TVS Motor Company Ltd Share Price – NSE  /  BSE

Automobile, Mid Cap

TVS Motor Company Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1966, down 1.71% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.8% on the day, quoting at 22093.55. The Sensex is at 72723.77, down 0.92%.TVS Motor Company Ltd has lost around 3.22% in last one month.Meanwhile, Nifty Auto index of which TVS Motor Company Ltd is a constituent, has increased around 5.73% in last one month and is currently quoting at 21680.3, down 0.29% on the day. The volume in the stock stood at 7.1 lakh shares today, compared to the daily average of 9.09 lakh shares in last one month.

The benchmark April futures contract for the stock is quoting at Rs 1975.3, down 1.52% on the day. TVS Motor Company Ltd jumped 68.08% in last one year as compared to a 24.77% rally in NIFTY and a 66.34% spurt in the Nifty Auto index.

The PE of the stock is 47.31 based on TTM earnings ending December 23.

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TVS Motor Company forayed into the premium lifestyle motorcycle segment with the launch of TVS RONIN for its customers in Colombia today.

TVS RONIN is the first 'modern-retro' motorcycle from the company made for those who dare to live the #Unscripted way of life. With this launch in Colombia, TVSM has added another significant product to the market. Designed from the ground up, TVS RONIN is a lifestyle statement that takes inspiration from the modern, new-age rider.

TVS RONIN is designed with the style, technology, and riding experience to promote an unscripted lifestyle for the new generation of urban riders. The 225cc motorcycle weighs 160 Kgs and delivers a whopping 20.4 PS Power, making it one the best power to weight ratio in its category, along with a 19.93 Nm Torque.

The motorcycle has been engineered with unique tech features like rain and urban ABS modes, Glide Through Technology (GTT) and Smart Bluetooth connectivity with voice and ride assistance, in a retro design package. Its brand philosophy - 'Live the Unscripted life' - stems from the motorcycle's unique capabilities, in the city and on the open road application.

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Total two-wheelers sales grew by 12% to 344,446 units in March 2024 from 307,559 units sold in March 2023. Domestic two-wheeler sales jumped 8% to 260,532 units in March 2024 as against 240,780 units sold in the same period a year ago.

Motorcycle registered sales of 171,611 units in March 2024 rising 22% from 141,250 units sold in March 2023. Scooter sales of the company reported 131,472 units in March 2024 as compared to the sale of 128,817 units in March 2023, recording a growth of 2%.

In the electric vehicle segment, the company sold 15,250 units in March 2024, marginally decreased from 15,364 units sold in March 2023.

The company's total exports grew by 23% to 91,972 units in March 2024 as against 75,037 units in March 2023. Two-wheeler exports jumped 26% to 83,914 units in March 2024 from 66,779 units sold in the similar period last year.

In the three-wheeler segment, the sales of the company grew by 6% to 10,146 units in March 2024 from 9,593 units in March 2023.

During the fourth quarter of the FY24, two-wheeler of the company registered a growth of 23% with sales increasing from 8.40 lakh units recorded in Q4 FY23 to 10.32 lakh units in Q4 FY24. Three-wheeler of the company registered a growth of 4% with sales increasing from 0.29 lakh units in the Q4 FY23 to 0.30 lakh units in Q4 FY24. Total exports grew by 40% with sales increasing from 1.85 lakh units posted in Q4 FY23 to 2.50 lakh units in the current quarter.

During the financial year 2023-24, the company registered a growth of 14% with total sales increasing from 36.82 lakh units in FY23 to 41.91 lakh units in FY24. Two-wheeler sales of the company registered a growth of 15% with sales increasing from 35.12 lakh units in FY23 to 40.45 lakh units in FY24. Three-wheeler of the company registered 1.46 lakh units in FY24 which is 13.60% lower than 1.69 lakh units recorded in FY23. Total exports fell 5.14% to 10.13 lakh units sales in FY24 as against 10.68 lakh units recorded in FY23.

TVS Motor Company is a reputed two and three-wheeler manufacturer globally. It has four manufacturing facilities in Hosur, Mysuru and Nalagarh in India and Karawang in Indonesia. TVS Motor's group company Norton Motorcycles, based in the United Kingdom, is one of the most emotive motorcycle brands in the world. Its subsidiaries in the personal e-mobility space, Swiss E-Mobility Group (SEMG) and EGO Movement have a leading position in the e-bike market in Switzerland.

The company reported 59.11% jump in consolidated net profit to Rs 478.75 crore on 25.38% increase in revenue from operations to Rs 10,113.94 crore in Q3 FY24 over Q3 FY23.

The scrip shed 0.27% to Rs 2,134.40 on the BSE.

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TVS Motor Company registered a growth of 12% with sales increasing from 317,152 units in March 2023 to 354,592 units in March 2024.

Two-Wheeler Total two-wheelers registered a growth of 12% with sales increasing from 307,559 units in the month of March 2023 to 344,446 units in March 2024. Domestic two-wheeler registered growth of 8% with sales increasing from 240,780 units in March 2023 to 260,532 units in March 2024.

Motorcycle registered a growth of 22% with sales increasing from 141,250 units in March 2023 to 171,611 units in March 2024. Scooter registered a growth of 2% with sales increasing from 128,817 units in March 2023 to 131,472 units in March 2024.

Electric Vehicle The Company achieved the highest Vahan retails in March 2024. Electric Vehicle dispatches are moderated for smooth transition into the new EV incentive scheme from the Government. The electric vehicles recorded sales of 15,250 units in March 2024 as against sales of 15,364 units in March 2023.

International Business The Company's total exports registered a growth of 23% with sales increasing from 75,037 units in March 2023 to 91,972 units in March 2024. Two-wheeler exports registered a growth of 26% with sales increasing from 66,779 units in March 2023 to 83,914 units in March 2024.

Three-Wheeler Three-wheeler of the Company registered a growth of 6% with sales increasing from 9,593 units in March 2023 to 10,146 units in March 2024.

Fourth Quarter Sales Performance FY 2023-24: During the fourth quarter of the financial year 2023-24, two-wheeler of the company registered a growth of 23% with sales increasing from 8.40 Lakh units in the fourth quarter of financial year 2022-23 to 10.32 Lakh units. Three-wheeler of the company registered a growth of 4% with sales increasing from 0.29 Lakh units in the fourth quarter of financial year 2022-23 to 0.30 Lakh units in the fourth quarter of the financial year 2023-24. Total exports registered a growth of 40% with sales increasing from 1.85 Lakh units in the last quarter of FY 2022-23 to 2.50 Lakh units in the current quarter.

Sales Performance FY 2023-24: During the financial year 2023-24, the company registered a growth of 14% with total sales increasing from 36.82 Lakh units in FY 2022-23 to 41.91 Lakh units. Two-wheeler sales of the company registered a growth of 15% with sales increasing from 35.12 Lakh units in FY 2022-23 to 40.45 Lakh units in FY 2023-24. Three-wheeler of the company registered 1.46 Lakh units in FY 2023-24 as against 1.69 Lakh units in FY 2022-23. Total exports registered 10.13 Lakh units sales in FY 2023-24 as against 10.68 Lakh units in FY 2022-23.

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