TVS Motor Company Ltd Share Price – NSE  /  BSE

Automobile, Mid Cap

The Board of TVS Motor Company at its meeting held on 11 September 2023 has approved the appointment of Dr Deepali Pant Joshi as an Additional Director and Non Executive Independent Director on Board of the company with effect from 11 September 2023.

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TVS Motor Company Ltd is up for a fifth straight session today. The stock is quoting at Rs 1489.15, up 0.58% on the day as on 12:39 IST on the NSE. The benchmark NIFTY is up around 0.69% on the day, quoting at 19957.6. The Sensex is at 66994.43, up 0.59%. TVS Motor Company Ltd has risen around 10.73% in last one month.

Meanwhile, Nifty Bank index of which TVS Motor Company Ltd is a constituent, has risen around 6.26% in last one month and is currently quoting at 16102.9, up 1.14% on the day. The volume in the stock stood at 4.03 lakh shares today, compared to the daily average of 11.92 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 1492.95, up 0.51% on the day. TVS Motor Company Ltd is up 41.76% in last one year as compared to a 11.27% spurt in NIFTY and a 22.86% spurt in the Nifty Bank index.

The PE of the stock is 42.93 based on TTM earnings ending June 23.

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The TVS Apache RTR 310 features a 312.2 cc engine with a unique reverse inclined DOHC design. It delivers a peak power of 35.6 PS at 9,700 rpm and a maximum torque of 28.7 Nm at 6,650 rpm. It can accelerate from 0 to 60 km/h in just 2.81 seconds, making it the fastest in its segment. It offers advanced safety features like cornering ABS and traction control.

The TVS Apache RTR 310 is available in three standard variants and three customizable options. The standard variants are Arsenal Black (without Quickshifter) priced at Rs 2,42,990, Arsenal Black priced at Rs 2,57,990, and Fury Yellow priced at Rs 2,63,990. The customizable options are the Dynamic Kit priced at Rs 18,000, Dynamic Pro Kit priced at Rs 22,000, and Sepang Blue priced at Rs 10,000.

Sudarshan Venu, managing director, TVS Motor Company said, TVS Motor Company has always transformed and redefined technology with the TVS Apache series at the helm, where we brought to life tech led innovations such as ride modes, slipper clutch, connectivity, fully adjustable suspension and the Built to Order Platform. The global launch of the all the new TVS Apache RTR 310 marks a momentous occasion for us, as this motorcycle encapsulates Apache's 18 year legacy of innovation and performance. With the TVS Apache RTR 310, we're taking our engineering to a whole new level, offering enthusiasts a motorcycle that's not only powerful but also brings together different technologies to give a unique riding experience. This motorcycle is positioned to be the flagship product for many global markets including India, Europe, LATAM and ASEAN.

TVS Motor Company is a global manufacturer of two and three-wheelers. They have manufacturing facilities in India and Indonesia. The 2-wheeler maker's standalone net profit surged 45.9% to Rs 467.67 crore on 20.12% rise in revenue from operations to Rs 7,217.91 crore in Q1 FY24 over Q1 FY23.

Shares of TVS Motor rose 1.36% to Rs 1478 on 6 September 2023.

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TVS Motor Company registered a sales growth of 4% increasing from 333,787 units in August 2022 to 345,848 units in August 2023.

Total two-wheelers registered a growth of 5% with sales increasing from 315,539 units in August 2022 to 332,110 units in August 2023. Domestic two-wheeler registered growth of 7% with sales increasing from 239,325 units in August 2022 to 256,619 units in August 2023.

Motorcycle registered sales of 153,047 units in August 2023 as against 157,118 units in August 2022. Scooter sales registered a growth of 17% with sales increasing from 121,866 units in the month of August 2022 to 142,502 units in August 2023.

TVS iQube Electric recorded the highest sales of 23,887 units in August 2023 as against sales of 4,418 units in August 2022. Order book for TVS iQube Electric scooter continues to be healthy.

The Company's total exports registered sales of 87,515 units in August 2023 as against 93,111 units August 2022. Two-wheeler exports registered sales of 75,491 units in August 2023 as against 76,214 units August 2022

Three-wheeler of the Company registered sales of 13,738 units in August 2023 as against 18,248 units August 2022.

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