TVS MOTOR COMPANY REPORTS TURNOVER OF Rs. 883.38 CRORES , RECORDS 8.4%
GROWTHPBT Rs. 45.03 crores at 7% growth & PAT Rs. 31.06 crores at 10% growth
TVS Motor Company recorded a turnover of Rs.
883.38 crores in the third quarter ended December 2005 compared to Rs. 815.23
crores achieved in the corresponding period last year, registering a growth of
The total two wheelers sold in Quarter Three ended December 2005 was at 358,559
units compared to 322,412 units in the same period last year, recording a growth
of 11.2%. The concerted efforts have helped the company to improve its market
share in motorcycles to 13.3% at the end of the third quarter compared to 12.6%
in the first quarter of this fiscal year.
In December 2005, the company achieved a new milestone with the launch TVS
Apache. This stylish and performance driven motorcycle has already won good
reviews from several two-wheeler experts. Apache won three "best bike of the
year" award by CNBC TV18 AUTOCAR India, OVERDRIVE and Business Standard
Motoring. On design front too the Apache won two top awards namely "best design
of the year" by BBC TopGear and "best indigenous design of the year" by
OVERDRIVE. TVS Apache was showcased at the Auto Expo 2006 in New Delhi and the
response has been very encouraging. TVS Apache will be available in key markets
by the end of February 2006 and with this launch the company will gain
significant volumes and improve its presence in the premium segment of
TVS StaR City continued to receive good response across all markets and has
enabled the company to make significant inroads in the economy segment of the
motorcycle market and TVS StaR has crossed the 50,000 units mark per month.
Scooty Pep+ won the best "Scooter of the year award 2006" by OVERDRIVE
and it continues to be a dominant player in the ungeared scooter category.
The total two wheelers sold in nine months ended December 2005 was at 991,514
units compared to 870,845 units in the same period last year, recording a growth
EXPORTS TVS Motor Company exported 18,205 units of two wheelers in the third quarter
of this fiscal year as against 12,253 units sold during the same period last
year registering a growth of 49%. The exports in the nine months ended December
05 stood at 61,320 units compared to 36,666 units recording a growth of 67%.
The Three wheeler, Himachal Pradesh and Indonesian projects are progressing as
FINANCIALS Profit Before Tax (PBT) for the third quarter was at Rs. 45.03 crores
compared to Rs. 42.18 crores and Profit After Tax (PAT) stood at Rs. 31.06
crores compared to Rs. 28.23 crores achieved during the same period last year.
PAT recorded a growth of 10%. The EBITDA (Earnings before interest tax and
depreciation) margin of the company grew from 7.9% to 8.2% despite investments
in new product development and launch expenses. The focus on raw material cost
reduction and fixed costs will help the company to improve its margin further.