TVS Motor Company, a reputed two-wheeler and three-wheeler manufacturer globally, announced today their new distribution partnership with Public Motors - Overdrive
TVS Motor Company today announced their new distribution partnership with Public Motors; part of the reputed Ghaf Investments LLC, in the United Arab Emirates. As a part of this association, a 2,000 sq ft marquee showroom was inaugurated, along Sheikh Zayed Road in Dubai. Apart from hosting a wide range of two-wheelers, the showroom will provide spare parts and feature a service facility.
TVS Motor will introduce diverse product offerings that will cater to both the personal commuting and the delivery segments in the United Arab Emirates. R Dilip, Executive Vice President-International Business, TVS Motor Company, said, “They (Public Motors and Ghaf Investments) have rich experience in the region and are synonymous with Trust. This association is a strategic step towards expanding TVS Motor Company’s market presence, driving innovation through best-in-class products and setting a customer experience benchmark. The marquee showroom demonstrates our continued commitment to th
After a phenomenal rally since March 2020 low that saw the Nifty Auto index jump 132 per cent since then compared to a 93 per cent gain in the Nifty50, the rally in auto stocks may pause for now as demand cools off and companies grapple with supply-side issues, say analysts. Valuation at which some of the auto stocks are trading at is another concern. PV manufacturers are trading at expensive valuation and I do not find much comfort there. Instead, investors can look at two-wheeler manufacturers and auto ancillaries. They are a better bet given the current industry dynamics. Overall, the blanket rally in auto stocks is likely to take a breather for now, says G Chokkalingam, founder and chief investment officer at Equinomics Research.
Published: February 10, 2021, 11:45 AM IST
TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers in the world, today introduced a new platform
TVS intelliGO. The technology aims at providing comfortable, convenient and an environment-friendly ride experience to TVS Motor Company customers.
TVS intelliGO enhances the riding comfort, mileage and reduces emissions by intelligently switching off the engine during long idling like traffic signals and other transient stops. The vehicle is ready to go by a simple throttle rev which enhances convenience. The technology also helps avoid fuel wastage during these stops and reduces emissions.
TVS IntelliGo technology will debut on TVS Jupiter, thus making it the first 110cc scooter in the industry to come with this technology.
Broker s call: TVS Motor (Underperform)
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Updated on
CMP: ₹640.15
In Q3-FY21, TVS Motor Company has reported highest ever quarterly revenue of ₹5,390 crore (up 30.7 per cent/17.1 per cent y-o-y/q-o-q). This was led by a 20 per cent y-o-y increase in volumes and 8.5 per cent increase in ASPs on account of blended price hike of 1 per cent in October 2020.
The company undertook an additional blended price hike in January 2021 of 2 per cent (in both domestic & export markets). The demand recovery has been led by premium brands resulting in an improvement in mix to 37 per cent (vs 34 per cent in Q3-FY20).
Management expects the recovery momentum to sustain going forward.