10% increase in tvs motors, tvs motor shares … 31% increase in one year! – tvs motor shares rally 10% in 5 trading sessions. here’s why

Shares of TVS Motor Company have risen more than 10% in the last five trading sessions, compared to the benchmark Sensex benchmark rise of 2%, driven by two-wheeler makers’ big electric vehicles (EVs).

TVS Motor Company aims to continue to dominate the electric vehicle segment by utilizing various government initiatives such as a production-linked incentive scheme. According to its annual report for 2021-22, the company has strong plans in the electric segment.

Earlier this month, TVS Motor Company said it was in advanced talks to raise Rs 4,000-5,000 crore from private equity firms to fund the expansion of the newly created electric mobility division.

The company has created a dedicated department for the EV division with over 600 engineers. According to the company’s investor description, TVS has sold more than 10,000 electric vehicles in FY22. It has partnered with Tata Power and Jio-BP to build the EV charging infrastructure.

TVS Motors is doubling down on electric vehicles as India focuses on reducing vehicle pollution in cities and reducing dependence on fossil fuels amid rising fuel prices. Of these, two-wheelers are increasingly switching to electric scooters.

For the year ended March 2022, the company’s total two-wheeler and three-wheeler sales, including international trade, increased by 8% to 33.10 lakh from 30.52 lakh in the financial year 2020-21.

TVS Motor manufactures two-wheelers ranging from mopeds to scooters, commuter motorcycles, bikes such as the Apache Series and the RR310. TVS Motor shares are up 31% year-on-year, while Auto stock is up 29% so far in 2022 (YTD).