TVS Motor

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Two- and three-wheeler maker TVS Motor witnessed a 1.97 per cent decline in sales in February with sales of 2,76,150 units, the company said on Wednesday. The city-headquartered company had sold 2,81,714 units during the corresponding month of last year. Total two-wheeler sales in February 2023 marginally fell to 2,67,026 units from 2,67,625 units recorded in the same month of last year. Two-wheeler sales in the domestic market grew by 28 per cent to 2,21,402 units from 1,73,198 units sold in February 2022. Sales of motorcycles dropped to 1,26,243 units in February 2023 as compared to 1,43,523 units recorded in the same month of last year. Scooter sales witnessed a 21 per cent jump by registering 1,04,825 units in February 2023 from 86,616 units sold in February 2022, the company said. On its electric vehicle business, TVS Motor said it recorded its highest ever sales of 15,522 units in February 2023 breaching the 15,000-mark as compared to 2,238 units sold in the corresponding m

The $300 million to $350 million investment would value TVS at about $3 billion to $3.5 billion, likely making it India's most valuable EV two-wheeler manufacturer, ET said

Automaker raises share to over 16% with 9,153 registrations in January

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Operating EBITDA grows 16% to Rs 659 crore, EBITDA margin flat at 10.1%

TVS', which operates in 80 countries including South Africa, Argentina and Sri Lanka, revenue from operations rose to Rs 6,545 crore from Rs 5,706 crore

CLOSING BELL: Broader markets, too, turned tepid as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.3 per cent

Motorcycle sales dipped by 6.7% to 124,705 units in Dec 2022; iQube electric sales provide silver lining, rise 10-fold YoY

Company earlier got Rs 487 cr from Castrol India for business and technology collaborations

Manufacturers had already been passed on subsidy amounts to customers, can't sustain any further and are planning go stop operations

TVS Motor Company on Friday said its Singapore-based subsidiary has inked a pact to acquire Electric Vehicle (EV) related technology and assets in Germany. The company, through its wholly-owned subsidiary TVS Motor (Singapore) Pte Ltd (TVSM Singapore) has signed an agreement to acquire the assets, TVS Motor Company said in a statement. TVS Singapore will be acquiring the assets through its subsidiary BBT Vermogensverwaltungs GmbH (name proposed to be changed to Celerity Motor GmbH), it added. The purchase will help strengthen the company's expansion in the electric two-wheeler market globally, TVS Motor said. The company, however, did not disclose financial details.

Automobile stocks like Tata Motor, M&M, HeroMoto Corp, and TVS motors need to cross significant hurdle to rally further

CLOSING BELL: Among sectors, the Nifty IT index fell 1.5 per cent, while the Nifty PSU Bank index gained 1.2 per cent

A promoter entity of TVS Motor Company on Monday offloaded 25.69 lakh shares of the company for Rs 262 crore through an open market transaction. According to the bulk deal data available with the BSE, Srinivasan Trust sold 25,69,726 shares, amounting to 0.54 per cent stake in the company. The shares were disposed of at an average price of Rs 1,020.03 per scrip, taking the transaction value to Rs 262 crore. As of quarter ended September, Srinivasan Trust held 0.54 per cent stake in the company, shareholding data showed with the exchange. Shares of TVS Motor Company closed 3.01 per cent lower at Rs 1,017.75 per piece on BSE. In a separate transaction, Sequoia Capital India Investments IV, an affiliate of Sequoia Capital India sold shares of Go Fashions (India) Ltd for Rs 228 crore through an open market transaction. Sequoia Capital India Investments IV offloaded 20 lakh scrips of the company at an average price of Rs 1,140.14 per piece, taking the transaction value to Rs 228 crore,

At 09:15 am, around 2.6 million or 0.55 per cent holding of the company changed hands at the counter on the BSE, the exchange data shows.

The two key incumbent players, TVS Motors and Bajaj Auto, now account for around 15 per cent share of registrations in the month of November

TVS Motor Company on Thursday said its sales increased by 2 per cent to 2,77,123 units in November. The company had dispatched 2,72,693 units in the year-ago period. The domestic two-wheeler sales registered a growth of 9 per cent increasing to 1,91,730 units last month as against 1,75,940 units previous year. The company said its total exports stood at 84,134 units last month as compared with 96,000 units in the same month last year.

With this deal, which is Castrol's largest all-cash transaction, the firm aims to expand its presence in service and maintenance of ICE vehicles and EVs

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