| Sep-2024 | Jun-2024 | Mar-2024 | Dec-2023 | Sep-2023 | |
|---|---|---|---|---|---|
Promoter | - | - | - | - | - |
Foreign | 0% | 0% | 0% | 0% | 0% |
Indian | 50.26% | 50.26% | 50.26% | 50.26% | 50.26% |
Total Promoter | - | - | - | - | - |
Institutions | 41.33% | 41.18% | 41.08% | 41.06% | 41.62% |
Non-Institutions | 8.32% | 8.54% | 8.64% | 8.66% | 8.1% |
Total Non-Promoter | 49.65% | 49.73% | 49.73% | 49.73% | 49.73% |
Custodian | 0.07% | 0% | 0% | 0% | 0% |
Total | 100% | 100% | 100% | 100% | 100% |
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.
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