Indian market is expected to trade higher on Monday tracking positive global cues. The Nifty future closed positive with marginal gains of 0.06% at 23015 levels on Friday. India VIX was up by 1.54% from 21.38 to 21.71 levels. On the weekly options front, the maximum Call OI is placed at 23000 and then towards … Read more
Two and three-wheeler maker TVS Motor Company strengthening its product portfolio has launched ‘A Blaze of Black’ Dark edition of its popular motorcycle TVS Apache 160 RTR. The new range of TVS Apache RTR 160 series will be available for Rs 1,09,990 while TVS Apache RTR 160 4 Valve at Rs 1,19,990 (ex-showroom Tamil Nadu) … Read more
New Delhi: In a relief to automakers, sales of entry-level twowheelers — mostly bought by rural consumers — rose in strong double digits in the second half of FY24, underscoring a recovery in demand in this key consumer segment for the first time since the pandemic. The trend continued in April, driven by an improvement … Read more
New Delhi: The country’s largest two-wheeler maker Hero MotoCorp’s market cap reached Rs 1 lakh crore for the first time on Tuesday as its stock crossed the Rs 5,000 mark. Hero’s stock has surged 85.42% in the last 12 months and 21.8% so far this year. Investors have been upbeat on the stock on the … Read more
TVS Motor Company launched a new variant of the TVS iQube with a 2.2 kWh battery at Rs 94,999 (Bengaluru ex-showroom), the company said in a press release on Monday. With a top speed of 75 kmph, the two-wheeler will have a 950W charger and its fastest charging time (0-80%) is of two hours. The … Read more
Two-wheeler sales in India will surpass pre-Covid peak either this fiscal year or the next, Sudarshan Venu, managing director at TVS Motor Company, said, indicating a broad-based revival in the economy where demand for entry-level two-wheelers have been languishing in the last few years due to a sharp rise in acquisition costs and the pandemic’s … Read more
TVS Motor Company expects electric vehicles to account for 25-30 per cent of its total two-wheeler sales in the next two to three years, according to Managing Director Sudarshan Venu. The company, which had earlier this year reiterated its commitment to invest Rs 5,000 crore towards design, development and deployment of future technologies, products, and … Read more
Brokerage Citigroup maintained a buy rating on HDFC Life, and JPMorgan remained overweight on Bajaj Auto and Infosys. Citigroup recommended a sell on TVS Motor. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on HDFC Life: Buy| Target Rs 710 Citigroup maintained a buy rating on … Read more
New Delhi: Distribution and finance options across the small towns and cities of India are likely to determine the outcome of a fierce battle about to break out between legacy and new-age OEMs in the electric scooter segment. The battle is in the making after Ather Energy announced the launch of Rizta, a family scooter, … Read more
Automaker TVS Motor Company on Monday announced that its best-selling TVS HLX line of two-wheelers has crossed the milestone of 3.5 million units in sales in international markets, and that it is launching the TVS HLX 150F, with added features, to mark the occasion. The company said it was expressing “its gratitude” to customers by … Read more
