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Stock Report
TVS Motor Company registers 4% Sales Growth in April 2023
Posted On : 2023-05-01 22:46:43( TIMEZONE : IST )
TVS Motor Company registered a sales growth of 4% with sales increasing from 295,308 units in the month of April 2022 to 306,224 units in April 2023.
Total two-wheelers registered a growth of 5% with sales increasing from 280,022 units in the month of April 2022 to 294,786 units in April 2023. Domestic two-wheeler registered growth of 29% with sales increasing from 180,553 units in April 2022 to 232,956 units in April 2023.
Motorcycle registered sales growth of 10% with sales increasing from 139,027 units in April 2022 to 152,365 units in April 2023. Scooter sales registered a growth of 5% with sales increasing from 102,209 units in the month of April 2022 to 107,496 units in April 2023.
TVS iQube Electric has been receiving a heartening response from customers. With a steady uptake in demand, TVS iQube has recorded a sales milestone of 1,00,000 units.
TVS iQube Electric has successfully transitioned to AIS156 phase 2. TVS iQube Electric registered sales of 6,227 units in April 2023 as against sales of 1,420 units in April 2022. The production for April 2023 was constrained due to AIS156 changeover and supply chain challenges, TVS Motor is confident of ramping up from the month of May 2023. The order book for TVS iQube continues to be very robust and TVS Motor will retain the growth momentum.
The Company's total exports registered sales of 71,663 units in April 2023 as against 113,427 units April 2022. Two-wheeler exports registered sales of 61,830 units in April 2023 as against 99,489 units April 2022.
Three-wheeler of the Company registered sales of 11,438 units in April 2023 as against 15,286 units April 2022.
Shares of TVS Motor Company Limited was last trading in BSE at Rs. 1137.10 as compared to the previous close of Rs. 1132.00. The total number of shares traded during the day was 101262 in over 3224 trades.
The stock hit an intraday high of Rs. 1140.85 and intraday low of 1125.90. The net turnover during the day was Rs. 115012500.00.
