TVS motors today reported the profit report of their second quarter. The motor corp. was able to raise a 21% and Profit before Tax grows 31% in Q2 of FY 2016-17.
TVS Motor Company has reported a revenue growth of 20.6% for the quarter ended September 2016. Total revenue grew to Rs. 3726.31 Crore in the quarter ended September 2016 as against Rs. 3089.42 Crore recorded in the quarter ended September 2016.
During the quarter ended September 2016, the overall two-wheeler sales of TVS Motor Company, including exports grew by 23.1% to 7.95 Lakh units as against 6.46 Lakh units registered in the quarter ended September 2015.
Motorcycles sales grew by 30.2% to 3.32 Lakh units in the second quarter of 2016-17 as against 2.55 Lakh units registered in the second quarter of 2015-16. Scooter sales increased to 2.29 Lakh units in the second quarter of 2016-17 as against 2.18 Lakh units in the second quarter of 2015-16 registering a growth of 5.0%.
