TVS Motor Company is poised to capture investor attention on March 20, 2025, as its board prepares to evaluate the possibility of declaring an interim dividend for the fiscal year that concludes on March 31, 2025. According to a filing made on March 13, the company announced, “A meeting of the board of directors is scheduled for Thursday, March 20, 2025, to consider the declaration of an interim dividend, if applicable, for shareholders for the financial year ending March 31, 2025.” Further details regarding the dividend rate, amount, record date, and payment date will be shared following the board’s discussion.

Recent Dividend History

TVS Motor has a track record of consistent dividend payments, having declared a dividend of ₹8 per share on February 27, 2024, which was distributed about a month later on March 19, 2024. In the previous year, the company issued a ₹5 per share dividend on January 19, 2023, with payments made shortly thereafter on February 2.

Impressive Sales Growth in February

The company has shown remarkable growth, reporting a 10% year-on-year (YoY) increase in auto sales for February 2025. Total sales reached 403,976 units, up from 368,424 units in February 2024. Highlights of the sales growth include:

• Two-wheeler sales increased by 10%, totaling 391,889 units compared to 357,810 units last February.
• Domestic two-wheeler sales saw a 3% rise, climbing to 276,072 units from 267,502 units.
• Electric vehicle (EV) sales experienced a robust 34% surge, jumping from 17,959 units in February 2024 to 24,017 units.
• Two-wheeler exports rose by 16% YoY, increasing to 87,670 units from 75,653 units.

Stake Adjustment in IFQM

In a separate corporate update, TVS Motor revealed on Tuesday that its stake in the Indian Foundation for Quality Management (IFQM) has been reduced to 18.18% after new shares were allotted to incoming investors. Consequently, IFQM is no longer categorized as an associate company under the Companies Act, 2013, due to TVS Motor’s holding falling below the 20% threshold.

Stock Performance Insights

Over the past year, TVS Motor’s stock has appreciated by nearly 14%. Notably, in March 2025, shares have risen over 4%, recovering from a 9.5% decline experienced in February. The stock closed at ₹2,320.90 in the latest trading session, reflecting a 21.5% drop from its peak of ₹2,958.15 recorded in September 2024. However, it has rebounded 24% from its 52-week low of ₹1,873.05 hit in April 2024.

Conclusion

With a strong sales performance and a potential interim dividend on the horizon, TVS Motor Company remains a focal point for investors. Keep an eye on the developments from the upcoming board meeting, as they could pave the way for further growth and shareholder returns.