TVS Motor’s net falls marginally
June 26th, 2009 - 8:02 pm ICT by IANS ( Leave a comment )Chennai, June 26 (IANS) The city-based two- and three-wheeler manufacturer TVS Motor closed 2008-09 with a 13 percent growth in turnover and a marginal decline in net profits as compared to the previous fiscal.
In a statement Friday, the company stated the total revenue and net profit for the last fiscal stood at Rs.3,741 crore and Rs.31 crore as against Rs.3,310 crore and Rs.31.77 crore earned in 2007-08 respectively.
During the period under review, the company logged a 5 percent growth in its two-wheeler sales, selling 13.42 lakh units against 12.77 lakh units in the previous fiscal.
Motorcycles accounted for 6.45 lakh units against 6.10 lakh units in 2007-2008, posting a growth of 6 percent. Scooters registered sales of 2.59 lakh units against 2.58 lakh units the year before.
Mopeds and three-wheelers account for the rest of sales. TVS however did divulge the sales break-up.
The company exported 1.95 lakh units in 2008-09 against 1.36 lakh units the previous year.
It said a new scooter and motorcycle will be launched this fiscal, apart from a four-stroke three-wheeler model in petrol, LPG and CNG versions.
- TVS Motor logs 14 percent sales growth in April - May 01, 2011
- TVS's Q3 net profit jumps 137 percent - Jan 20, 2011
- TVS Motor's third quarter net profit up 1.39 percent - Jan 31, 2012
- Smooth ride for two-wheeler makers in February (Roundup) - Mar 01, 2011
- TVS Motor logs five percent sales growth in January - Feb 01, 2012
- TVS Motor sales up by 24 percent in February - Mar 01, 2011
- TVS Motor logs lower sales in December - Jan 02, 2012
- TVS Motors closes March and fiscal with higher sales - Apr 01, 2011
- Good take-off for two-wheelers in 2011, companies mark sales growth (Lead) - Feb 01, 2011
- TVS Motor Q2 net zooms to Rs.54.78 crore - Oct 21, 2010
- TVS Motor logs 42 percent sales growth in Dec 2010 - Jan 01, 2011
- Auto makers log growth despite rising prices - May 02, 2011
- 1:1 bonus issue by TVS Motor Company - Apr 29, 2011
- Auto makers continue to log growth (Lead) - May 02, 2011
- Indian automobile sector's March sales soar (Roundup) - Apr 01, 2011
Tags: cng, crore, decline, lakh units, lpg, mopeds, motorcycle, motorcycles, net profit, net profits, new scooter, previous year, stroke, three wheeler, turnover, tvs, two wheeler
