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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Chennai-based company, after finally hitting its stride in the two-wheeler business, has run into stiff competition in the nascent EV market.
Editor's note: TVS Motor Co. is having a good run. Probably its best ever. Yesterday, its stock hit Rs 1,000 for the first time, a fitting addition to the recent stream of good news around the Chennai-based two- and three-wheeler manufacturer. TVS Motor shares have risen 91% in just the last year. In 2021-22, TVS became the No.3 player in the 13.5 million-units-a-year Indian two-wheeler industry, beating Bajaj Auto by a convincing margin. Its revenue breached the Rs 20,000 crore mark for the first time and its net profit came in at a record Rs 1,260 crore. Exports of two-wheelers, too, went past a million units in the financial year. In the first three months of the current fiscal, its revenue hit Rs 6,009 crore, an increase of a little over 50%, and its net profit Rs 321 crore, an over 500% increase. On the product front, TVS seems to have cracked the code. Over the years, its four-stroke scooter Jupiter and its sportier sibling, the NTorq, have proved to be the most formidable competition to the Honda Activa, the top scooter …
Delays, quality complaints and thin deliveries of the Apache RTX 300 risk eroding trust just as India’s third largest two-wheeler maker tries to move upmarket.
Who’s going to lead the IPO party, what’s going to drive the market, where are some of the leading businesses headed, and more.
India’s largest two-wheeler maker has seen a stock surge on the back of macro tailwinds, an EV push, a credible export strategy and renewed investor faith. Proving that this rally isn’t just a festive-season fling will be the real test.
