After the BS3 standard vehicle closure, the remaining BS-3 standard vehicles were sold with considerable exhaustion.TVS Motors recently lost all its dealers due to exemption on the vehicles sold in March of this year. To complete this, the company has given Rs 57 crore. The company is now selling vehicles to BS-4 standard.
Company status- • Tell us, according to the JD Survey, TVS Motors has received 782 points as customary specification. • The customer service and dealership has received a good response from the customers. • Despite the profit of TVS Motor in the fourth quarter of FY 2017 to Rs 126.8 crores, the company has made a provision of 57 crores for its dealers on BS-III vehicles. • In the fourth quarter of fiscal year 2016, the profit of TVS Motor was Rs. 136 crores. • Sales of motorcycle decreased by 12.95 percent to 2.15 lakh units in the quarter, from 2.47 lakh units in the same quarter of 2015-16. • In the financial year 2016-17, the net profit of the company increased by 14 percent to Rs 558.1 crore, from Rs 489.3 crore in the previous fiscal. • The total income of the company increased 9.58 percent to Rs 13,363.43 crore in the reported financial year, which was Rs 12,194.77 crore in FY16-16.
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