Tvs Motor Company

TVS Motor Company's Singapore arm to buy 25% stake in Killwatt GmbH

TVS Motor Company on Tuesday said its Singapore-based arm will acquire a 25 per cent stake in Germany-based electric mobility products and components startup Killwatt GmbH. TVS Motor (Singapore) Pte Ltd, has agreed to acquire a 25 per cent stake in Killwatt GmbH by way of newly issued shares of the latter, amounting to 8,500 common equity shares, the company said in a regulatory filing. The shares are acquired at cash consideration of 235.29 euros per share, translating to a total of nearly 2 million euros (nearly Rs 18 crore). Killwatt's business comprises development, design, manufacture, sale and distribution of high-tech products and components in the field of electric two-wheeler and three-wheeler vehicles, it added. "Killwatt presents great potential which has been conceptualised by the company. This acquisition is aligned with our larger vision of becoming a leading player in the e-personal mobility space and providing our customers with sustainable mobility solutions, and i

TVS Motor Company records increase in March sales by 3% to 317,152 units

TVS Motor Company on Saturday reported a 3 per cent growth in sales at 3,17,152 units in March 2023, as against 3,07,954 units sold in the same month last year. Total two-wheelers sales grew 5 per cent last month to 3,07,559 units, as compared to 2,92,918 units in March 2022, TVS Motor Company said in a statement. Domestic two-wheeler sales were at 2,40,780 units last month, as compared to 1,96,596 units in the year-ago period, up 22 per cent, it added. The company said sales of its TVS iQube electric scooter were at 15,364 units in March 2023, as against sales of 1,799 units in the same month last year. Three-wheeler sales were down at 9,593 units last month, as against 15,036 units in March 2022, it added. Total exports were also lower at 75,037 units in March 2023, as against 1,09,724 units in March 2022. Two-wheeler exports stood at 66,779 units last month, as against 95,962 units a year ago.

TVS Motor records 1.97% decline in sales at 276,150 units in February

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

FAME investigations: Subsidy crunch hurting electric two-wheeler makers

Given the development, industry insiders say that the 1-million-unit target this fiscal year may not be achieved

Stocks to Watch: Adani Group, SBI, Paytm, BoB, HDFC AMC, Auto, SBI Life

Stocks to watch today: The National Stock Exchange (NSE) on Thursday shifted Adani Enterprises, Adani Ports, and Ambuja Cements to a category of stocks that require up to 100 per cent trading margins

TVS Motor Company's vehicle sales rise 3% to 275,115 units in January

TVS Motor Company on Wednesday said its vehicle sales grew 3 per cent in the domestic market at 2,75,115 units in January. The company posted its vehicle sales at 2,66,788 units in the year-ago period. Its total two-wheeler sales registered a growth of 4 per cent at 2,64,710 units in January from 2,54,139 units last year, aided by a 29 per cent growth in the domestic two-wheeler sales, which stood at 2,16,471 units in the reporting month, the company said in a statement. In the two-wheeler sales, motorcycle sales volume dropped 12 per cent at 1,21,042 units in the previous month as against 1,37,630 units in 2022. Scooter sales, however, was up 32 per cent at 1,06,537 units during the month under review from 80,580 units last year, TVS said. The electric scooter iQube recorded its highest-ever sales of 12,169 units last month as against sales of 1,529 units in January 2022, according to the company. The total sales in the overseas market reported a sharp declined of 42 per cent ..

TVS Motor gains 3% in weak market on stable Q3 performance

Domestic demand is expected to improve sequentially in 4Q, supported by better rural market sentiment on the back of strong rabi crop sowing and higher MSPs.

TVS Motor Q3 results: Profit rises 22% to Rs 353 crore on price hikes

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

Post impressive Q2 results: SBI, Coal India look set for up to 21% rally

Coal India, SBI and Adani Enterprises continue to trade with a robust bullishness, while TVS Motor and Bajaj Finance seem to be struggling to hold their ground, technical charts show.

Ather Energy takes on Ola, Okinawa, opens second manufacturing facility

Firm is in also in talks with various state govts to set up a third plant, which when completed, is likely to have a capacity of a million units a year

TVS Motor outperforms two-wheeler peers Hero, Bajaj in Sept quarter

Sector to see volume, margin gains on demand uptick, easing supply issues

Top Headlines: FM likely to begin pre-Budget talks, Musk defends layoffs

Business Standard brings you the top headlines at this hour

TVS Motor Q2 net up 59% to Rs 373 cr amid slowdown, inflation roadblocks

Revenue from operations up 32% to Rs 8,561 cr; chip shortage hinders an even better show

TVS Motor reports lower-than-expected rise in Q2 profit at Rs 407 crore

Total expenses climbed 27.2% to Rs 66.71 billion

TVS Motor Company sells over 300,000 units; sales up by 2% in October 2022

TVS Motor Company Sales Grows by 2 percent in October 2022

TVS, Eicher Motors may be the best bets among two-wheeler stocks; check why

On the other hand, Bajaj-Auto and Hero Moto Corp need to adhere their key supports levels to keep the positive bias intact.

Global financial crisis not to hit India's logistics sector: TVS SCS

Firm's CEO K Sukumar indicates that the rise in domestic consumption and growth in end-user industries has insulated the sector from the meltdown

TVS Motor gains 4%, scales new summit on hopes of strong Q2 earnings

The company said it has had a robust start to the festive season and the demand is expected to further accelerate during the season.

TVS Motor Company roars past Hero MotoCorp in market capitalisation

TVS has seen the highest earnings upgrades among auto makers over the last few months

TVS Motor sales increase 9% in Sept with 379,011 units amid festival season

Domestic two-wheeler registered a growth of 16 per cent, with sales increasing from 244,084 units a year ago to 283,878 units in September 2022