Shares of TVS Motor Company hit an all-time high of Rs 1,184.65, up 3% on the BSE in intraday trade on Wednesday on a healthy demand outlook. The stock surpassed the previous high of Rs 1,177 hit on October 19, 2022. In contrast, the S&P BSE Sensex was down 0.18% at 59,620 at 11:30 am.

TVS Motor has outperformed the market over the past month, rising 13%, while the S&P BSE Sensex gained 3.6% and the S&P BSE Autos index gained 7%.

TVS Motor Company launched the TVS NTORQ 125 Race Edition at the Makina Auto Show in the Philippines on Monday, April 17. The TVS NTORQ 125 Race Edition is equipped with TVS SmartXonnectTM, allowing riders to connect their smartphones to the scooter, unlocking a range of smart connectivity features. These are accessed via a premium fully digital instrument cluster loaded with over 60 functions.

Management expects to lead the industry in domestic and international markets with a strong brand portfolio, including Apache, Raider, Jupiter, NTORQ, HLX series, Radeon, Ronin, TVS King and EV TVS iQube. In addition, management expects higher yields of premium products given increased chip availability. Management expects better operating leverage, higher premiums due to smoother semiconductor supply, and continued focus on cost reduction to support further growth in Ebitda margin in Q4FY23.

TVS Motor has announced a strategic partnership with Amazon India to enhance e-mobility, electricity infrastructure and connected services and strengthen its commitment to achieving net zero carbon.