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Former Jaguar Land Rover chief to take up new role at reborn motorcycle maker
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University of Warwick: Norton Motorcycles supports student electric motorcycle research with WMG, University of Warwick
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TVS Motor sees its highest-ever profit, revenue in Dec quarter
January 28, 2021
Sudarshan Venu, Joint Managing Director, TVS Motors×
Two-wheeler major TVS Motor Company on Thursday reported its highest-ever profit and revenue in the December quarter, helped by strong double-digit growth in both domestic and export sales.
For the quarter ended December 31, 2020, the company more than doubled its profit after tax to ₹266 crore, compared to ₹121 crore in the year-ago quarter, on the back of strong operating margins. Its EBITDA grew 41 per cent at ₹511 crore (₹363 crore) while total revenue was the highest-ever at ₹5,404 crore (₹4,126 crore), up 31 per cent.
In Q3 FY21, two-wheelers sales grew 21 per cent and 31 per cent in the domestic and international markets, respectively, ahead of the industry growth of 13 per cent and 20 per cent.