TVS Motor Company Q2 Revenue Grows 43 %

PBT grows 181 %; PAT grows 123 %

Bengaluru 21 Oct, 2010: A complete portfolio complemented by sales from new and existing products has led to a robust increase in TVS Motor Company's domestic and export sales across all categories during the second quarter of the current fiscal. This has enabled the company to achieve a revenue growth of 43% during the quarter with sales revenue growing from Rs. 1130 crores in the quarter ended September 2009 to Rs.1616 crore in the quarter ended September 2010.
Profit before tax, during the quarter under review, grew at 181% from Rs. 24 crore recorded in September 2009 to Rs. 68 crore in the current quarter. Profit after tax grew by 123% from Rs. 25 crore in the previous comparable quarter to Rs.55 crore in the quarter under review.
Total two-wheeler sales of the company grew at 32% in the current quarter, increasing from 3.91 lakh units in the second quarter of the previous year to 5.17 lakh units in the current quarter. Motorcycle sales grew at 35% from 1.55 lakh units in the quarter ended September 2009 to 2.10 lakh units in the reporting quarter. Scooters continued to grow substantially at 45% from 0.86 lakh units in the quarter ended September 2009 to 1.25 lakh units in the current quarter.
Two wheeler exports registered 67% growth with sales increasing from 35 thousand units in the quarter ended September 2009 to 59 thousand units in the current quarter.
Three wheeler sales during the quarter grew 202% from 3259 units in the quarter ended September 2009 to 9826 units in the quarter ended September 2010.
PT TVS Motor Company Indonesia registered total two wheeler sales of about 11,000 units during the first half of the current year in comparison with 7,300 units recorded in the same period of the previous year. Exports accounted for 2,300 units. The product portfolio of the company continued to receive good response from consumers in the region. Presently, the company has around 130 dealerships across Indonesia and plans to expand its network to around 220 by March 2011.

TVS Motor reports highest sales in September 2010; grows 31%

Exports grow 89%; Scooters grow 44%; Motorcycles up 34 %; Domestic Sales up 25%

Hosur, October 1, 2010: TVS Motor Company continued to maintain an impressive year-on-year growth with total sales of 188,005 units in September 2010 against 143,753 units registered in September 2009. Monthly sales of the company grew by 31%. Cumulative total sales for the period April to September 2010 therefore stood at 988,794 units.
Two Wheeler
During the month total two wheeler sales of the company grew 30% with sales of 184,783 units against 142,553 units recorded in September 2009.
Cumulative two wheeler sales for the period April to September 2010 increased 32% with sales of 971,039 units against 737,480 units in April to September 2009.
Domestic sales witnessed a growth of 25% with sales of 165,418 units in September 2010 against 132,281 units in September 2009.
Scooter sales of the company increased significantly, growing 44% with sales of 43,086 units in the month of September 2010 from 29,984 units in September 2009. Motorcycles accounted for 81,381 units against 60,718 units in September 2009, a growth of 34%.
Exports witnessed 89% growth in sales. The company exported 19,365 two wheelers in September 2010 in comparison with 10,272 units in September 2009.
Three Wheeler
The company sold 3,222 units of three wheelers in September 2010 against 1,200 units in the comparable period of the previous year. Cumulative three wheeler sales for the period April '10 to September '10 stood at 17,755 units, a growth of 224% over the same period of the previous year.