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TVS Motor Company registers sales of 266,582 units in November 2019

Posted On: 2019-12-02 15:23:57

TVS Motor Company registered sales of 266,582 units in November 2019 as against sales of 319,965 units in the month of November 2018. Shifting of Diwali season to the earlier month and planned adjustment of BS IV stocks is reflecting in the sales growth difference between November 2018 and November 2019.

Two-Wheeler

Total two-wheeler registered sales of 249,350 units in November 2019 as against sales of 307,142 units in the month of November 2018. Domestic two-wheeler registered sales of 191,222 units in November 2019 as against sales of 260,253 units in the month of November 2018.

Motorcycle registered sales of 105,963 units in November 2019 as against sales of 119,883 units in November 2018. Scooter sales of the Company registered 84,169 units in November 2019 as against sales of 111,763 units in November 2018.

Exports

The Company's total exports grew by 27% increasing from 58,476 units in November 2018 to 74,060 units in November 2019. Two-wheeler exports grew by 24% increasing from 46,889 units in November 2018 to 58,128 units in November 2019.

Three-Wheeler

Three-wheeler sales of the Company grew by 34% increasing from 12,823 units in November 2018 to 17,232 units registered in November 2019.

Shares of TVS MOTOR COMPANY LTD. was last trading in BSE at Rs.477 as compared to the previous close of Rs. 487.6. The total number of shares traded during the day was 62940 in over 1335 trades.

The stock hit an intraday high of Rs. 489 and intraday low of 471. The net turnover during the day was Rs. 30093406.


Source: Equity Bulls

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