TVS Motor gets on the fast lane
The TVS Motor stock has been hitting successive 52-week highs on strong volume performance in September and market share gains in the two wheeler space. In addition to the sales, the company is expected to post strong September quarter results. And, the road ahead, too, is looking good. Volumes in September month for TVS Motor were up 23 per cent year-on-year, led by a 43 per cent increase in scooter despatches. Scooters account for 34 per cent of the company's volumes currently. The increasing scooterisation being witnessed by the industry is expected to help TVS gain on the volumes and market share fronts. Share of scooters in two wheeler industry's volumes increased by 400 basis points year-on-year to 34 per cent in the June quarter led by the southern region. Scooters now account for 45 per cent of two wheeler sales in this region. For TVS Motor, its market share in the scooter segment increased by 50 basis points year-on-year to 13.8 per cent. The scooter portfolio of TVS...10-10-2017