TVS Motor Company net up 24.8%

TVS Motor Company has posted 24.8 per cent rise in net profit at Rs90.27 crore in the quarter ended June 2015, compared with Rs72.32 crore recorded during the same period a year ago.

The company's revenues rose 13.7 per cent to Rs2,621.23 crore during the quarter review, as against Rs2,305.39 crore posted during the same period a year ago, the company said in a statement.

Total two-wheeler sales of the company grew by 8.8 per cent for the quarter to 6.08 lakh units. Motorcycle sales grew by 11.8 per cent to 2.55 lakh units from 2.28 lakh units during the quarter. Scooter sales grew by 8.6 per cent in the quarter to 1.65 lakh units.

Two and three-wheeler exports of the company registered a 22.7-per cent growth with sales increasing to 1.19 lakh units. Three-wheeler sales for the quarter ended June 2015 grew by 21 per cent to 30,229 units, it said.

During the quarter ended June 2015, the company introduced a special edition of its TVS XL Super, celebrating crossing of the 1 crore mark milestone in sales.

The new variant comes in Silver Grey and Titanium Grey, with special graphics, a dual texture seat with stitch lines, chrome plated grab rail, silencer guard and a specially designed 1 crore celebration sticker.