing from 330,609 units in May 2023 to 369,914 units in May 2024. Total two-wheelers registered a growth of 13% with sales increasing from 319,295 units in May 2023 to 359,590 units in May 2024. Domestic two-wheeler registered growth of 7% with sales increasing from 252,690 units in May 2023 to 271,140 units in May 2024.
Motorcycle registered sales growth of 7% with sales increasing from 162,248 units in May 2023 to 173,627 units in May 2024. Scooter sales registered a growth of 20% with sales increasing from 121,156 units in the month of May 2023 to 145,305 units in May 2024.
Electric vehicles grew by 4% with sales increasing from 17,953 units in May 2023 to 18,674 units in May 2024. The Company's total exports grew by 27% with sales increasing from 76,607 units in May 2023 to 96,966 units in May 2024. Two-wheeler exports grew by 33% with sales increasing from 66,605 units in May 2023 to 88,450 units in May 2024. Three-wheeler of the Company registered sales of 10,324 units in May 2024 as against 11,314 units in May 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.
