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TVS Motor Company posts 27% sales growth in November 2018

Posted On: 2018-12-03 11:57:27

TVS Motor Company registered a growth of 27% with sales increasing from 251,965 units in November 2017 to 319,965 units in the month of November 2018.

Total two-wheelers registered a growth of 26% with sales increasing from 243,323 units in November 2017 to 307,142 units in November 2018. Domestic two-wheeler sales registered a growth of 28% from 203,138 units in November 2017 to 260,253 units in November 2018.

Scooter sales of the Company grew by 43% from 78,397 units in November 2017 to 111,763 units in November 2018. Motorcycle sales grew by 29% with sales increasing from 93,202 units in November 2017 to 119,883 units in November 2018.

The Company's total exports grew by 24% from 47,207 units registered in the month of November 2017 to 58,476 units in November 2018. Two-wheeler exports grew by 17% increasing from 40,185 units in November 2017 to 46,889 units in November 2018.

Three-wheeler of the Company grew by 48% increasing from 8,642 units registered in November 2017 to 12,823 units in November 2018.

Shares of TVS MOTOR COMPANY LTD. was last trading in BSE at Rs.557.35 as compared to the previous close of Rs. 549. The total number of shares traded during the day was 67218 in over 957 trades.

The stock hit an intraday high of Rs. 561.15 and intraday low of 545. The net turnover during the day was Rs. 37252164.


Source: Equity Bulls

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