TVS Motor Company rose 0.16% to Rs 456 after the company launched 2020 range of TVS Apache RTR 200 4V and TVS Apache RTR 160 4V BS-VI motorcycles.
TVS Motor Company introduced the 2020 range of TVS Apache RTR 200 4V and TVS Apache RTR 160 4V motorcycles. This series of TVS Apache RTR 4V motorcycles will be first rollout of BS-VI vehicles from the stable of the company. The motorcycle will be priced between Rs 99,950 to Rs 1,24,000 depending on company's model.The company registered a 18.84% decline in October 2019 to 323,368 units as against sales of 398,427 units in the month of October 2018. Two wheelers sales declined by 19.81% to 308,161 units on YoY basis.
The stock has risen 24.4% in three months compared with a 16.7% rise in the Nifty Auto index.
The stock is trading above its 50 days moving average (DMA) placed at 431.75 and 200 DMA placed at 445.34
TVS Motor Company is engaged in the manufacturing of motorcycles, scooters, mopeds, three wheelers, parts and accessories.
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