TVS Motor gains on reporting growth of 3% in March sales

TVS Motor Company is currently trading at Rs. 1094.60, up by 17.20 points or 1.60% from its previous closing of Rs. 1077.40 on the BSE.

TVS Motor Company
TVS Motor Company

The scrip opened at Rs. 1075.00 and has touched a high and low of Rs. 1097.90 and Rs. 1075.00 respectively. So far 17966 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 1177.00 on 19-Oct-2022 and a 52 week low of Rs. 589.10 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 1097.90 and Rs. 1022.60 respectively. The current market cap of the company is Rs. 51739.36 crore.

The promoters holding in the company stood at 50.27%, while Institutions and Non-Institutions held 41.30% and 8.43% respectively.

TVS Motor Company has registered a growth of 3% with sales increasing from 307,954 units in the month of March 2022 to 317,152 units in March 2023. Total two-wheelers registered a growth of 5% with sales increasing from 292,918 units in the month of March 2022 to 307,559 units in March 2023. Domestic two-wheeler registered growth of 22% with sales increasing from 196,596 units in March 2022 to 240,780 units in March 2023.

Motorcycle registered sales of 141,250 units in March 2023 as against 160,522 units in March 2022. Scooter sales registered a growth of 5% with sales increasing from 94,747 units in the month of March 2022 to 128,817 units in March 2023. TVS iQube electric recorded sales of 15,364 units in March 2023 as against sales of 1,799 units in March 2022. Three-wheeler of the Company registered sales of 9,593 units in March 2023 as against 15,036 units March 2022.

The Company’s total exports registered sales of 75,037 units in March 2023 as against 109,724 units March 2022. Two-wheeler exports registered sales of 66,779 units in March 2023 as against 95,962 units March 2022.

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