TVS Motor sales up 25% in April at 3,83,615 unitsMoneycontrol • 5 days ago
The company had dispatched 3,06,224 units to its dealers in the same month last year, TVS Motor Company said in a statement
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Most OEMs are expected to report a sequential EBITDA margin expansion led by improving product mix and operating leverage
TVS Motor Company Share Price | Its motorcycle segment registered a growth of 22% with sales increasing from 141,250 units in March 2023 to 171,611 units in March 2024, while scooter sales were up 2% at 131,472 units.
Total sales in FY24 stood at 41.9 lakh units, recording a 14 percent growth
The caution is advised as certain sectors appear to be overbought, potentially prompting profit-booking and impacting mid and small-cap equities.
Motilal Oswal recommended Neutral rating on TVS Motor Company with a target price of Rs 1880 in its research report dated January 25, 2024.
Prabhudas Lilladher recommended hold rating on TVS Motor Company with a target price of Rs 1955 in its research report dated January 25, 2024.
In Budget 2023, government capex saw an uptick of over 33 percent to Rs 10 lakh crore. For this year, market is expecting a growth of anywhere between 15 and 20 percent but Jefferies says it would be just 7-8 percent
Net Sales are expected to increase by 26.2 percent Y-o-Y (up 1.4 percent Q-o-Q) to Rs 8,261.8 crore, according to Motilal Oswal.
The 2W segment has been facing several headwinds over the last three years