TVS Motor rides high on logging sales growth of 13% in October 2024
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TVS Motor Company is currently trading at Rs. 2426.10, up by 14.05 points or 0.58% from its previous closing of Rs. 2412.05 on the BSE.
The scrip opened at Rs. 2412.05 and has touched a high and low of Rs. 2455.00 and Rs. 2395.80 respectively. So far 6041 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. 1600.65 on 06-Nov-2023.
Last one week high and low of the scrip stood at Rs. 2543.40 and Rs. 2395.80 respectively. The current market cap of the company is Rs. 115106.48 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 489,015 units in October 2024 with a growth of 13% as against 434,714 units in the month of October 2023. Total two-wheelers registered a growth of 14% with sales increasing from 420,610 units in October 2023 to 478,159 units in October 2024. Domestic two-wheeler registered growth of 13% with sales increasing from 344,957 units in October 2023 to 390,489 units in October 2024.
Motorcycle registered a growth of 14% with sales increasing from 201,965 units in October 2023 to 230,822 units in October 2024. Scooter registered a growth of 17% with sales increasing from 165,135 units in October 2023 to 193,439 units in October 2024. EV sales registered a growth of 45% with sales increasing from 20,153 units in October 2023 to 29,308 units in October 2024.
The company's total exports registered a growth of 9% with sales increasing from 87,952 units in October 2023 to 95,708 units in October 2024. Two-wheeler exports registered a growth of 16% with sales increasing from 75,653 units in October 2023 to 87,670 units in October 2024. Three-wheeler registered sales of 10,856 units in October 2024 as against 14,104 units in October 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.
