The Chennai-based company, after finally hitting its stride in the two-wheeler business, has run into stiff competition in the nascent EV market.
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 …
Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.
Executive Editor
surendar@mailtmc.com
Mumbai