TVS Motor Company Limited
Axis Mutual Fund increased its stake in TVS Motor Company from 1.05% to 1.43%, acquiring 17,83,374 shares. The total value of shares after the increase is ₹245.41 crore, based on a share price of ₹3618.20.
A leading manufacturer of two-wheelers and three-wheelers in India, TVS Motor Company produces a diverse range of motorcycles, scooters, and three-wheeler vehicles along with associated accessories and components. The company serves both domestic and international markets through multiple brands and product categories, maintaining a strong presence in the two and three-wheeler segment with a focus on innovation, quality, and meeting diverse customer needs across various market segments.
Subsidiary of Axis Bank, India's third-largest private sector bank. Manages over Rs 3.5 lakh crore in AUM. Built its brand on a quality growth equity philosophy with concentrated high-conviction portfolios. Flagship Axis Flexi Cap and Axis Bluechip funds are widely held among retail investors and drove significant AUM growth through the 2017-2021 bull cycle.