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TVS Motor signs MoU with FCDO to offer Chevening Scholarships for students

Two and three-wheeler major TVS Motor Company has signed a memorandum of understanding with The Foreign, Commonwealth and Development Office to offer Chevening TVS Motor Company Scholarships to candidates who show great potential to become decision-makers, the company said on Thursday. The Chevening Programme, is a scholarship programme that aims to attract select students around the world who demonstrate greatest potential to become leaders, decision-makers in their own country. The United Kingdom government's global scholarship programme is awarded to those individuals with strong academic backgrounds who can also demonstrate their leadership potential, a company statement said here. "At TVS Motor Company it has been our endeavour to create future leaders and support them in their journey. Our collaboration with FCDO and the Government of United Kingdom is a testimony to this commitment," TVS Motor Company MD, Sudarshan Venu said. "This partnership is an unique opportunity for th

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TVS Motor zooms 109% from March'22 low; m-cap crosses Rs 50,000 crore

At 10:59 am; TVS Motor Company's market capitalisation stood at Rs 50,312 crore, the BSE data shows.

TVS Motor's sales rise 15% to 333,787 units in August, exports slip

TVS Motor Company on Thursday reported a 15 per cent growth in total sales at 3,33,787 units for August 2022. The company had sold 2,90,694 units in the same month last year, TVS Motor Co said in a statement. The total two-wheelers sales grew by 15 per cent last month to 3,15,539 units compared to 2,74,313 units in August 2021. Domestic two-wheeler sales were 2,39,325 units against 1,79,999 units in the year-ago month, a growth of 33 per cent. Motorcycle sales grew by 17 per cent to 1,57,118 units compared to 1,33,789 units in August 2021. Scooters sales rose 40 per cent to 1,21,866 units in August 2022 from 87,059 units a year ago. The company said three-wheeler sales last month stood at 18,248 units compared to 16,381 units in the year-ago period, up 11 per cent. The total exports of vehicles slipped to 93,111 units in August 2022 from 1,09,927 units in August 2021. TVS said sales of its electric scooter TVS iQube Electric stood at 4,418 units last month against 649 units in A

TVS to acquire 48% stake in two-wheeler startup DriveX for Rs 85 cr

TVS Motor Company on Wednesday said it will acquire 48 per cent stake in Narain Karthikeyan's pre-owned two-wheeler startup 'DriveX' for a consideration of Rs 85 crore. The company said it will acquire 48.27 per cent stake in NKars Mobility Millennial Solutions Pvt Ltd (NMMSPL), which operates under the brand DriveX', through primary and secondary investments. Founded by Formula 1 driver Karthikeyan, DriveX is into leasing of two-wheeler motorcycles and scooters and selling, trading, and distributing pre-owned two-wheeler motorcycles and scooters. "DriveX has a vision to bring a change in this segment by building trust, assurance, and transparency through end-to-end, high-quality products and customer experience through innovative solutions. We are confident of DriveX ability to deliver on this vision," TVS Motor Company Managing Director Sudarshan Venu said in a statement. DriveX Founder and CEO Karthikeyan said DriveX is a digital first business, serving all brands with ...

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Stocks to Watch today: Cigarettes-to-hotels major ITC on Monday reported a 33.98 per cent year-on-year (YoY) jump in its consolidated net profit, which came in at Rs 4,389.76 crore

TVS Motor back in black, Q1 consolidated net profit zooms to Rs 305 crore

Motorcycle sales registered 4.34 lakh units against 4.05 lakh units in the quarter ended June 2021.

TVS Motor posts net profit of Rs 297 cr in Q1; total income rises 57%

TVS said it recorded the highest two-wheeler exports of 296,000 units in the first quarter compared to 290,000 units a year ago

TVS Motor to ride strong on profitability gains in FY23: Brokerages

Volume recovery, market-share gains, and EV plans are other triggers

TVS Motor launches Ronin motorcycle for premium lifestyle segment

Ronin motorcycle will have technology like voice assistance and enhanced connectivity and it will have an exclusive range of branded merchandise and custom accessories, TVS Motor Company said

TVS Motor Co reports 22% rise in total sales at 308,501 units in June

Total two-wheelers sales grew 23 per cent last month at 2,93,715 units as against 2,38,092 units in June 2021, it added.

TVS to bet on electric vehicles; to come up with 5-25-kW products

TVS Motor Company is coming up with multiple products in the two- and three-wheeler segments

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ITC, Varun Beverages, TVS Motor Company, Coromandel International and Hindustan Aeronautics can rally up to 25 per cent, technical charts suggest

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TVS Motor Company buoyant on hopes of volume and margin expansion

Plans in EV space is another trigger; but investors should await better entry point

Here's why Vinay Rajani recommends buying TVS Motors, Bharat Electronics

The technical analyst from HDFC Securities expects near-term support for the Nifty at 16,300, below which it can slide to 16,000-mark.

TVS Motor aims to build sustained dominant play in EV sector via PLI scheme

TVS Motor Company aims to build a "sustained dominant play" in the electric vehicle segment by leveraging various government initiatives like production-linked incentive scheme, among others

TVS appoints Sudarshan Venu as MD, elevating chairman emeritus' son

Automobile company announces leadership role as net profit dips 5 per cent in March quarter.

TVS Motor April sales rise 24% to 295,308 units; exports increase 6%

TVS Motorcycle sales grew by 4%, from 133,227 units in April 2021 to 139,027 units in April 2022

TVS Motor partners Rapido to expand reach in mobility, hyper-local segments

TVS Motor Company on Wednesday said it has entered into a strategic partnership with on-demand delivery and mobility platform, Rapido for mobility and growth