TVS Motor Company trades higher on reporting 4% rise in total sales during July 2023

TVS Motor Company is currently trading at Rs. 1372.55, up by 2.40 points or 0.18% from its previous closing of Rs. 1370.15 on the BSE.

The scrip opened at Rs. 1370.95 and has touched a high and low of Rs. 1396.00 and Rs. 1362.80 respectively. So far 33322 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1400.55 on 26-Jul-2023 and a 52 week low of Rs. 916.80 on 02-Aug-2022.

Last one week high and low of the scrip stood at Rs. 1396.00 and Rs. 1346.00 respectively. The current market cap of the company is Rs. 64989.54 crore.

The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.54% and 8.19% respectively.

TVS Motor Company has registered a sales growth of 4% increasing from 314,639 units in July 2022 to 325,977 units in July 2023. Total two‐wheelers registered a growth of 4% with sales increasing from 299,658 units in July 2022 to 312,307 units in July 2023. Domestic two‐wheeler registered growth of 17% with sales increasing from 201,942 units in July 2022 to 235,230 units in July 2023.

Motorcycle registered sales growth of 2% with sales increasing from 150,340 units in July 2022 to 153,942 units in July 2023. Scooter sales registered a growth of 5% with sales increasing from 116,500 units in the month of July 2022 to 121,941 units in July 2023.

TVS iQube Electric recorded sales of 13,306 units in July 2023 as against sales of 6,304 units in July 2022. The Company’s total exports registered sales of 89,213 units in July 2023 as against 112,032 units July 2022. Two‐wheeler exports registered sales of 77,077 units in July 2023 as against 97,716 units July 2022. Three‐wheeler of the Company registered sales of 13,670 units in July 2023 as against 14,981 units July 2022.