TVS Motor Company Ltd (TVSMOTOR)

TVS Motor Reports Strong Sales Growth and Family Pact - 02 May, 2024

TVS Motor Company Ltd reports a 25% YoY increase in sales for April'24, with consolidated net profit jumping by 59.11% in Q3 FY24. The company also enters into a unique pact preventing family members from competition.

TVS Motor Reports Strong Sales Growth in April - 01 May, 2024

TVS Motor Company Ltd reported a 25% YoY increase in total sales for April 2024, with two-wheeler sales surging by 27% and domestic sales growing by 29%. The company also saw growth in motorcycle and scooter sales, as well as electric vehicle sales. Total exports grew by 12%.

TVS Motor Company Displays Electric Scooter in Philippines - 27 Apr, 2024

TVS iQube, the electric scooter from TVS Motor Company, is being showcased for the first time at Makina Motoshow in Manila. With cutting-edge EV technology and zero tailpipe emissions, it represents the future of urban commuting.

TVS Motor Company Ltd Up 0.84% Despite Nifty Drop - 26 Apr, 2024

TVS Motor Company Ltd gained for a fifth straight session, up 0.84% to Rs 2022.65 on the NSE despite NIFTY dropping around 0.29%. The stock has slipped around 4.73% in the last month but is up 78.6% in the last year compared to a 25.61% spurt in NIFTY and a 69.64% spurt in the Nifty Auto index.

TVS Motor Receives Positive Analyst Rating and Ultraviolette Launches New Electric Motorcycle - 24 Apr, 2024

Emkay Global Financial Services recommends buying TVS Motor with a target price of Rs 2,250/share. Meanwhile, Ultraviolette Automotive launches the F77 MACH 2 electric motorcycle with impressive technology advancements and an unparalleled 323 km IDC range. The news is positive for TVS Motor Company Ltd.

Citigroup Maintains Sell Rating on TVS Motor Company - 19 Apr, 2024

Citigroup has maintained a sell rating on TVS Motor Company but raised the target price to Rs 1450 from Rs 1400 earlier. The competitive intensity seems to be escalating in the E2Ws, and Q4FY24 results could be weak due to lower operating leverage.

TVS Motor introduces new motorcycle in Guatemala, showcasing India's growing influence - 17 Apr, 2024

TVS Motor Company has launched its latest motorcycle, the TVS Ronin, in Guatemala, representing the company's bold foray into a new lifestyle segment. The launch signifies India's expanding presence in Guatemala's market and reflects the strong economic ties between the two countries. Indias exports to Guatemala surpassed $500 million in the 2023-24 financial year, showing remarkable growth of about 9% compared to the previous year.

TVS Motor Company Ltd Drops for Fifth Straight Session - 16 Apr, 2024

TVS Motor Company Ltd's stock continues to decline for the fifth consecutive session, dropping by 1.71% to Rs 1966 on NSE. The stock has lost around 3.22% in the last one month and has a PE of 47.31 based on TTM earnings ending December 23.

TVS Motors' Partnerships with BMW and Mercedes-Benz - 15 Apr, 2024

TVS Motors collaborates with BMW and Mercedes-Benz through its subsidiary TVS Sundaram Motors and Kromberg Schubert Motherson Sumi Systems Pvt. Ltd., respectively. The company's high P/E ratio of 59.4x reflects superior earnings outlook estimated at 39% p.a. for the next three years.

TVS Motor Records Best-Ever Sales Figures - 13 Apr, 2024

TVS Motor Company has recorded its best-ever two-wheeler domestic market sales of 3.15 million units in FY2024, an increase of 21.52% on FY2023's figures. The company also launched the Apache Racing Experience GP to nurture talent. Additionally, TVS and Bajaj Auto notch new milestones with their best-ever 12-month EV sales in FY2024.

TVS Motor Company's Suppliers Achieve Milestones - 12 Apr, 2024

TVS Supply Chain Solutions achieved a milestone by delivering 500,000 CKD kits to TVS Motor Company's export markets, while TVS ILP invested ₹125 crore in a new warehouse in Cuttack, Odisha. The projects are expected to create job opportunities.

TVS Supply Chain Achieves Milestone for TVS Motor Company - 11 Apr, 2024

TVS Supply Chain Solutions has achieved a significant milestone by providing 500,000 complete knock-down (CKD) kits to TVS Motor Company for its two-wheelers exported to 26 countries in Asia and Africa. The Hosur warehouse facility ensures defect-free dispatches with zero defects in CKD assembly.

TVS Motor Company Expected to Post Strong YoY Growth - 09 Apr, 2024

TVS Motor Company is expected to post a 21.5% YoY revenue expansion, aided by volume growth of 22.4% YoY and improved product exports. EBITDA margin growth is expected to be at 98bps YoY, resulting in a PAT growth of 31.3% YoY.

TVS Motor Shares Rise Amidst Rural Demand Boost - 08 Apr, 2024

TVS Motor Company's stock rose by 3% due to factors such as rising rural demand, marriage season, and pre-election government spending. Meanwhile, Ather has fallen behind larger rivals Ola Electric and TVS Motor in e-scooter sales due to discounts.

TVS Motor Launches Retro Motorcycle in Colombia - 05 Apr, 2024

TVS Motor Company has launched TVS RONIN, a modern-retro motorcycle in Colombia. The company's December quarter results surpassed expectations with double-digit revenue growth and an operating margin expansion.

TVS Motor Reports Growth in Sales; Receives Subsidy Certificates - 03 Apr, 2024

TVS Motor Company Ltd registers a growth of 12% in sales with total sales at 41.9 Lakh units in FY 2023-24. The company also receives subsidy certificates under the Electric Mobility Promotion Scheme (EMPS) 2024.