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TVS Motor zooms in Q3 but speed bumps lie ahead
Mint Bangalore
|January 31, 2025
TVS Motor Company Ltd stock rose 10% after its Q3FY25 results, as margin hit a record high of 11.9%, driven by lower commodity prices.
TVS Motor Company Ltd stock rose 10% after its Q3FY25 results, as margin hit a record high of 11.9%, driven by lower commodity prices. Profitability is set to improve as TVS expects to receive benefits from the production-linked incentive (PLI) scheme from Q4, prompting earnings-per-share upgrades by some brokerages. Volume improved 10% on-year to 1.21 million units but was flat sequentially. In the first nine months of FY25 (9MFY25), the two-wheeler retail market grew around 9%, led by rural India. The domestic two-wheeler industry is projected to grow in a single-digit in FY25, but TVS expects to outperform with new products like the Jupiter 110cc. However, its loss of market share in motorcycles is discomf
This story is from the January 31, 2025 edition of Mint Bangalore.
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