TVS Motor: Sept sales moderate, expect volume uptick during Diwali season

The company is banking on a strong portfolio and rural growth to outperform the sector

While TVS Motor outperformed the sector in the September quarter, it was not a great start to the festival season. The company indicated that the sales in the current month were moderate and expects the same to improve in the run-up to Diwali on November 7. With the Diwali part of the season accounting for over 70 per cent of the sales during the festival period, the street will keep an eye on how two-wheeler sales move during the next fortnight. 

The street’s bearish stance on the two-wheeler stocks can be gauged from the 25-32 per cent fall the stocks