TVS Motor share price rallies 2% on Diwali Muhurat Trading after October sales rise | Stock Market News
Source: Live Mint
TVS Motor Company share price rallied 2% during Diwali Muhurat Trading 2024 on Friday after the automobile major reported a decent increase in its October sales. TVS Motor shares gains as much as 2% to ₹2,543.40 apiece on the BSE.
The two and three-wheeler manufacturer TVS Motor Company recorded monthly sales of 489,015 units in October 2024 with a growth of 13% as against 434,714 units in the month of October 2023.
Total two-wheelers last month grew 14% to 478,159 units from 420,610 units in the year-ago period. Motorcycles sales increased 14% to 230,822 units in October 2024 from 201,965 units in October 2023, while scooter sales registered a growth of 17% YoY to 193,439 units.
Domestic two-wheeler dispatches in the month under review rose 13% to 390,489 units from 344,957 units, while two-wheeler exports registered a growth of 16% to 87,670 units from 75,653 units, YoY.
Total exports grew 9% to 95,708 units from 87,952 units, YoY.
Electric Vehicle (EV) Sales
TVS Motor Company recorded total EV sales growth of 45% at 29,308 units in October 2024 from 20,153 units in October 2023.
Three-Wheeler Sales
Three-wheeler sales declined to 10,856 units in October 2024 from 14,104 units in October 2023.
At 6:15 PM, TVS Motor Company shares were trading 1.02% higher at ₹2,519.00 apiece on the BSE.
