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TVS off to Jupiter, revenue shoots up 35% in Q2!!

Snapshot: TVS has grown 35% in revenues in Q2!

TVS is on a roll, it has gone ahead of Bajaj in terms of sales in October 2014 and now reports are coming which indicate that the Hosur based company has grown a outstanding 35% n terms of revenue in Q2, ending September 2014. Total revenue grew from Rs. 1,988.4 crores in the quarter ended September 2013 to Rs. 2,683.1 crores in the quarter under review.

Total two-wheeler sales of the company grew by 35% in the quarter ended September 2014, increasing from 4.79 lakh units in the corresponding quarter of the previous year to 6.48 lakh units in the quarter ended September 2014. Motorcycle sales grew by 29% increasing from 1.97 lakh units in the quarter ended September 2013 to 2.55 lakh units in the quarter ended September 2014. Scooter sales grew by 68% in the quarter ended September 2014 increasing from 1.16 lakh units recorded in the quarter ended September 2013 to 1.95 lakh units in the quarter under review.

Three wheeler sales during the quarter ended September 2014 grew by 24% increasing from 22,606 units in the quarter ended September 2013 to 27,946 units in the quarter ended September 2014.Two and three wheeler exports of the company registered a growth of 29% with sales increasing from 0.80 lakh units in the quarter ended September 2013 to 1.03 lakh units in the quarter ended September 2014.

During the quarter ended September 2014, the company launched TVS Scooty Zest 110, expanding its scooter portfolio. With this, TVS Motor Company now has the widest range of scooters in the country. TVS Jupiter and TVS StaR City + launched earlier continued its upward trend.

During the quarter, PT TVS Motor Company Indonesia registered total two wheeler sales of 6752 units compared to 5187 units sold in the corresponding quarter of the previous year.

 

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