Chennai, June 2 : Two- and three-wheeler manufacturer TVS Motor Company Ltd. closed May with 27 percent sales growth, the company said Monday.
In a statement the company said it sold 210,293 units last month, up from 165,151 units sold in May 2013.
Total two-wheeler sales increased from 159,346 units in May 2013 to 201,234 units in May 2014.
Three-wheeler sales of the company grew from 5,805 units in May 2013 to 9,059 units in May 2014.(IANS)
Chennai, May 5 : Two- and three-wheeler maker TVS Motor Company will start rolling out bikes for German auto major BMW during the second half of next year, a top company official said Monday.
The company will also launch new products to fill up the vacuum in its product line-up.
Speaking about the tie-up with the German group, Venu Srinivasan, chairman and managing director of TVS Motor, told newsmen: "It will be ready in the second half of next calendar year. It will be brand new platform for the BMW."
Chennai, April 1 : Two- and three-wheeler maker TVS Motor Co Ltd closed last month with 17 percent increase in sales over previous year's corresponding period.
In a statement issued Tuesday, the company said it sold 196,826 units last month, up form 167,583 units sold in March 2013.
The company's total sales last month included 188,822 two-wheelers and 8,004 three-wheelers. In March 2013, TVS Motor sold 162,507 two-wheelers and 5,076 three-wheelers. (IANS)
Chennai, Feb 1 : Two- and three-wheeler manufacturer TVS Motor Company Saturday said it registered six percent sales growth last month compared to the corresponding period in 2013.
In a statement issued here, the company said it sold 186,313 units (two-wheelers 179,576 units, three-wheelers 6,737 units) last month against 175,931 units (two-wheelers 171,513 units, three- wheelers 4,418 units) sold in January 2013.
Within the two-wheeler segment, the company logged 19 percent sales growth in the scooters to 45,198 units.
Chennai, Sep 16 : Launching Jupiter, a scooter for men, two- and three-wheeler maker TVS Motor Company Ltd said it will launch a new model every quarter from now.
"Every quarter from now there will be a new bike from TVS Motor. In January we will launch Scooty Zest. We will sell 20,000 units of Jupiter by December. While the launch in north India happened today (Monday), the model will be launched in south India this November," chairman and managing director Venu Srinivasan told reporters here Monday.
TVS Motor Company has said that its sales have fallen by a disappointing 6.17 per cent during the month of May 2013.
The company said in a statement that it was able to sell a total of 1,65,151 units during the month of May compared to 1,76,012 units sold during the May of 2012. In the two-wheeler segment, the company recorded a fall of 8 per cent in sales at 1,59,346 units compared to 1,73,092 units May 2012.
Two-wheeler arm of German luxury automotive major, BMW Motorrad has entered into an agreement with India's fourth largest two-wheeler maker, TVS Motor Co to jointly develop motor bikes in India.
The two companies are planning to offer `Made in India' bikes in the below 500 CC segment. BMW has already signed the long term joint technical co-operation and manufacturing agreement with the Indian two-wheeler major based in Hosur, near Bangalore.
Chennai, April 1 : Two- and three-wheeler maker TVS Motor Company Ltd. closed last month with a fall of 14,938 units in sales, as compared to the sales logged during March 2012.
In a statement Monday, the company said it recorded total sales of 1,67,583 units last month against 1,82,527 units registered in March 2012.
In the two-wheeler segment, TVS Motors sold 1,62,507 units during the period under review against 1,80,274 units sold in March 2012.
The company logged growth in the three-wheeler segment selling 5,076 units last month, up from 2,253 units sold in March 2012.(IANS)
Two-wheeler maker TVS Motor Co on Friday reported a decline in profit for the October-December quarter, despite a marginal increase in revenue.
TVS announced that its revenue jumped to Rs 1,799 crore in the three months through December 31, from Rs 1,775 crore in the corresponding three months in the previous year. However, profit before tax slipped from Rs 76 crore to Rs 67 crore, while profit after tax dropped from Rs 57 crore to Rs 52 crore.
Indian two-wheeler giant, TVS Motor has recorded a fall of 2 percent in sales during the month of November this year due to a fall in the sales of scooters and low demand in international markets.
TVS Motor said that is sales has fallen 2 per cent to 171,837 units during the month compared to 175,535 units sold in the same month of the previous year. The sales of two-wheeler vehicles fell 3.5 percent to 166,783 units while that of three-wheeler commercial vehicle increased 87 percent 5,054 units during the month.
TVS Motor Co, India's fourth-largest two-wheeler manufacturer, suffered a fall of 41.5 per cent in its second quarter net profit year-on-year.
The Chennai-headquartered two-wheeler company said its profit after tax fell to Rs 45 crore in the second quarter of current fiscal, against Rs 77 crore in the corresponding period of previous fiscal.
Profit before tax dropped 42.5 per cent Rs 101 crore to Rs 58 crore over the same period; while revenue slipped 15 per cent year-on-year, from Rs 1,991 crore to Rs 1,691 crore.
Indian two-wheeler industry suffered decline in sales for the first time in more than three years in August this year, mirroring the prevalent slowdown in the country's economy.
Manufacturers sold a little less than 1.2 million scooters and motorcycles in August this year, 5.5 per cent less than the 1.3 million sales in the corresponding month of 2011.
TVS Motor Company has said that its total sales increased by 5 per cent in the month of January 2012 to the level of 173,514 units compared to 165,152 units in January 2011.
The cumulative sales for the period April 2011 to January 2012 increased by 10 per cent to 1,843,554 units compared to 1,678,048 units n the same previous of previous year. The sales increased by 6 per cent to 171,112 units in January 2012 compared to 161,725 units in January 2011.
According to reports, TVS Motor Company experienced an increase of 45.65% in its net profit at Rs 58.80 crore for the 1st quarter, which ended on the 30th of June.
Also, the company is said to have posted a net profit of Rs 40.37 crore in the corresponding period the previous year, and the total income in the first quarter surged by 25.35% to Rs 1,746.03 crore from Rs 1,392.96 crore then.
TVS Motor’s (TVSL) Q4FY11 results were disappointing on all counts - topline, margin and bottomline. Realisations inexplicably dropped 2.6% QoQ to Rs30.6k/unit as against our estimate of Rs32k/unit. Drop in realisations led to a 120bps contraction in margins to 5.6%. An increase in tax rate further added to the woes as the company reported a profit of Rs417mn as against our estimate of Rs600mn.
Technical analyst Hitesh Eidnani of Trend Tech Consultants maintained 'hold' rating on TVS Motor Company Limited stock with a stop loss of Rs 58.
According to analyst, the investors can exit the stock on rally to around Rs 75-80 in the short term.
But investors should hold with a long-term view for good gains, he added.
Today, the stock of the company opened at Rs 62.40 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 87.45 and a low of Rs 30 on BSE.
Current EPS & P/E ratio stood at 4.41 and 13.74 respectively.
Depending upon sturdy sales growth, TVS Motor Co recorded an over two-fold increase in its PAT for the third quarter ended December 31, 2010.
India's leading two wheeler manufacturer TVS Motor Company is ready to make an investment of around Rs 400 crore by 2012 with the aim to increase its yearly production capacitance by two folds.
After expansion, the company will be able to produce four million units on a yearly basis.
In a major announcement, the Chennai-based, TVS Motor Company will bring back the Flame, the 125 cc motorcycle that was at the centre of a patent litigation between the company and Bajaj Auto two years ago.
TVS Motor's Chairman and Managing Director, Mr Venu Srinivasan recently said that the company has been selling small volumes on the Flame in the past months.
However, the CMD of the company also mentioned the fact that TVS Motors is now in the process of switching back to the 'twin spark-plug' version of the motorcycle and the production of the same is set to start soon.
India's No 3 two-wheeler maker, TVS Motor Co has declared its first quarter financial results for the fiscal year 2010-11. It has informed that the net profit of the company has gone up by an impressive two-fold rise in the quarter under review.
The company has posted a net profit of Rs 403.78 million for the quarter that ended in 30th June, 2010. This net profit figure was Rs 181.2 million for the same quarter in the last fiscal. This has been informed by TVS Corporation in a filing at the Bombay Stock Exchange.
Technical Analyst Ashwani Gujral has maintained 'buy' rating on TVS Motor Ltd stock to achieve an intraday target of Rs 104.
According to Mr. Gujral, the investors can buy the stock with stop loss of Rs 90.
The shares of the company, on May 27, closed at Rs 97.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 104.90 and a low of Rs 40.50 on BSE.
Current EPS & P/E ratio stood at 5.25 and 18.99 respectively.
TVS Motor recorded a surge of 28% in its sales for the month of April.
- Marathon Pharma to sell decades-old drug to treat DMD for $89,000
- FedEx Launches FedEx Fulfillment for Small Business to Compete with Amazon
- CDC updates 2017 advisory for recommended flu shots
- Coca-Cola Helped by Strong North American Demand but Company Issues Lackluster Future Guidance
- Women with dense breasts more likely to develop breast cancer: study