Companies will examine using electric vehicle for the network and logistical requirements of Amazon business groups
This is part of the larger strategy to strengthen presence in the premium segment where rival Bajaj Auto and Royal Enfield have a stronghold and in which even TVS Motor Co is making rapid strides in
They could replace Piramal Enterprises, Gland Pharma, Mphasis, Muthoot Finance, Bandhan Bank and Paytm, which may move to mid-cap space, reveals analysis by Brian Freitas of Periscope Analytics
Revenue from operations up 32% to Rs 8,561 cr; chip shortage hinders an even better show
Total expenses climbed 27.2% to Rs 66.71 billion
Domestic two-wheeler sales registered growth of 7 per cent increasing from 258,777 units in October 2021 to 275,934 units in October 2022
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
Volume trajectory in the festive season is a key near-term trigger
Two and three wheeler maker TVS Motor has unveiled 2022 models of its flagship Apache range of motorcycles strengthening its product portfolio, the company said on Thursday. Upgraded with a host of features, the motorcycles are priced at Rs 1.17 lakh for the 160 cc (base variant) and Rs 1.30 lakh (ex-showroom New Delhi) for the 180 cc base variant. The power increased in the bikes have led to reduction in weight at two kilograms for the 160 cc bike and one kilogram in 180 cc motorcycle. "TVS Apache series has been built on the racing heritage of TVS Racing to bring superior products into the market that connect with our customers. The introduction of the 2022 range of TVS Apache RTR 160 and 180 is a testament to our commitment towards delighting the Apache community," TVS Motor Head-Business (Premium) Vimal Sumbly said. "These motorcycles will continue their legacy of offering class leading race technologies to transform performance biking and further strengthening our premiumisati
TVS Motor Company on Monday reported a 13 per cent increase in total sales at 3,14,639 units in July. The company had posted a total sales of 2,78,855 units in the same month last year, TVS Motor Company said in a statement. Total two-wheelers sales were up 14 per cent at 2,99,658 units last month, as against sales of 2,62,728 units in July 2021, it added. Domestic two-wheeler sales stood at 2,01,942 units as compared to 1,75,169 units in the year-ago month, up 15 per cent, the company said. "The company has invested in strategic relationships and action plans for the supply of semiconductors and the efforts are yielding results with improvements seen this month as well," it said.
In the past three months, the stock of TVS Motor outperformed the market as it surged 46 per cent, as compared to marginal 0.34 per cent rise in the S&P BSE Sensex.
Stocks to watch today: HDFC, Sun Pharma, and Cipla will report their June quarter results on Friday, July 29; Dr Reddy's saw 108 per cent YoY rise in consolidated net profit to Rs 1,187.6 crore in Q1.
Motorcycle sales registered 4.34 lakh units against 4.05 lakh units in the quarter ended June 2021.
The domestic slowdown and growing acceptability of Made-in-India brands offer opportunities to accelerate the drive to global markets
Shares of TVS Motor and Eicher Motors have rallied up to 20 per cent each in the last one month as against a 6 per cent rise on the Sensex.
TVS Motor Company on Friday said its board will meet later this month to consider raising funds through debentures. The company's board will consider and approve fund raising through issue of non-convertible redeemable debentures on a private placement basis, in one or more tranches/ series, it said in a regulatory filing. Details about the amount that it plans to raise through the issuance of debentures were not disclosed.
Analysts expect 2Ws to reflect strong volumes in Q2FY23 amid strong pent-up demand, and improved mobility in June quarter 2022 (Q1FY23)
Volume recovery, market-share gains, and EV plans are other triggers
CLOSING BELL: It was, largely, a broad-based rally where the Nifty PSU Bank index advanced the most, up 3.4 per cent
Stocks to Watch: Titan on Wednesday said its sales in the April-June quarter were up nearly three-fold on a year-on-year basis, helped by a low base of the Covid-19 impacted quarter in the last year.