TVS Motor Company has reported a revenue growth of 20.6% for the quarter ended September 2016. Total revenue grew to Rs. 3726.31 Crores in the quarter ended September 2016 as against Rs. 3089.42 Crores recorded in the quarter ended September 2015.

The Company’s Profit Before Tax (PBT) registered a growth of 31.1% to Rs. 234.04 Crores in the second quarter of 2016-17 as against Rs. 178.46 Crores in the second quarter of the previous financial year. Profit After Tax (PAT) increased by 33.4% to Rs. 177.39 Crores in the quarter under review as against Rs. 132.96 Crores in the corresponding period last year.

During the quarter ended September 2016, the overall two-wheeler sales of TVS Motor Company, including exports grew by 23.1% to 7.95 Lakh units as against 6.46 Lakh units registered in the quarter ended September 2015. Motorcycles sales grew by 30.2% to 3.32 Lakh units in the second quarter of 2016-17 as against 2.55 Lakh units registered in the second quarter of 2015-16. Scooter sales increased to 2.29 Lakh units in the second quarter of 2016-17 as against 2.18 Lakh units in the second quarter of 2015-16 registering a growth of 5.0%.

The Company exported 1.12 Lakh units of two and three wheelers in the quarter under review as against 1.27 Lakh units in the second quarter of 2015-16. Three wheelers registered sales of 20,401 units in the quarter under review as against 32,922 units in the second quarter of 2015-16.

Half-year results:

In the half year ended September 2016, total revenue grew by 16.8% to Rs. 6874.49 Crores as against Rs.5887.60 Crores in the half-year ended September 2015. Profit Before Tax (PBT) grew by 27.9% to Rs. 394.86 Crores as against Rs. 308.81 Crores recorded in the half-year ended September 2015.

Profit After Tax (PAT) for the half-year ended September 2016 grew by 28.1% to Rs. 298.64 Crores as against Rs. 233.04 Crores registered in the half-year ended September 2015.

The total two-wheeler sales of the Company for the half-year ended September 2016 grew by 19.3% to 14.96 Lakh units as against 12.54 Lakh units recorded in the half-year ended September 2015.

Scooter sales grew by 11.2% in the half-year ended September 2016 to 4.26 Lakh units as against 3.83 Lakh units in the half-year ended September 2015.

Sales of motorcycle during the half-year ended September 2016 grew by 20.6% to 6.15 Lakh units as against 5.10 Lakh units in the half year ended September 2015. Two and three wheeler exports of the Company registered sales of 2.16 Lakh units in the half-year ended September 2016 as against 2.46 Lakh units in the half-year ended September 2015.

Three wheeler sales for the half-year ended September 2016 stood at 37,738 units as against 63,151 units in the half-year ended September 2015.

Interim dividend

The Board at its meeting held on 27th October 2016 declared an interim dividend of Rs. 1.25 per share (125%) for the year 2016-17 absorbing a sum of Rs. 70.25 Crores, including dividend distribution tax.

About TVS Motor Company

TVS Motor Company is a leading two and three wheeler manufacturer and is the flagship company of the USD 7 billion TVS Group. We believe in Championing Progress through Mobility. Rooted in our 100 year legacy of Trust, Value, Passion for Customers and Exactness, we take pride in making internationally aspirational products of the highest quality through innovative and sustainable processes. We endeavour to deliver the most superior customer experience at all our touch points across 60 countries. We are the only two-wheeler company to have received the prestigious Deming Prize. Our products lead in their respective categories in the JD Power IQS and APEAL surveys for the past two years. We have recently been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey. For more information, please visit www.tvsmotor.com

For further information, please contact

PS Balakrishnan / KS Harini
TVS Motor Company
Balakrishnan.ps@tvsmotor.com / ks.harini@tvsmotor.com