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TVS Motor Company
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TVS Motor September 2-wheeler sales up 19 pc
Posted by :
Market TipsTracked by: 0 Boarder
Target rs 53.20 in few weeks..but as much as u can....
In reply to:
TVS Motor September 2-wheeler sales up 19 pc
Posted by :
zoombusiness
TVS Motor September 2-wheeler sales up 19 pc 
TVS Motor September 2-wheeler sales up 19 pc
Posted by : zoombusinessTracked by: 0 Boarder
TVS Motor September 2-wheeler sales up 19 pc ...
Tracked by: 0 Boarder
Is this company properly valued. With Q2 profit after tax at 5 crores, annualized profit is 20 crores. Assuming even an aggressive growth based PE multiple of 12x, valuation should be only 240 crores. Any thoughts?...
TVS Motor to up Himachal plant output to 500,000 units
Posted by : 9975797577Tracked by: 0 Boarder
TVS Motor to up Himachal plant output to 500,000 units
NEW DELHI - TVS Motor Co. plans to ramp up the production capacity at its
plant in Nalagarh, Himachal Pradesh 500,000 two-wheelers a year in the next
one and a half years, Head (Sales, Service, Marketing) H. S. Goindi said
today.
The plant currently has a production capacity of 300,000 two-wheelers per
annum.
\"The ramp up will be completed by somewhere around end 2009 and early 2010,\"
Goindi told NewsWire18.
The Nalagarh plant, which started operations in Apr 2007, was set up at
an investment of 1.2 bln rupees.
\"The ramp up will not require any significant investment. We have enough
scope of adding capacity,\" Goindi said.
He said the main aim in setting up the Nalagarh facility was to reduce
transportation cost for the company\'s products.
\"The plant caters to the northern and central Indian markets, which has
significantly cut down on our transportation expenditure,\" he said.
Goindi said the plant has also helped the company improve its delivery
time to dealers.
Analysts said the fiscal benefits for the Nalagarh plant will start
boosting the company\'s profit margins from the December quarter.
\"The plant has also helped the company increase its sales in north India
with faster delivery,\" an analyst said.
The Nalagarh plant is the third manufacturing facility of the
Chennai-based company. The other two are in Hosur in Tamil Nadu, Mysore in
Karnataka.
TVS Motor now has a combined manufacturing capacity of 2.4 mln vehicles a
year.
.
CONTRACT MANUFACTURING
Goindi said the company\'s strategy is to decentralise the manufacturing
activities to service various markets.
\"The Nalagarh plant caters to some part of central India and the whole of
northern Indian markets and the Hosur and Mysore plants look after the South
Indian and some central Indian markets,\" he said.
The western region markets are also serviced from the Hosur and Mysore
plants.
For the eastern region, TVS Motor has entered into a contract
manufacturing agreement with Mahabharat Motors of Kolkata.
\"Initially, we would start with motorcycles but gradually also make
scooters through the tie-up,\" Goindi said.
He, however, did not detail the motorcycle models that would be produced
through the arrangement.
According to the agreement, Mahabharat Motors will assemble TVS Motor\'s
products.
The company, however, refused to give a timeline on when does the first
vehicle roll out.
.
THREE-WHEELER
Goindi said the company would roll out four-stroke variants of its
three-wheeler in the next two months to bolster its product range.
\"We started with two-stroke 200 cc three-wheelers and now will roll out
the four-stroke variant,\" he said.
The four-stroke model, which would be available in petrol, compressed
natural gas and liquefied petroleum gas variants, would be targeted mainly at
overseas markets.
\"We will be selling it to all the neighbouring countries and also Africa
and Latin America,\" Goindi said.
TVS Motor forayed into the three-wheeler business in March this year with
its TVS King model.
The model was launched in liquefied petroleum gas and petrol variants.
The three-wheelers are produced at the company\'s Hosur plant, which has a
capacity to manufacture 100,000 units per year.
At 2:41PM, shares of TVS Motor were trading at 32.15 rupees on the
National Stock Exchange, up 3.71%. End...
NSE Announcements on TVS Motor
Posted by : MMB MessengerTracked by: 0 Boarder
Tvs Motor Company Limited has submitted to the Exchange a copy of the Proceedings of the Annual General Meeting of the Shareholders of the company held on August 14, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on TVS Motor
Posted by : MMB MessengerTracked by: 0 Boarder
TVS Motor Company Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on August 14, 2008....
accuuuuuuuumalate tvsmotor
Posted by : rama_ckviTracked by: 0 Boarder
hi see annual report 3 wheeler production startad and good response.also indonesian subsidiary started sales and good response.himachal prouction started and good response.please sell ur last shirt and buy tvs.excellant for long term.i have 8000 shares. happy investing byeeeeee...
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