Sudarshan Venu Takes TVS Premium
Puts Europe at the centre of plans to take the company into higher margin categories.
Puts Europe at the centre of plans to take the company into higher margin categories.
Bajaj Auto sold 18,933 electric scooters in September, taking over TVS Motor as the second-largest electric two-wheeler player during the month.
EVs to account for 20-25% of TVS Motor’s volumes in next 3 years, says TVS Motor managing director Sudarshan Venu
Brokerage PhillipCapital maintains a "NEUTRAL" rating on the stock, with a price target of ₹2,261, down 9% from Tuesday's levels
TVS claims the entry-level variant of its top-selling electric scooter offers 75 kilometres of real-world range on full charge.
The company enters Vietnam through its collaboration with Minh Long Motors, which will be its distribution partner.
Hero, Bajaj, Yamaha and TVS work on taking market share from Royal Enfield
Hero MotoCorp's domestic sales in May grew by 8.9% year-on-year to 5,08,309 units as against 4,66,466 units in May 2022.
Hero MotoCorp was the top laggard on the BSE auto index, falling as much as 3.3% to ₹2,470.60 on weak monthly sales in April.
In realty and auto counters, Indiabulls Real Estate, DLF, Sobha, TVS Motor, Tata Motors, and Escort were top performers post RBI policy announcement