TVS Motor Financial Results

Published: Monday, May 2, 2011, 16:28 [IST]

TVS Motor Company released its financial results for the financial year ending March 2011. The two-wheeler maker posted a sales increase of 32 percent and total revenue grew from Rs. 4430.14 crores in the year April to March 2010 to Rs. 6289.31 crores in the year ended March 2011. Profit Before Tax stood at Rs. 250.09 crores compared to Rs. 76.17 crores reported in the previous year. Profit After Tax during the year ended March 2011 stood at Rs.192.58 crores as against Rs. 88.01 crores registered in the corresponding period in 2009-10.

TVS Motor also said the financial results reflected the firm's continued growth. All its new models were recieved well in the market and the current models continued to consolidate and post improved sales. Although the financial results indicate the position of TVS is robust, the bike manufacturer still faces stiff compatition from market leaders like Hero Honda and Bajaj.

TVS Motor had launched four new models last year. They are TVS Max4R, TVS Apache RTR 180 ABS and TVS Sport with electric start. The company has said intends to launch two new models this year.

TVS Motor has been succesfull in its foray into international markets. It has set up shop in Brazil, Egypt and Mexico. TVS reported its exports had increased by 45% to 2.39 lakh units. TVS's Indonesian division also increased its sales from 15,000 units to 20,000 units.

Article Published On: Monday, May 2, 2011, 16:19 [IST]

Read more on: #automobile #tvs motor #two wheeler

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