TVS Motor’s Posts PAT Crosses Rs 1,000 Cr For First Time

TVS Motor Company’s operating revenue grew by 15 per cent at INR 6,545 crores for the quarter ended December 2022, as against INR 5,706 crores reported in the quarter ended December 2021. In comparison to 0.02 lakh in the December 2021 quarter and 0.16 lakh in the September 2022 quarter, electric vehicle sales in the third quarter of 2022 totaled 0.29 lakh units. In the third quarter of 2022–23 compared to the third quarter of 2021–2022 the company’s operating EBITDA increased by 16 per cent to INR 659 Crores. The…

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TVS Motor Announces Interim Dividend For Its Investors

TVS Motor Company on Tuesday declared an interim dividend of Rs 5 per share for its investors for the current financial year ending March 2023. A dividend is a reward that companies often provide to their shareholders, though not mandatory, from a portion of their earnings. This dividend will cost Rs 238 crore for the fiscal year ending March 2022-23, according to a regulatory filing by the automaker. The declared interim dividend will be paid on or after February 9, 2023, to those shareholders, who hold shares in physical form…

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Stock Market Shine Is Back, Reliance Naval, TVS Motor To Give Good Returns

This week, the stock market closed with a boom for the second consecutive day on Tuesday. This came as a relief for those investing in the stock market, because so far the market had been showing a downward trend. For Wednesday too experts say that there are indications that the market momentum will continue After a dull period, the stock market seems to be shining bright as the year comes to an end. The market has seen a boom in the last two days and it is expected to shine…

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Amazon India And TVS Motor Sign EV MoU

Amazon India and TVS Motor Company today announced a strategic engagement to strengthen electric mobility, electric infrastructure and connected services. As part of this collaboration, a fleet of electric two-wheelers and three-wheelers from TVS Motor will be deployed for Amazon’s last-mile deliveries. In addition, the two companies will work in tandem to examine EV use cases for various Amazon business groups for its network and logistical requirements. In order to test solutions, the two companies will pilot TVS Motor’s electric vehicle solutions through partner base and delivery associates across India. “The…

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Agnipath Scheme Will Have A Significant Positive Impact On Society: TVS Motor Company

Union Defense Minister Rajnath Singh has announced Agneepath scheme on 14th June. Under the scheme, the recruitment of youth will start in the next three months. After recruitment, Agniveers will be given basic military training for 6 months. Then he will get a chance to serve in the army for four years. Amidst the backlash received from the youths of India towards this scheme, TVS Motors have published a statement supporting the scheme. “The Agnipath scheme will have a significant positive impact on society, and contribute greatly to nation building.…

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TVS Motor Signs MoU With Tata Power

TVS Motor Company, one of the leading manufacturers of two-wheelers and three-wheelers globally, entered into a strategic partnership with Tata Power, one of India”s largest integrated power company. As part of the MoU, the two companies agreed to drive the comprehensive implementation of Electric Vehicle Charging Infrastructure (EVCI) across India and deploy solar power technologies at TVS Motor locations. The partnership aims to create a large dedicated electric two-wheeler charging infrastructure to accelerate electric mobility in India. This will also give the customers of TVS iQube Electric access to the…

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TVS Motor”s Apache RTR 200 Rides Into Nepal

Two-and three-wheeler maker TVS Motor on Thursday launched its flagship TVS Apache RTR 200 4V (single-channel ABS) in Nepal. Equipped with first-in-segment features like three ride modes – sport, urban and rain – the president (international business) of the company R Dilip said, “The TVS Apache series has been a testament to our commitment to delivering technological prowess to our aspirational customers and racing enthusiasts across the globe…we are excited to introduce our new TVS Apache RTR 200 4V motorcycle, which offers segment-first features and technologies.” According to managing director…

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TVS Motor Appoints ETG Logistics As New Distributor In South Africa

TVS Motor Company President – International Business, R Dilip said, “This association with ETGL is a significant step towards expanding TVS Motor Company”s market presence in Southern Africa, driving innovation through best-in-class products and setting a customer experience benchmark.” hennai-based TVS Motor Company on Tuesday said it has appointed ETG Logistics (ETGL) as its new distributor in South Africa as part of its expansion plan in the country. ETGL will operate 30 dealerships for TVS Motor Company in South Africa under the partnership, the company said in a regulatory filing.…

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TVS Motor Lines Up Rs 40 Cr To Support Fight Against COVID-19

TVS Motor Company on Friday said it along with Sundaram Clayton and its group companies have pledged Rs 40 crore to support the nationwide efforts to curb the spread of COVID-19. The funds will be utilised to provide lifesaving supplies such as oxygen concentrators, PPE Kits, medicines and medical equipment across the country. This initiative is undertaken by Srinivasan Services Trust (SST), the social arm of TVS Motor Company and Sundaram-Clayton Ltd. As part of this initiative, the company will supply 2,000 oxygen concentrators to hospitals and health centres and…

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TVS Motor Reports Four-Fold Increase In Q4 Profit To Rs 319 Cr

TVS Motor Company on Tuesday posted nearly four-fold increase in its consolidated net profit to Rs 319.19 crore for the fourth quarter ended March 31, 2021, riding on the back of robust sales in the domestic and international markets. The company had reported a net profit of Rs 81.84 crore during the January-March quarter of 2019-20. Revenue from operations rose to Rs 6,131.90 crore in the fourth quarter from Rs 4,104.71 crore in the same period of 2019-20 fiscal, TVS Motor said in a regulatory filing. During the period under…

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