TVS Motor Company's overall two-wheeler sales including exports was 8.42 Lakh units during quarter ended September 2019 as against 10.49 Lakh units reported in the quarter ended September 2018. Motorcycle sales for the quarter under review is 3.42 Lakh units as against 4.20 Lakh units registered in the quarter ended September 2018. Scooter sales of the Company for the quarter ended September 2019 is 3.33 Lakh units as against 3.88 Lakh units in the quarter ended September 2018.

Total three-wheeler sales grew by 9% to 0.43 Lakh units in the quarter ended September 2019 from 0.40 Lakh units in the quarter ended September 2018.

Total exports of the Company grew by 6% to 2.11 Lakh units during the quarter ended September 2019 from 1.99 Lakh units in the quarter ended September 2018.

Total revenue reported for the quarter ended September 2019 is Rs. 4352.7 Crores as against the revenue of Rs. 4994.2 Crores reported for the quarter ended September 2018.

EBITDA for the quarter ended September 2019 increased to 8.8% as against 8.6% reported in Q2 of 2018-19 and 8.0% reported in Q1 of 2019-20.

Profit Before Tax (PBT) for the quarter is Rs. 310.3 crores as against Rs. 306.2 Crores reported in quarter ended September 2018. PBT of current quarter includes an exceptional gain of Rs. 76.0 crores towards reversal of NCCD provision for Himachal plant pertaining to earlier years. This is pursuant to a favourable order from CESTAT.

Profit After Tax (PAT) for quarter ended September 2019 is Rs. 255.0 Crores as against Rs. 211.3 Crores reported for the quarter ended September 2018.

Half-year results:

The total two-wheeler sales of the Company for the half-year ended September 2019 is 17.26 Lakh units as against 19.41 Lakh units recorded in the half-year ended September 2018.

The total three-wheeler sales for the half-year ended September 2019 is 0.83 Lakh units as against 0.75 Lakh units registered in the half-year ended September 2018.

The total export of two and three wheelers for the half-year ended September 2019 is 4.2 Lakh units as against 3.9 Lakh units in the half-year ended September 2018, registered a growth of 8%.

Total revenue in the half year ended September 2019 is Rs. 8822.6 Crores against Rs.9165.2 Crores in the half-year ended September 2018.

PBT for the half year ended September 2019 is Rs. 518.9 Crores as against Rs. 518.6 Crores. PBT for the half year ended September 2019 includes an exceptional gain of Rs. 76.0 crores towards reversal of NCCD provision for Himachal plant pertaining to earlier years.

Profit After Tax (PAT) for the half year ended September 2019 is Rs. 397.3 Crores as against Rs. 357.9 Crores reported for the half year ended September 2018.

About TVS Motor Company

We are a reputed two and three-wheeler manufacturer, and the flagship company of the USD 8.5 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 J.D. Power IQS and APEAL surveys for four years. We have been ranked No. 1 Company in the J.D. Power Customer Service Satisfaction Survey for consecutive four years. For more information, please visit www.tvsmotor.com.

For further information, please contact:
Varghese M Thomas / KS Harini
Vm.thomas@tvsmotor.com / ks.harini@tvsmotor.com