TVS Motor shares jump 5%; Bajaj Auto, Hero MotoCorp hit 52-week low

Shares of TVS Motors Company rose as much as 5% in intraday trade on Monday after the two-wheeler maker reported a 10% year-on-year increase in February sales.

The stock opened higher at ₹2,270.10 against its previous closing price of ₹2.225.45 on the BSE. Shares of the company rose 4.58% in intraday trade to hit a high of ₹2,327.40 on the BSE, taking the company’s market capitalisation to ₹1.08 lakh crore.

Meanwhile, shares of Bajaj Auto, India’s largest two-wheeler exporter, fell nearly 3% to hit a 52-week low of ₹7,682.75 on the BSE, dragging down the company’s market cap to ₹2.15 lakh crore. Shares of Hero MotoCorp, too, fell 1.9% to hit their 52-week low of ₹3,616.90 on the BSE after the company reported a 17% year-on-year decline in sales for February 2025. Broader benchmark indices, the BSE Sensex and the NSE Nifty, were trading lower by 0.5%.

The drop in Bajaj Auto’s share price comes after the automaker reported a 14% year-on-year decline in domestic two-wheeler sales in February. The Pune-based company’s two-wheeler exports, however, increased 23%. Bajaj Auto’s domestic commercial vehicle sales rose 3% to 37,277 units last month but exports declined by 2% to 15,376 units.

TVS Motor Company recorded monthly sales of 403,976 units in February 2025 with a growth of 10% as against 368,424 units in February 2024. Total two-wheelers registered a growth of 10% with sales increasing from 357,810 units in February 2024 to 391,889 units in February 2025. Domestic two-wheeler registered growth of 3% with sales increasing from 267,502 units in February 2024 to 276,072 units in February 2025. Motorcycles registered a growth of 5% with sales increasing from 184,023 units in February 2024 to 192,960 units in February 2025. Scooter registered a growth of 24% with sales increasing from 132,152 units in February 2024 to 164,415 units in February 2025. EV sales registered a growth of 34% with sales increasing from 17,959 units in February 2024 to 24,017 units in February 2025. TVS Motor Company's total exports grew by 26% increasing from 98,856 units registered in February 2024 to 124,993 units in February 2025. Two-wheeler exports registered a growth of 28% with sales increasing from 90,308 units registered in February 2024 to 115,817 units in February 2025. Three-wheeler registered a growth of 14% with sales increasing from 10,614 units in February 2024 to 12,087 units in February 2025.

TVS Motor has begun dispatching its range of OBD-2B compliant vehicles starting with the TVS Jupiter 110. The company will complete the transition of its entire portfolio to OBD-2B standards, before the end of March 2025. OBD-2B deploys sensors that collect data for throttle response, air-fuel ratio, engine temperature, fuel quantity and engine speed.