The TVS Motor stock was up nearly 4 per cent intraday on volume performance in May which beat analyst estimates. While the company's two wheeler sales was up 15.6 per cent year on year to 2.82 lakh units, scooter sales were up 31 per cent. The motorcycle segment grew sharply by 22 per cent to 1.18 lakh units as against estimates of just over a lakh units. Exports grew by 14 per cent.Going ahead, the company is expected to do well on the back of an improvement in export volumes post the recent tie up in South America and outperformance in the domestic market on new launches. The company is looking to launch a new 110cc scooter with an aim to boost its scooter market share. The new scooter is expected to be priced at a premium to the TVS Scooty Zest model. In addition to this, the company has recently launched the BSIV compliant version of the Jupiter scooter with more colour options at the same price which is expected boost sales of the brand, say analysts at Sharekhan. In addition to .
TVS Motor Company posted a growth of 15.7 per cent in sales during the month of May 2017, at 282,007 units as compared to 243,783 units sold during the month of May 2016.Two-wheeler sales of the company grew 15.6 per cent to 275,426 units during May, 2017, as compared to 238,320 units sales posted the same month of last year. Domestic two-wheeler sales grew by 16.3 per cent to 240,527 units from 206,886 units during May, last year.Scooters sales of the company increased 30.9 per cent to 85,681 units as against 65,434 units and year ago. Motorcycles sales grew by 22.3 per cent to 118,014 units in May 2017, from 96,485 units in May, last year. Exports grew by 14.3 per cent to 40,617 units from 35,545 units sold during May 2016. Two-wheeler exports grew by 11 per cent, to 34,899 units during the month as compared to 31,434 units during the same month last year.Three-wheeler sales of the company has seen a growth to 6,581 units, a 20.5 per cent increase from 5,463 units recorded in May ...
Q4 margin down but this is seen as a blip; aiming at 10% operating profit margin by end of next year
Profit is net of one-time provision of Rs 57 cr for discounts towards BS-III products
Total two-wheeler sales during the month increased by 10.7%
The number one scooter seller in India during the period remained Honda Motorcycle & Scooter India
TVS Motor would upgrade its existing models to gain market share
TVS Motor has bagged a patent for its antilock brake system (ABS) for motorcycle, to overcome the problems or defects or drawbacks encountered in the previous models. The company is currently using the ABS technology in its high end motorcycle TVS Apache, in collaboration with German component manufacturer Continental Corporation.The company says that ABS in motorcycle prevents locking of the front and rear wheels by automatically regulating the braking force acting on the front and rear wheels at the time of braking operation.The patent application was filed in December 2009 and the company claimed that the said invention is to substantially overcome the problems or defects or drawbacks encountered in the known system. It is also to adapt an anti lock brake system control unit in a two wheeled a motorcycle having a tubular frame construction with least modifications in comparison to the existing tubular frame construction without having a provision for ABS unit, it added. Another ...
There are currently more than 1.5 million Jupiter customers on Indian roads
While scooter sales grew by 12%, motorcycle sales down by 27%
Interview with S G Murali, chief financial officer, TVS Motor
Interview with S G Murali, Chief Financial Officer, TV Motor
Domestic sales of mopeds have grown by almost 27% to 7.6 lakh units during April-December period of FY17
In recent years, logistics has been one of the major growth drivers for the group
Domestic slowdown has lead to the drop in overall sales of two-wheelers
To help customers enhance their riding experience
Exports decline by 15.7% during the month
Sources said it will be a 310cc vehicle
The company has reported a revenue growth of 20.6% for the quarter ended September 2016
In 2016-17, TVS targets 15% volume growth, against the estimated industry growth of 8-10%