TVS Motor Company achieves revenue of Rs. 1434 Cr in Q1 FY 20-21
TVS Motor Company resumed its operations from second week of May 2020 in a graded manner across all its factories in Hosur, Mysuru, and Nalagarh.
This quarter is not a representative quarter due to COVID- 19 related shut down for major part of the quarter. Both production and sales were severely impacted during the quarter and therefore reflects what was an unprecedented situation.
The market is now open barring selective local lockdowns. We are witnessing a positive uptake in both domestic retails as well as international markets. Several measures taken by the Company helped it to overcome supply chain disruptions and stabilise operations by end June.
TVS Motor Company's overall two-wheeler sales including exports was 2.55 Lakh units during quarter ended June 2020 as against sales of 8.84 Lakh units reported in the quarter ended June 2019. Motorcycles registered sales of 1.19 Lakh units in the quarter ended June 2020 as against sales of 4.17 Lakh units registered in the quarter ended June 2019. Scooter sales of the Company for the quarter registered sales of 0.82 Lakh units as against sales of 2.95 Lakh units in the quarter ended June 2019.
The total export of the Company registered sales of 0.81 Lakh units during the quarter ended June 2020 as against sales of 2.09 Lakh units in the quarter ended June 2019.
Total three wheelers registered sales of 0.12 Lakh units in the quarter ended June 2020 as against sales of 0.40 Lakh units in the quarter ended June 2019.
TVS Motor Company reported a revenue of Rs. 1434.3 Crores in the first quarter of 2020-21 as against the total revenue of Rs. 4469.8 Crores in the quarter ended June 2019.
The Company has reported a loss of Rs. 139.1 Crores for quarter ended June 2020 as against profit after tax of Rs. 142.3 Crores reported for the quarter ended June 2019.
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 JD Power IQS and APEAL surveys for the past five years. We have been ranked No. 1 Company in the JD Power Customer Service Satisfaction Survey for consecutive four years. For more information, please visit www.tvsmotor.com.