TVS Motor Company Q1 Revenue Grows 41 %

PBT grows 151.8% ; PAT grows 122.8%; Declares second interim dividend of 50% and recommends bonus shares in the ratio of 1:1

Bangalore, July 21, 2010: Volume growth, led by new launches and complemented by strong contributions from the existing portfolio, has enabled TVS Motor Company to record a revenue growth of 40.9 % in the first quarter. The company's revenues grew to Rs. 1392.96 crore in the current quarter ended June 2010 from Rs. 988.70 crore in the quarter ended June 2009. Profit before tax during the quarter under review grew 151.8% at Rs. 50.47 crore compared to Rs. 20.04 crore recorded in the comparable period of the previous year. Profit after tax in the current quarter grew 122.8% at Rs. 40.38 crore from Rs. 18.12 crore in the previous comparable quarter.
The board in the meeting held today declared a second interim dividend of Re. 0.50 (50%) per share absorbing a sum of Rs. 13.41 crore including dividend distribution tax for the year 2009-10. The total dividend including the second interim dividend for the year ended 31 March 2010 will aggregate Rs. 1.20 per share (120%).
The board has also recommended the issue of bonus equity shares to the shareholders in the ratio of 1:1 by capitalizing an equivalent amount standing to the credit of the general reserves of the company for approval of the shareholders through postal ballot.
Total two-wheeler sales of the company grew at 31.4 % in the first quarter of the current fiscal at 4.6 lakh units compared with 3.5 lakh units in the corresponding period of the previous year. Motorcycles sales grew at 31.5% to 2.04 lakh units in the reporting quarter from 1.55 lakh units in the quarter ended June 2009. Scooters grew substantially by 41.6 % registering sales of 0.96 lakh units in the current quarter against 0.68 lakh units during the corresponding quarter of the previous year. TVS Wego and TVS Jive are now available across India and have received favourable response from the market; however the full volume impact of these launches will be seen in Q2.
Two wheeler exports registered 78.1% growth with sales increasing to 0.57 lakh units in the current quarter from 0.32 lakh units in the quarter ended June 2009.
Three wheeler sales during the quarter grew by more than 250% to 7979 units in the quarter ended June 2010 from 2223 units in the quarter ended June 2009.

 

SOURCE: TVSMOTOR

TVS launches Max4R

 

 

After their auto-clutch wonder Jive, TVS targets the rural market and launches their new 110cc commuter

TVS launched another 110 cc bike in Indore on Thursday. Max4R, as the bike is called, targets on people from rural areas with heavy load to carry. With a detatchable rear seat, the bike enables fixtures and accessories for carrying things like vegetables’ sacks, boxes and milk cans. Rear seat can also be locked for pillion ride. The single cylinder 4 stroke air cooled engine pumps 8.4 PS and 8.3 Nm, making it viable to carry heavy load. The bike has telescopic oil damped suspension in front and four shock absorbers in the rear. Other features present are- specially reinforced spokes, 130 mm drum brakes, wheel and indicator guards and long wheelbase and wider tyre. The bike has been priced at Rs 37,590, ex-showroom, Indore.

TVS Motor Company's two wheeler sales grow 36 % in June 2010

Motorcycles grow 44 %; Scooters grow 42 %; Domestic sales up 33 %; Exports up 66 % Highest Three Wheeler Sales recorded in June 2010

Hosur, July 01, 2010: TVS Motor Company continued its upward trend with growth in sales for the month of June 2010 registering an increase of 36% over the same month of the previous year. Total two wheeler sales of the company grew from 115,448 units in June 2009 to 156,685 units in the current month. Cumulative two wheeler sales from April to June 2010 increased 31% with sales of 456,041 units in the current financial year as against 347,141 units in the comparable period of the previous year. Domestic two wheeler sales witnessed robust growth of 33%, increasing from 105,361 units in June 2009 to 139,905 units in June 2010. The company not only recorded growth across all segments of the two wheeler market but also logged highest ever sales of its three wheelers during the month.
Motorcycle sales of the company registered 44 % growth in June 2010 with sales of 66,452 units compared to 46,048 units in the same month of the previous year. Scooters sales continued to excel growing at 42 % with sales of 36,742 units in the month of June 2010 as against 25,945 units in June 2009.
Three wheeler sales crossed the three thousand mark for the first time with the company registering a voluminous growth of 3,003 units in June 2010 over 810 units in June 2009.
Exports contributed handsomely to sales growth in June 2010 posting an increase of 66% with sales of 16,780 two-wheelers against 10,087 units in June 2009.

 

Source:www.tvsmotor.in

First leg of MRF National Super Cross Championship belongs to C S Santosh of Team TVS Racing

Bangalore May 30, 2010: Bangalore provided just the right weather for the opening round of the MRF Supercross Championship, a round of FMSCI National Supercross championship 2010. While Team TVS Racing kick started its celebration of 25 years in style, taking podium position for every race in which they participated, the star performer of the day was undoubtedly C S Santosh who won both Motos of the Class I Foreign Open - Group A 250 cc - 500 cc. He was adjudged 'Best Rider of the Day".
The first moto was a keenly fought battle between C S Santosh, Pradeep H K and Aravind K P until the seventh lap, when Aravind K P's bike stalled and refused to start, throwing him out of the race. This brought Kerala privateer C D Jinan into the fray. A tough battle ensued for second and third place between TVS Racing's Pradeep H K and C D Jinan, C S Santosh having taken a huge lead over them. Santosh went on to win the race by almost three fourths of a lap, followed by Pradeep H K who succeeded in taking second over C D Jinan.
The day's proceedings however, started with the first moto of Class 3 Indian Experts - Group B which was dominated by Team TVS Racing. Aravind K P, who won the race, was cramped in the first corner, allowing TVS Racing's Pramod Joshua to take the lead followed closely by fellow team mate H K Pradeep. Amid fierce competition for first and second place between Pramod Joshua and Pradeep H K, Aravind K P came in from the rear to win the race. It was an all TVS Racing affair with Team TVS Racing finishing first second and third. Aravind K P. Pradeep H K and Pramod Joshua stood first, second and third respectively. The second moto was no different with stiff competition between the top three TVS Racing Riders.
C S Santosh therefore leads the championship with 40 points, followed by C D Jinan and Pradeep H K respectively with 32 points each.
In the Class 2 novice - Group C, it was a keen fight between Mohammed Azgar from Mysore riding an RX 135, Latif Sharif from Bangalore on his RXG and Murthy R from TVS Racing on his Apache RTR 160. A close contest in the second lap saw TVS Racing rider Murthy R move into second place. Despite desperate attempts to wrest first place from Mohammed Azgar, Murthy was able to manage only second with Latif Sharif coming in a distant third.
The locals impressed in a closely run race with almost seven to eight riders crowding corners in a bid to overtake one another. Bashir Ahmed took top honours winning the race, followed by Anil Kumar and Mohammed Azgar.
The second Moto of Class 1 Foreign open Group A was the most exciting race of the day with Aravind K P and C S Santosh fighting tooth and nail for the first position. Fascinating double and triple jump displayed by both riders were cheered by the enthused crowd. Aravind's bad luck continued in the second race as well, when he fell in the second lap, forcing him to fourth position. C S Santosh went on to complete the race with a massive lead over C D Jinan, who took advantage of Aravind K P's absence and finished second. Pradeep H K of TVS Racing came in third

MRF NATIONAL SUPERCROSS CHAMPIONSHIP - ROUND I
BANGALORE
PROVISIONAL RESULTS

Class 1: Foreign Open Group A 250CC - 500CC - Moto - I (11 Riders, 10 Laps)

Position
Rider
Team

I
Santosh C S
Team TVS Racing

II
Pradeep H K
Team TVS Racing

III
C D Jinan
Kerala

Class 1: Foreign Open Group A 250CC - 500CC - Moto - II (11 Riders, 10 Laps)

Position
Rider
Team

I
Santosh C S
Team TVS Racing

II
C D Jinan
Kerala

III
Pradeep H K
Team TVS Racing

Class 1: Foreign Open Group A 250CC - 500CC - Combined Result

Position
Rider
Team

I
Santosh C S
Team TVS Racing

II
C D Jinan
Kerala

III
Pradeep H K
Team TVS Racing

Class 3: Indian Experts Group B Up To 260CC (11 Riders, 6 Laps) Moto - I

Position
Rider
Team

I
Arvind K P
Team TVS Racing

II
Pradeep H K
Team TVS Racing

III
Pramod Joshua
Team TVS Racing

Class 3: Indian Experts Group B Up To 260CC (11 Riders, 6 Laps) Moto - II

Position
Rider
Team

I
Arvind K P
Team TVS Racing

II
Pradeep H K
Team TVS Racing

III
Pramod Joshua
Team TVS Racing

Class 3: Indian Experts Group B Up To 260CC Combined Results

Position
Rider
Team

I
Arvind K P
Team TVS Racing

II
Pradeep H K
Team TVS Racing

III
Pramod Joshua
Team TVS Racing

Class 4: Locals Group B Up To 260CC (25 Riders, 5 Laps)

Position
Rider
Team

I
Bashir Ahmed
Bangalore

II
Anilkumar
Bangalore

III
Mohd. Azgar
Bangalore

Class 2: Novice Group C Up To 260CC (36 Riders, 5 Laps)

Position
Rider
Team

I
Mohd. Azgar
Bangalore

II
Murthy R
Team TVS Racing

III
Latif Sharif
Bangalore

Class 7: Private Foreign Open Group A Up To 250CC (12 riders, 5 laps)

Position
Rider
Team

I
Allan Sequira
Goa

II
Maninder Singh Prince
Delhi

III
Badal Doshi
Mumbai

Class 5: Indian Experts Group C Up To 260CC (14 Riders, 6 Laps)

Position
Rider
Team

I
Pramod Joshua
Team TVS Racing

II
Vishal Barguje
Team TVS Racing

III
Basheer Ahmed
Bangalore

COUTRESY- TVSMOTOR.IN

TVS Motor Company and Thiagarajar College of Engineering Sign MOU for Embedding Industrial Training into B.E. Mechanical Engineering program

 

 

 

Madurai, June 24, 2010: In an effort to create an opportunity for undergraduate Mechanical Engineering students to get hands-on experience in mechanical engineering, TVS Motor Company has entered into a Memorandum of Understanding with Thiagarajar College of Engineering (TCE), Madurai by way of which, TVS Motor Company and Thiagarajar College of Engineering will run a collaborative undergraduate program. The programme will conform to highest standards and will include four to six weeks of internship during semester vacations as well as a major project at TVS Motor Company or any of its associate companies during last semester. On completion of 1st semester study of B.E. Mechanical Engineering program, TCE students will be eligible to apply for this program. Selection will be based purely on merit.
The MOU was signed by Mr. K N Radhakrishnan, President and CEO, TVS Motor Company and Dr. V. Abhai Kumar, Principal, Thiagarajar College of Engineering.
"The main objective of this program is to produce high caliber mechanical engineers, who are ready for roles in a Corporate when they complete their studies. Under this program, experienced managers from TVS Motor Company and professors of TCE will co-create contemporary curriculum, teaching methodology and evaluation process in order to make the students ready for role on graduation, which takes about two years currently. Students, who opt for this program, will also have the added benefit of financial assistance� said Mr. K N Radhakrishnan, President & CEO, TVS Motor Company.
Thiagarajar College of Engineering has completed over fifty three years of turning out quality Engineers and has excellent facilities, faculty and environment for all engineering branches.
"This program is a win-win, for the students for the college as well as to TVS Motor Company. It is imperative that manufacturing companies like TVS Motor Company come forward for such collaborations which would enhance and strengthen the competence of our mechanical engineering students. This program will also act as a catalyst for placement once students complete their course, as they would have already showcased specific skills during the internship with TVS Motor Company and its group companies" said Dr. V. Abhai Kumar, Principal, Thiagarajar College of Engineering

SCOOP- TVS APACHE 250 PIC'S

fINALLY GOT THE SCOOP PICS OF NEW APACHE RTR 250. The bike is in white and red combo. Apache sticker is missing, and new engine cowl is seen. Engine capacity to look big.

more pics coming up.

TVS Motor Company clocks 31% growth in February 2010

Motorcycles up 28%; Scooters up 38%; Domestic sales up 34%; Exports grow 15%; Highest Three-Wheeler Sales posted in Feb 2010Hosur, March 1, 2010: With significant contributions across all segments, TVS Motor Company has posted 31% growth registering total two wheeler sales of 140,544 units in the month of February 2010 against 107,301 units in the same month of the previous financial year. Cumulative growth for the period April 2009 to February 2010 stood at 1,375,176 units against 1,207,754 units in the comparable period of the previous year, a growth of 14%.The company's three wheeler sales also posted sizeable growth over February 2009, generating highest ever sales. Domestic sales posted growth of 34% registering 121,403 units in February 2010 in comparison with 90,718 units in the February 2009. The company's motorcycle registered a buoyant growth of 28% in February 2010 with sales of 63,394 units in February 2010 when compared to 49,659 units in the same month of the previous year. During the month, scooters witnessed substantial growth of 38% registering sales of 27,017 units when compared to 19,532 units in February 2009. Exports continued to show an upward trend posting 15% during the month of February with sales of 19,141 units against 16,583 units in February 2009. The company recorded 2,132 units of three wheeler sales in February 2010 against 550 units in February 2009; cumulative sales for the period April 2009 to February 2010 thus adding up to 12,549 units. During the month, TVS Jive, India's first auto clutch motorcycle was introduced in markets across Tamilnadu as well as Andhra Pradesh. The bike will be made available in phases across the country within the next month. The company will also launch its much awaited TVS Wego in phases across the country beginning March 2010.
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