TVS Motor Company Revenue Grows 51 % in Q3

Board declares 50% interim dividend on enhanced capital of Rs. 47.51 cr
Third quarter PBT and PAT grows 177 % and 137 % respectively;
Cumulative PBT and PAT grows 171% and 128% respectively

Chennai, January 20, 2011: Sustained growth across all product segments has enabled TVS Motor Company to achieve strong revenue growth of 51% in the third quarter with sales revenue growing from Rs. 1089 crore in the quarter ended December 2009 to Rs. 1647 crore in the quarter ended December 2010.
Profit before tax, during the quarter under review, grew by 177% from Rs. 25.41 crore recorded in December 2009 to Rs. 70.29 crore in the current quarter. Profit after tax grew by 137% from Rs. 23.54 crore in the previous comparable quarter to Rs. 55.75 crore in the quarter under review.
Cumulative profit after tax for nine months ended December 2010 grew at 128% from Rs.66.20 crore to Rs.150.90 crore. The directors have declared an interim dividend of Re. 0.50 per share on the enhanced capital of Rs.47.51 crore as compared to Re. 0.70 per share on the then capital of Rs. 23.75 crore.
Total two-wheeler sales of the company grew at 39% in the third quarter, increasing from 3.72 lakh units in the third quarter of the previous year to 5.18 lakh units in the current quarter.
Motorcycle sales grew at 40% from 1.51 lakh units in the quarter ended December 2009 to 2.11 lakh units in the reporting quarter. Scooters continued its upward growth, increasing by 64% from 0.76 lakh units in the quarter ended December 2009 to 1.24 lakh units in the current quarter.
Two wheeler exports registered 17% growth with sales increasing from 43,696 units in the quarter ended December 2009 to 51,394 units in the current quarter.
The company's three wheeler sales during the quarter grew 212% from 3,225 units in the quarter ended December 2009 to 10,079 units in the quarter ended December 2010.
At the end of the quarter under review, PT TVS Motor Company Indonesia sold 14,809 units (April '10 to December '10) in comparison with 10,448 units (April '09 to December '09) registering a growth of 42% over the same period of the previous year. Expansion of dealerships has been a key focus area and the company has added two new provinces to the existing thirteen. Upgraded models of TVS RockZ and TVS Apache will be launched in the fourth quarter. With improved sales network and product portfolio, PT. TVS is expected to vastly improve its performance in 2011-12.
TVS Wego has won the prestigious "Scooter of the Year Award" at the recently concluded CNBC TV18 Overdrive Awards 2011, NDTV Car and Bike Awards 2011, Bike India Awards 2011 and Business Standard Motoring Awards 2011. Eminent panels of jury members including auto enthusiasts and industry experts chose TVS Wego on merits of its design elegance, engine efficiency, smoothness of handling and ride quality.

Source:- TVS Motors

TVS APACHE RTR180 SPECIFICATIONS OUT!

The good folks at biking world are carrying some stuff about the TVS Apache RTR180 ABS. The stuff we’re talking about are the specifications of the ABS system that will make it onto the RTR180. What we find difficult to fathom is the modest increase in price of the ABS version when compared to the non ABS version of the Apache RTR180, which at INR 3000 seems a little too inexpensive to be taken seriously.

In comparision, the C-ABS system that the 2011 Honda CBR250R will come with is a full INR 30,000 costlier than the non ABS version. So, the pricing bit still remains a grey area although it would a be a terrific feat of sorts if TVS Motors does indeed manage to price the ABS version of the Apache RTR180 at just INR 3,000 over the non ABS variant. Meanwhile, here are a few specs of the Apache RTR180 ABS and a video of the Apache RTR180 ABS in action.

TVS Apache RTR 180 ABS Features:

• No Wheel skidding
• Better brake performance on wet roads
• Very safe regardless of rider skill
• Rear wheel lift-off protection (RLP)
• Independent control

TVS Apache RTR 180 ABS Specifications:

• Function: ABS + RLP
• Hydraulic: 4 Valves, pump & LPA
• Electronic: 12 V
• ECU: Integrated
• Valves: Digital Control
• Communication: K-Line

TVS Motor Company December sales grows 41%

Scooters grow 94%, Domestic Sales up 46%; Motorcycles up 24%

Hosur, January 1, 2011: A substantial increase in domestic sales spurred by significant demand from across all product segments has propelled TVS Motor Company�s December sales by 41%.
The company sold 175,500 units in December 2010 against 120,913 units in the same month of the previous year. Cumulative sales of the company for the period April 2010 to December 2010 thus stood at 1,516,606 units.
Two Wheeler
Total two wheeler sales witnessed a sizeable increase of 41% with sales of 168,359 units against 119,701 units registered in December 2009.
Consequently, cumulative two wheeler sales for the period April 2010 to December 2010 increased by 34% with sales of 1,485,102 units over 1,109,054 units in April to December 2009.
Domestic sales of the company increased by 46% with sales of 149,357 units in December 2010 against 102,479 units reported in December 2009.
Scooter sales grew by an impressive 94% with sales of 41,804 units as against 21,566 units recorded in December 2009. Motorcycles sales recorded a growth of 24% with sales of 61,404 units in December 2010 as against 49,560 units in December 2009.
The company exported 19,002 units of two wheelers in December 2010 against 17,222 units registered in December 2009.
Three Wheeler
In December 2010, the company sold 3,500 units of three wheelers against 1,212 units sold in the comparable month of the previous year. Cumulative three wheeler sales for the period April 2010 to December 2010 stood at 27,863 units against 8,707 units, a growth of 220%.

Source- TVS MOTOR INDIA