TVS Motor Company is the third largest two-wheeler manufacturer in India and one among the top ten in the world, with annual turnover of more than USD 1 billion in 2008-2009, and is the flagship company of the USD 4 billion TVS Group.
A bike for anyone
TVS Motor currently manufactures a wide range of two-wheelers from mopeds to racing inspired motorcycles. Motorcycles (Apache RTR 180, Flame DS 125, Flame, TVS Jive, StaR City, Sports) Variomatic Scooters (TVS Wego, Scooty Streak, Scooty Pep+, Scooty Teenz) Mopeds (TVS XL Super, TVS XL Heavy Duty)
Deutsche Bank recommends buying TVS Motors with a target of Rs 70. The recent decision of the Karnataka High Court paves the way for the issue of 40,000 new permits for auto rickshaws which is a significant positive for the two-wheeler company. For a long while tvs has been moving in a narrow range around 50-55 levels.
TVS Motor Company registers 14% growth in June '11 sales
Hosur, July 1, 2011: A quantum increase in exports supported by strong domestic sales with robust contributions from all segments saw TVS Motor Company witnessing an increase of 14% in overall sales. The company recorded total sales of 182,456 units in June 2011 against 159,688 units in the corresponding month of the previous year. The three wheeler business also posted healthy growth.
The company's cumulative sales for the months of April to June 2011 grew by 16% with sales of 536,130 units against 463,840 units recorded in the previous comparable period SO I INITIATE A BUY RECOMENDATION ON TVS MOTORS FROM CURRENT LEVELS TO A TARGET OF 65 LEVELS