Page 12 - Tvs Motor

TVS Motor launches new TVS Radeon, to address rural commuter demand

The new 110cc motorcycle will expand the company's offerings in the segment

TVS Motor pumps additional Rs 60 million into e-vehicle firm Ultraviolette

The additional investment will be deployed for continued product engineering and further expansion of Ultraviolette Automotive's core R&D team and facility

For now, TVS will focus on BS-VI and not electric: Venu Srinivasan

Expects two-wheeler industry to grow by 10 % in 2018-19

TVS Motor Q1 profit up 13% on higher sales, but falls short of estimates

Overall two-wheeler sales, including exports, rose 14% with motorcycle sales outpacing scooter sales

TVS Motor: Higher volumes, premium launches seen as key drivers of earnings

A key trigger for the stock is the premiumisation of its portfolio

TVS Motor: Double-digit margin still a dream

Operating profit margins at 7% way below estimates

TVS Motor Company Q4 profit misses expectations, rises 31% to Rs 1.66 bn

The company's total exports grew by 45.3 per cent to 1.61 lakh units in the fourth quarter of 2017-18 as compared to 1.11 lakh units in the year-ago period

TVS NTORQ 125cc scooter launched, price in India pegged at Rs 58,750

Scooter has a fully-digital instrument cluster and smartphone connectivity; its aggressive pricing could give it an egde over competition

TVS buys 14.8% stake in electric two-wheeler firm Ultraviolette for Rs 5 cr

TVS Motor has acquired a minority stake in Bengaluru-based electric two-wheeler and energy infrastucture start up Ultraviolette Automotive Pvt Ltd.The company will acquire 14.78 per cent stake, or 6750 equity shares of Rs 10 each for Rs 7409 per share. The total cost of acquisition would be around Rs 5 crore, according to a company filing with the exchanges. Ultraviolette, founded on December 18, 2015, is aiming to build an ecosystem that addresses the transportation needs of an urban environment. According to reports, it is into designing and developing a motorcycle and battery packs, which could have modern premium looks. It has reported a total revenud of Rs 3.21 lakh in 2016-17, shooting up from Rs 31,570 in 2015-16.The investment comes in line with the automakers' efforts to bring in clean energy technology to substitute the traditional fuels amidst growing concerns over a depleting environmental health. It may be noted that in October 2016, Hero MotoCorp has acquired 26-30 per ..

TVS Motor scores on volumes, market share

Cost control initiatives should improve margins

TVS revs up on the premium track

The company sharpens the pitch on design and style to get a grip on the high-end bike market, hopes to leverage its alliance with BMW

TVS Motor profit up 20%, co declares interim dividend

The two-wheeler majors margin was 8.7 per cent, which was higher than the market estimate

TVS Motor in the fast lane

The TVS Motor stock has been hitting successive 52-week highs on strong volume performance in September and market share gains in the two wheeler space. In addition to the sales, the company is expected to post strong September quarter results. And, the road ahead, too, is looking good. Volumes in September month for TVS Motor were up 23 per cent year-on-year, led by a 43 per cent increase in scooter despatches. Scooters account for 34 per cent of the company's volumes currently. The increasing scooterisation being witnessed by the industry is expected to help TVS gain on the volumes and market share fronts. Share of scooters in two wheeler industry's volumes increased by 400 basis points year-on-year to 34 per cent in the June quarter led by the southern region. Scooters now account for 45 per cent of two wheeler sales in this region. For TVS Motor, its market share in the scooter segment increased by 50 basis points year-on-year to 13.8 per cent. The scooter portfolio of TVS ...

TVS Motor acquires entire stake of TVS MS

The move will make TVS Credit Services, an NBFC, its subsidiary

TVS Motor to invest Rs 500 cr in FY18

TVS Motor, maker of two-wheelers and three-wheelers, plans to invest Rs 450-500 crore this financial year, mostly on new products. Despite the impact created by demonetisation, the goods and services tax and higher emission norms, TVS says it is confident of a double-digit operating earnings margin.K N Radhakrishnan, chief executive, said till last October (the financial year starts in April), the industry was growing at 12 per cent, while TVS' was 18.6 per cent. After which, industry growth came down to 5.3 per cent, while TVS growth dropped to 11.3 per cent. He expects TVS to increase its market share by 1.5 percentage points this year.He said he expected the industry to come back to the earlier growth trajectory and for TVS growth to be higher. During the first quarter of 2017-18, the industry grew 8.6 per cent, while TVS grew at 12 per cent, he said in an analyst call.S G Murali, the company's finance head, said by the second half of the year, the plan was to launch a new ...

TVS Motor acquires 24% stake in online marketplace RentOnGo

TVS Motor Company Ltd has acquired a 24 per cent stake in RentOnGo, an online marketplace for renting bikes. The two-wheeler and three-wheeler maker invested Rs 1.5 crore in the Bengalaru-based start-up.While TVS Motor did not respond to Business Standard's query, in a filing the company said that the investment is from the futuristic outlook on the emerging pay-by service model.The investment was made in Condivision Solutions Pvt. Ltd, which operates RentOnGo. The company was founded in 2012 by Nikhil Chhabra and Vikash Jalan.Condivision turnover in 2016-17 was Rs 31 lakh as compared to Rs 15 lakh in 2015-16 and Rs 3 lakh in 2015.It currently has presence in Bengaluru, New Delhi, Hyderabad, Mumbai and Pune,according to the company website.In December 2015, RentOnGo raised an undisclosed amount in angel funding from Snapdeal's former chief product officer Anand Chandrasekaran, GSF India founder Rajesh Sawhney, Kalpana Tatavarti (partner, Interweave Consulting), Shivanandan Pare ...

Margin expansion key trigger for TVS Motor

New launches coupled with improving product mix will rub off positively on volumes and margins

TVS Motors is all set to launch an electric bike by March 2018

Currently, TVS sees the availability of lithium as an obstacle when it comes to electric vehicles

TVS Motor gets patent related to headlamp mounting arrangement

TVS Motor has received patent protection for its innovation related to a headlamp mounting arrangement, which may save a potential damage the conventional headlamp may cause to the front cover of the vehicle.This is expected to improve the life of its the front portion of the two wheeler and may result in saving part of repairing cost. The company claims that the structure would improve the lifespan of the fixtures in the front cover of the motorcycle.Conventionally, a headlamp assembly is mounted on a handle bar of a motorcycle, mounted on a front cover which contains other signaling devices, while the controls are in a rear cover.The headlamp assembly fixtures are usually made of plastic or such other material and a substantial weight of the headlamp is sustained by the assembly fixtures and front cover. The durability of the lugs and the front cover are adversely affected because of this and in a long run, it mat get slackened and may break in extreme cases, leading to the ...

GST rollout won't affect us, minor change in pricing at the most: TVS Motor

Two wheeler major TVS Motors has said that it is not expecting any major impact due to the Goods and Services Tax (GST) implementation, though there might be initial issues. The company is looking at being a strong No.2 player in the scooter market in the country in the near term, said Aniruddha Haldar, VP Marketing - Scooters, TVS Motor Company."If you look at it for the year, I wont think it will affect us. The rate is not really different for us pre and post GST. So it is not that there will be a huge price benefit. It will be between 28-30 per cent now. There is no much of a change," he said.For a period of one or two months, when the system is transitioning, a movement from one month to the other may happen. "We are hoping that it is not going to be too much," he added. He added that the pricing may have a minor change, but not a fundamental change.Commenting on the company's position in the scooter market, he said that there was a brief period when the company lost its second ...