Latest news with #TVSMotor
Time of India
8 hours ago
- Automotive
- Time of India
TVS Motor is official provider of race tuned motorcycles to independent teams at 2025 INMRC
Two and three wheeler maker TVS Motor Company has become the official race motorcycle provider for the forthcoming National Championship Pro Stock 200 class at the 2025 Indian National Motorcycle Racing Championship scheduled to begin here shortly. This is the first time an Indian brand has been entrusted to design, develop and supply race-tuned motorcycles specifically for the national championship, the company said on Tuesday. As part of the development, TVS Motor would provide race-tuned TVS Apache GP200R motorcycles to independent teams, who will engage their racers to compete in this championship class. The 2025 edition of Indian National Motorcycle Racing Championship is scheduled to be held from June 6 to 8 at the Madras International Circuit , Chennai. In a statement on Tuesday, the city-headquartered company said, " PETRONAS-TVS Racing team will provide complete technical support and machine service and maintenance to ensure peak performance throughout the season." Commenting on the development, TVS Motor Company Head-Premium Business Vimal Sumbly said, "At TVS Motor Company, our racing DNA drives us to innovate and lead from the front. We are proud to be the first two-wheeler manufacturer in Indian motorsport history to provide race-tuned machines to independent teams for the National Championships." "This landmark development,supported by the vision of the Madras International Circuit makes it easier and more affordable for independent teams to participate and compete at the highest level," he said in the statement.
Economic Times
9 hours ago
- Automotive
- Economic Times
Auto Q4FY25 Wrap: Two-wheelers lead PAT surge with TVS Motor, Eicher in front; top 13 counters to buy
The Indian auto sector saw varied results in Q4FY25. Two-wheeler companies performed well. Some vehicle makers did better than others. The Indian auto sector reported a mixed Q4FY25 with two-wheeler majors and select OEMs stealing the spotlight, while several leading tyre and auto ancillary firms reported sharp declines in profitability, revealing a distinctly bifurcated performance across the board. Among the most notable laggards, Tata Motors posted a steep 52% year-on-year (YoY) fall in Q4 net profit while its revenue barely grew by 0.53%. The stock has also dropped 5% in CY25 so far. Similarly, Apollo Tyres and Tube Investments of India struggled with declines in their profit after tax (PAT) at 48% and 42%, respectively, even as they reported modest growth in January-March quarter sales. These underwhelming showings are reflected in their stock performances too, with all three names delivering double-digit negative returns this calendar year. Tyre manufacturers and ancillary firms faced particular headwinds. Balkrishna Industries' PAT fell 24% and Bosch saw a marginal 2% decline, despite decent topline growth. Both stocks were down 16% and 8%, respectively, in CY25 as of Tuesday, June 3, 2025. In contrast, two-wheeler manufacturers delivered a strong show, with TVS Motor leading the pack by clocking an impressive 71% YoY growth in Q4 PAT, supported by a 16% rise in revenue. Its stock has returned nearly 16% in CY25 so far. Eicher Motors' 19% PAT growth and Bajaj Auto's 11% uptick in bottom line were other notable performances. Also performed well. Eicher's stock also delivered over 11% returns on the YTD basis. M&M and Hero MotoCorp too reported positive earnings growth, with M&M registering 14% PAT growth on the back of robust 20% revenue expansion. Hero MotoCorp's profit rose nearly 8%, though its CY25 return stands at just 1%. Auto ancillaries such as UNO Minda and Sundram Fasteners saw their profits dip marginally, despite a healthy 19% revenue growth in the case of UNO the Q4 trend reveals a strong divergence between vehicle manufacturers and component suppliers, and also between two-wheeler firms and other categories like CVs and tyres. This divergence is mirrored in stock price performance for CY25, where only a handful of auto stocks have posted double-digit returns. Among them are TVS Motor with 16% returns, Maruti Suzuki at 12% and Eicher Motors at 11%, being the top three. Commenting on the auto sector's performance, 'Om Ghawalkar, Market Analyst, said that the domestic automobile sector achieved historic growth in FY2024-25, posting a 7.3% rise in domestic sales and a robust 19.2% jump in exports, signaling strong momentum across both local and global markets. Citing SIAM data, Ghawalkar said that the passenger vehicle sales hit a record 4.3 million units, led by utility vehicles comprising 65% of the segment. 'Exports also surged, particularly to Latin America, Africa, and developed economies, reaching 770,000 PV units. The two-wheeler segment saw 9.1% growth domestically, driven by scooters, while exports totaled 4.2 million units, dominating India's overall vehicle exports, he companies announced May automotive sales figures which reflected a mixed trend of dispatches across segments. The passenger vehicle segment's domestic wholesale volume growth moderated although UV (utility vehicle) players reported healthy growth. All other segments, however, saw a recovery on a YoY basis. Kumar Rakesh of BNP Paribas Securities in a note said that the 2W domestic wholesale growth improved and was similar to retail trends. The 2W exports continued to post double-digit growth YoY, helped by expansion in new regions by OEMs. "CV dispatches were flat YoY, but MHCVs saw improvement MoM. Tractors saw healthy growth YoY, largely driven by M&M," he the PV volume market share trends, Rakesh said that M&M gained YoY while Maruti Suzuki, Tata Motors, and Hyundai lost. As for the two-wheelers, TVS Motor, Royal Enfield (Eicher Motors) gained domestic volume market share Yo,Y while Bajaj Auto likely lost. Also Read: Private lenders disappoint in Q4FY25, but small and PSU banks impress. HDFC Bank, SBI among 16 stocks to buy Ghawalkar of said that challenges such as a slower PV growth outlook and regulatory uncertainties in the electric bus space remain, notwithstanding industry fundamentals looking strong. - Nuvama has a buy rating on the stock with target price of up to Rs 13,900 - Choice Broking has an 'Add' rating on the counter. - InCred has a 'Reduce' rating on the stock for a price target of Rs 642 - Motilal Oswal remains Neutral on the counter. M&M: Buy | MOFSL | Target: Rs 3,482 Hyundai Motor | Buy | Target: Rs 2,050 Hero Moto | Buy | Nuvama/Jefferies/Bank of America/MOFSL | Target: Up to Rs 5,650 Bajaj Auto | Buy | Anand Rathi/Axis Securities | Target: Rs 9,890 - HDFC Securities has an 'Add' rating on the stock - Axis Securities has a 'Hold' rating for the price target of Rs 2,670 Eicher Motors | Sell | MOFSL | Target: Rs 4,649 MOFSL has a buy view on ancillary stocks like Apollo Tyres, CEAT, Endurance Technologies, Happy Forgings, CIE Automotive, Samvardh Motherson, Motherson Wiring and Tube Investments. Meanwhile, MOFSL has a sell recommendation on MRF. (Data inputs by Ritesh Presswala) (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
9 hours ago
- Automotive
- Time of India
Auto Q4FY25 Wrap: Two-wheelers lead PAT surge with TVS Motor, Eicher in front; top 13 counters to buy
The Indian auto sector reported a mixed Q4FY25 with two-wheeler majors and select OEMs stealing the spotlight, while several leading tyre and auto ancillary firms reported sharp declines in profitability, revealing a distinctly bifurcated performance across the board. Among the most notable laggards, Tata Motors posted a steep 52% year-on-year (YoY) fall in Q4 net profit while its revenue barely grew by 0.53%. The stock has also dropped 5% in CY25 so far. Similarly, Apollo Tyres and Tube Investments of India struggled with declines in their profit after tax (PAT) at 48% and 42%, respectively, even as they reported modest growth in January-March quarter sales. These underwhelming showings are reflected in their stock performances too, with all three names delivering double-digit negative returns this calendar year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo Tyre manufacturers and ancillary firms faced particular headwinds. Balkrishna Industries' PAT fell 24% and Bosch saw a marginal 2% decline, despite decent topline growth. Both stocks were down 16% and 8%, respectively, in CY25 as of Tuesday, June 3, 2025. In contrast, two-wheeler manufacturers delivered a strong show, with TVS Motor leading the pack by clocking an impressive 71% YoY growth in Q4 PAT, supported by a 16% rise in revenue. Its stock has returned nearly 16% in CY25 so far. Eicher Motors ' 19% PAT growth and Bajaj Auto 's 11% uptick in bottom line were other notable performances. Also performed well. Eicher's stock also delivered over 11% returns on the YTD basis. M&M and Hero MotoCorp too reported positive earnings growth, with M&M registering 14% PAT growth on the back of robust 20% revenue expansion. Hero MotoCorp's profit rose nearly 8%, though its CY25 return stands at just 1%. Live Events Auto ancillaries such as UNO Minda and Sundram Fasteners saw their profits dip marginally, despite a healthy 19% revenue growth in the case of UNO Minda. Overall, the Q4 trend reveals a strong divergence between vehicle manufacturers and component suppliers, and also between two-wheeler firms and other categories like CVs and tyres. This divergence is mirrored in stock price performance for CY25, where only a handful of auto stocks have posted double-digit returns. Among them are TVS Motor with 16% returns, Maruti Suzuki at 12% and Eicher Motors at 11%, being the top three. Commenting on the auto sector's performance, 'Om Ghawalkar, Market Analyst, said that the domestic automobile sector achieved historic growth in FY2024-25, posting a 7.3% rise in domestic sales and a robust 19.2% jump in exports, signaling strong momentum across both local and global markets. Citing SIAM data, Ghawalkar said that the passenger vehicle sales hit a record 4.3 million units, led by utility vehicles comprising 65% of the segment. 'Exports also surged, particularly to Latin America, Africa, and developed economies, reaching 770,000 PV units. The two-wheeler segment saw 9.1% growth domestically, driven by scooters, while exports totaled 4.2 million units, dominating India's overall vehicle exports, he said. Auto Sales Data Auto companies announced May automotive sales figures which reflected a mixed trend of dispatches across segments. The passenger vehicle segment's domestic wholesale volume growth moderated although UV (utility vehicle) players reported healthy growth. All other segments, however, saw a recovery on a YoY basis. Kumar Rakesh of BNP Paribas Securities in a note said that the 2W domestic wholesale growth improved and was similar to retail trends. The 2W exports continued to post double-digit growth YoY, helped by expansion in new regions by OEMs. "CV dispatches were flat YoY, but MHCVs saw improvement MoM. Tractors saw healthy growth YoY, largely driven by M&M," he said. Decoding the PV volume market share trends, Rakesh said that M&M gained YoY while Maruti Suzuki, Tata Motors, and Hyundai lost. As for the two-wheelers, TVS Motor, Royal Enfield (Eicher Motors) gained domestic volume market share Yo,Y while Bajaj Auto likely lost. Also Read: Private lenders disappoint in Q4FY25, but small and PSU banks impress. HDFC Bank, SBI among 16 stocks to buy Stocks to buy, sell or hold Ghawalkar of said that challenges such as a slower PV growth outlook and regulatory uncertainties in the electric bus space remain, notwithstanding industry fundamentals looking strong. Maruti Suzuki - Nuvama has a buy rating on the stock with target price of up to Rs 13,900 - Choice Broking has an 'Add' rating on the counter. Tata Motors - InCred has a 'Reduce' rating on the stock for a price target of Rs 642 - Motilal Oswal remains Neutral on the counter. M&M: Buy | MOFSL | Target: Rs 3,482 Hyundai Motor | Buy | Target: Rs 2,050 Hero Moto | Buy | Nuvama/Jefferies/Bank of America/MOFSL | Target: Up to Rs 5,650 Bajaj Auto | Buy | Anand Rathi/Axis Securities | Target: Rs 9,890 MOFSL is Neutral on this stock. TVS Motor - HDFC Securities has an 'Add' rating on the stock - Axis Securities has a 'Hold' rating for the price target of Rs 2,670 Eicher Motors | Sell | MOFSL | Target: Rs 4,649 MOFSL has a buy view on ancillary stocks like Apollo Tyres, CEAT, Endurance Technologies, Happy Forgings, CIE Automotive, Samvardh Motherson, Motherson Wiring and Tube Investments. Meanwhile, MOFSL has a sell recommendation on MRF. (Data inputs by Ritesh Presswala) ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
a day ago
- Automotive
- Time of India
TVS Motor is official provider of race tuned motorcycles to independent teams at 2025 INMRC
Two and three wheeler maker TVS Motor Company has become the official race motorcycle provider for the forthcoming National Championship Pro Stock 200 class at the 2025 Indian National Motorcycle Racing Championship scheduled to begin here shortly. This is the first time an Indian brand has been entrusted to design, develop and supply race-tuned motorcycles specifically for the national championship, the company said on Tuesday. As part of the development, TVS Motor would provide race-tuned TVS Apache GP200R motorcycles to independent teams, who will engage their racers to compete in this championship class. The 2025 edition of Indian National Motorcycle Racing Championship is scheduled to be held from June 6 to 8 at the Madras International Circuit , Chennai. In a statement on Tuesday, the city-headquartered company said, " PETRONAS-TVS Racing team will provide complete technical support and machine service and maintenance to ensure peak performance throughout the season." Commenting on the development, TVS Motor Company Head-Premium Business Vimal Sumbly said, "At TVS Motor Company, our racing DNA drives us to innovate and lead from the front. We are proud to be the first two-wheeler manufacturer in Indian motorsport history to provide race-tuned machines to independent teams for the National Championships." "This landmark development,supported by the vision of the Madras International Circuit makes it easier and more affordable for independent teams to participate and compete at the highest level," he said in the statement. PTI Economic Times WhatsApp channel )
&w=3840&q=100)
Business Standard
a day ago
- Business
- Business Standard
TVS Motor, Kadam Mobility partner to deploy 500 electric 3-wheelers by FY26
TVS Motor and Kadam Mobility have signed an MoU to deploy 500 electric three-wheelers across metro and Tier 1 cities, supporting clean public mobility and inclusive employment TVS Motor Company has signed a memorandum of understanding (MoU) with Kadam Mobility to deploy 500 TVS King EV MAX electric three-wheelers in the financial year 2025–26 (FY26). The initiative aims to strengthen public electric mobility across metropolitan and Tier 1 cities throughout India. Partnership to promote inclusive urban transport and clean mobility Rajat Gupta, Business Head, Commercial Mobility, TVS Motor Company, said, 'Our collaboration with Kadam Mobility reinforces our shared commitment to India's electric transition and inclusive urban mobility. The TVS King EV MAX is well-suited to support Kadam Mobility's mission of enabling clean last-mile and passenger mobility for everyone in need.' The TVS King EV MAX features a range of 179 kilometres, Bluetooth connectivity via TVS SmartXonnect, fast charging, and a high-capacity design. These vehicles will be integrated into Kadam Mobility's existing ecosystem, which includes electric vehicle operations, charging infrastructure, and training for drivers. Anubhav Swara, Founder and Chief Executive Officer of Kadam Mobility, said, 'This collaboration marks a major step toward our goal of scaling clean mobility infrastructure while empowering thousands of drivers with future-ready livelihoods. We are excited to deploy 500 electric vehicles as part of this vision.' Kadam Mobility enters passenger services with EV fleet The agreement also marks Kadam Mobility's entry into shared and passenger mobility services, expanding beyond its current delivery fleet operations.
