TVS Motor hits 4-yr low ahead of March auto sales nos; skids 40% in 2-mths

Analysts fear that sales volume in the month of March and April could decline significantly due to the lockdown until April 14 amid the outbreak of coronavirus (Covid-19) pandemic.

Shares of TVS Motor Company hit an over four-year low of Rs 279, down 6 per cent, on the BSE on Wednesday on concerns that sales volume in the month of April could decline significantly due to the lockdown until April 14 amid the outbreak of coronavirus (Covid-19) pandemic.

The stock of the company, which primarily makes two-wheelers and three-wheelers, was trading at its lowest level since March 2016. In the past two months, it has tanked 40 per cent as compared to a 25 per cent decline in the benchmark S&P BSE Sensex.

Given the unprecedented lockdown in the nation, analysts