TVS Motors

Stock more vulnerable than peers, given weak margins, volumes

Firm resumed India operations in a graded manner across its factories in Hosur, Mysuru, and Nalagarh

While the company expects to outdo the industry on domestic sales and exports, its capex in the current year is likely to come down substantially

The overall two-wheeler and three-wheeler sales including exports registered 633,000 units in the quarter as against 907,000 units registered in the quarter ended March 2019

Hyundai begins preparations; a few others restart operations

Maruti, Skoda among others are aready in this list though many have exported; TVS shipped 8,134 two-wheelers abroad

Founded by James Lansdowne Norton, in Birmingham, in 1898, Norton Motorcycles is among the most popular British motorcycle brands of all time and is one of the most emotive marques today

Brokerages prefer Bajaj and Hero, given its weak financial profile and premium valuation

Sales across categories were down 55.5% to 144,739 units in March 2020; company says lockdown forced large-scale loss of production

Ties up with Sastra University, which already has a design in place; plans to make a million masks

The company hopes its overseas push will help compensate for the slowing sales domestically

Majority of the stakeholder approved the reappointment of Srinivasan as CMD of the company for a further period of five years from April 24, 2020

While motorcycle sales, which account, for about a half of overall volumes fell 3.3 per cent, sales of scooters, its second largest segment, fell 30 per cent to 60,000 units.

According to Crisil estimate, around 18% of automobile component imports and nearly 30% of tyre imports come from China

Total income of the company declined to Rs 4,779.32 crore for the third quarter as compared with Rs 5,123.50 crore in the year-ago period, TVS Motor Company said in a regulatory filing

PBT for the quarter ended December 2019 after exceptional item stood at Rs. Rs.145.7 crore as compared to Rs 258.45 crore, a year ago.

TVS Motor Company on Saturday said it has forayed into electric segment with the launch of an e-scooter, priced at Rs 1.15 lakh (ex-showroom Karnataka). Equipped with 4.4 kw electric motor, the TVS iQube Electric can achieve a top speed of 78 kmph with a range of 75 kms in one full charge. The scooter can accelerate from of 0 to 40 kmph in 4.2 seconds. The model also comes with TVS SmartXonnect platform which encompasses multiple features such as geo-fencing, remote battery charge navigation, among others. "As India moves ahead, its mobility solutions would increasingly be total experience-led, nowhere is this felt sharper than among the youth of India. Our focus on the Green & Connected' youth of India, is embodied, in the first of the TVS Electric portfolio," TVS Motor Company Chairman Venu Srinivasan said. The electric scooter was launched by Karnataka Chief Minister B S Yediyurappa and Union Transport Minister Nitin Jairam Gadkari, along with Srinivasan.

The launch of the scooter witnessed a huge turnaround in the Sri Lankan scooter market, TVS Lanka CEO Ravi Liyanage said

TVS Motors would have an assurance of robust service support from Greaves, enhancing the value proposition of the auto-rickshaws in a competitive market segment

The company's exports were up 26.65% to 74,060 units this November, from 58,476 units a year ago