TVS Motor Company yesterday announced its 4th quarter figures. Last year, during the same time, the company had reported a net loss of Rs. 33 crores in Q4 2013. In percentage, the growth is roughly 21% over last year. The net profit soared at 126% making it 262 crores and 11% growth in total revenue to Rs. 7962 crores in the Financial Year 2014 over Financial Year 2013.
The number of motorcycles sold increased from 1.85 lakh units registered in Q4 2012-13 to 1.97 lakh units Q4 of 2013-14.
Scooters sales increased from 0.95 lakh units in the fourth quarter of 2012-13 to 1.37 lakh units registered in the fourth quarter of 2013-14. Two-wheeler exports rose from 0.52 lakh units in Q4 of 2012-13 to 0.67 lakh units in the quarter under review. Three-wheeler sales increased from 0.14 lakh units in Q4 of the previous year to 0.21lakh units in the fourth quarter of 2013-14.
TVS Motor Company blamed the success on new launches and upgrades across the scooter and motorcycle segment. The newly launched TVS Jupiter that went on to become the most awarded scooter made the company strong and confident.
With a Research and Development (R&D) team that is constantly working, TVS has earned the respect of being always active in terms of new products and technologies. TVS plans to introduce an all-new Star City+ and an all-new Scooty - TVS Zest sometime this year. People who were at Auto Expo this year will know what are we talking about.