
TVS Motor shares swing to record high on its foray into Vietnam
The company enters Vietnam through its collaboration with Minh Long Motors, which will be its distribution partner.
The company enters Vietnam through its collaboration with Minh Long Motors, which will be its distribution partner.
According to the two-wheeler and three-wheeler manufacturers, the partnership is part of TVS Motor's plan for global expansion.
TVS X is available at an introductory price of ₹2.50 lakh (ex-showroom Bengaluru) with portable 950W chargers at ₹16,275, and a 3kW Smart X Home rapid charger.
PNB, Trent, TVS Motor, Shriram Finance, and Zydus Lifesciences will replace these five stocks in the Nifty Next 50 index, effective from September 29, 2023.
Hero, Bajaj, Yamaha and TVS work on taking market share from Royal Enfield
Hero MotoCorp's domestic sales in May grew by 8.9% year-on-year to 5,08,309 units as against 4,66,466 units in May 2022.
Hero MotoCorp was the top laggard on the BSE auto index, falling as much as 3.3% to ₹2,470.60 on weak monthly sales in April.
All categories were in green in January 2023, with 2-wheeler, 3-wheeler, passenger vehicle, tractor and commercial vehicles growing by 10%, 59%, 22%, 8% and 16%, respectively, FADA data shows.
TVS Motor shares extended gains for the third straight session and rose 3.4% to ₹1,019.80 as investors cheered its better-than-expected Q3 results.
In realty and auto counters, Indiabulls Real Estate, DLF, Sobha, TVS Motor, Tata Motors, and Escort were top performers post RBI policy announcement