Spurred by continual growth in sales, TVS Motor
Company continued to sustain its growth quotient in the third quarter,
reporting an increase of 25.4% in revenue growth. The company recorded
notable growth registering revenues of Rs.1089.45 crore for the quarter
ended December 2009 in comparison to Rs. 868.71 crore recorded during
corresponding quarter in the previous year.
Profit Before Tax (PBT) during the quarter under review stood at Rs. 25.40
crore when compared to Rs.0.04 crore recorded in the comparable period of
the previous year. The cumulative PBT for nine months ended 31 st December
2009 is significantly higher at Rs. 69.58 crore compared to Rs. 23.96 crore
of PBT achieved for nine months ended 31 st December 2008.
During the end of the current quarter, exports began to show signs of
recovery and complemented domestic sales of the company which contributed
significantly towards growth. Total two-wheeler sales grew at 21.7% in the
third quarter of the current fiscal registering 3.72 lac units when compared
with 3.06 lac units in the corresponding period of the previous year.
Motorcycles sales stood at 1.51 lac units in comparison to 1.44 lac units
over the corresponding period of the previous year registering a growth of
4.6%. Scooters grew 31.9% registering sales of 0.76 lac units against 0.57
lac units during the corresponding quarter of the previous year.
Two wheeler exports registered sales of 0.44 lac units for the quarter ended
December 2009 against 0.55 lac units during the comparable period of the
For the quarter ended December 2009, three wheeler sales stood at 3225 units
in comparison to 956 units registering growth of more than 200% over the
corresponding quarter of the previous year.
During the quarter, TVS Motor Company unveiled two unique products - India's
first auto-clutch motorcycle and an automatic scooter. TVS Jive, India's
first auto-clutch motorcycle, is propelled by a 110 cc engine which features
innovative T-Matic technology which features a rotary gear technology
coupled with an automatic clutch. One of the major features of this
motorcycle is the absence of the clutch lever, making riding on this
motorcycle a hands free gear shift experience. The bike therefore can be
ridden by almost anyone who has a sense of balance as there is no need for
manual clutch-gear co-ordination while shifting. Another unique feature of
this motorcycle is its anti-stall mechanism which makes smooth riding
possible at low speeds even in high gears, without the engine shutting off.
This is not possible in motorcycles with the regular clutch system. The
downward rotary gear system enables the rider to reach neutral straight from
top gear. However, it is not necessary that the bike has to be in neutral
while starting. The bike can be started in any gear and is fitted with an
electric start for convenience.
TVS WEGO, the multi-user, family-friendly and sleek metal bodied scooter
that strikes a perfect balance between stability and maneuverability, power
and mileage, and sturdiness and ease making it a delight to ride for any
category of users; men and women, young and old. The all aluminum
low-friction engine ensures best-in-class mileage. Multi-reflector halogen
headlamps and LED tail lamp with optical guides give the scooter dynamic
styling better described as urban dynamism.
The quarter also saw the Twin Spark Plug TVS "FLAME" motorcycle being
re-launched, after obtaining all necessary permissions and clearances in
accordance with law. This executive segment motorcycle, is the only
motorcycle in the country to have a unique combination of three valves and
two spark plugs.
In accordance with its business plan, the company expanded its three-wheeler
footprint to New Delhi and the NCR, West Bengal and Karnataka having
launched the TVS King in versions that conform to regulations of those
governments. TVS King is a futuristic product designed for today's cities
having a good combination of power, comfort, mileage and style.