![]() The TVS management has already indicated that production volume will double in the last quarter of the current fiscal year from the penultimate quarter. That leaves room for margin expansion as volume and production are stepped up. ![]() Most analysts expect margins in the segment to be lower than ICE (internal combustion engine) models powered by fossil fuels. The operating profit margin of the company has been in double digits for the sixth quarter in a row, even if the share of electric two-wheelers is rising. In the December quarter, the ASP of TVS Motor rose 14.6% year-on-year to Rs 74,400, while total volume increased 0.1% from the year-ago quarter to 879,423 units, ETIG reported on January 30. This was a result of price increases as well as the rising share of higher-priced models such as EV scooters, the Jupiter 125 and the Raider. In January, the two-wheeler maker was able to post record operating profit per vehicle of Rs 7,500, with revenue growth driven by a higher average selling price (ASP). ![]() It expects total e-scooter numbers to cross 100,000 this fiscal year. It sold 10,404 electric two-wheelers in January 2023 against 1,157 in the corresponding month a year ago. TVS is the third-largest two-wheeler company in terms of domestic volumes. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |