TVS Motor Company Ltd News Today

Domestic two-wheeler sales saw a modest growth of 6%, reaching 3,05,323 units in November 2024, up from 2,87,017 units in November 2023.

The company is buying 7,914 equity shares at ₹10 each from existing shareholders. After the deal is consummated, DriveX will become a subsidiary of TVS Motor.

Standard Chartered Bank is spearheading the fundraising effort, which will also involve credit investors who may join the lending pool.

TVS Motor Company stock has gained a total of 60% in the last one year, and 24% since the beginning of the year.

Operational revenue increased 13.3% to Rs 9228 crore, although it was less than the Rs 9421 crore analysts had predicted.

Retail sales data from the Vahan portal for the period of September 1 to 29 show that Ola Electric sold 22,821 units, while Bajaj Auto sold 17,507 units

Here are some of the stocks that may see significant price movement today: TVS Motor, Reliance Infrastructure, JK Tyre & Industries, etc.

Ather Energy was an exception to the general decline, experiencing a 7% increase in sales with 10,830 units sold in August.

The scooter now features iGo assist technology, an intelligent start-stop system, and an integrated starter generator.

In Q1 of this fiscal year, TVS Motor sold 52,000 electric two-wheelers, a significant increase from 39,000 units in the same period last year.